A plan to stop gambling advertising on sporting events has reportedly been put on ice until after the federal election.
The Sydney Morning Herald reported it has confirmed that interested parties, including Labor MPs, have been told that no legislation would be presented before the election.
“Informally, at least two executives from the sports and media fields had been told not to expect public comments from Labor on what it planned to legislate, though this remains a slim possibility,” the Nine news site reported.
Analysts estimate gambling ads make up around 6%, or $180 million, of TV ad revenues.
An alliance of more than 60 prominent Australians has called on the government and the opposition to commit to banning all gambling advertising within three years.
However, television networks, worried about lost revenue, have reportedly asked that spectrum fees be eliminated if a gambling advertising ban is implemented.
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