Terms & Conditions

By accepting these Terms and Conditions, you agree to enter into a contract with Punters Accounts.

Please ensure you read the following Terms and Conditions carefully:

1 Definitions and Interpretation

1.1 Definitions

In this Agreement:

Business Day means a day that is not a Saturday, Sunday, or bank or public holiday in New South Wales.
Betting Bank Account means a new bank account set up in your name with your ID, used solely for deposits into and withdrawals from betting accounts as part of Punters Accounts’ daily operations.
Parties means the parties entering into this Agreement.
Punters Accounts, ‘we’, ‘us’, or ‘our’ means Punters Accounts and all its members.
Tax means a tax (including any goods and services tax), rate, levy, duty, or impost (other than a tax on the income of the Lender) and any interest, penalty, expense, or fine in connection with any of them.

1.2 Interpretation

In this Agreement, unless expressed to the contrary:

(a) Words in the singular include the plural and vice versa.
(b) Headings are for convenience and do not affect the interpretation of this Agreement.
(c) Any gender includes the other gender.
(d) A reference to a clause, paragraph, schedule, or annexure is a reference to a clause, paragraph, schedule, or annexure of this Agreement.
(e) If any act must be done under this Agreement on a day that is not a Business Day, the act must be done on or by the next Business Day.
(f) A reference to any legislation includes subordinate legislation and all amendments, consolidations, or replacements from time to time.
(g) If a word or phrase is defined, any other grammatical form of the word or phrase shall have a corresponding meaning.
(h) A reference to a natural person includes a body corporate, partnership, joint venture, association, government, statutory body, authority, or other legal entity.
(i) “Includes” and similar words mean includes without limitation.
(j) No clause shall be interpreted to the disadvantage of a Party merely because that Party drafted the clause or would otherwise benefit from it.
(k) A reference to a Party includes the Party’s legal personal representatives, successors, assigns, and persons substituted by novation.
(l) A reference to this or any other agreement includes the agreement, all schedules, and annexures as novated, amended, or replaced, despite any change in the identity of the parties.
(m) A reference to a covenant, obligation, or agreement of two or more persons binds or benefits them jointly and severally.
(n) A reference to time is to local time in New South Wales.
(o) A reference to “$” or “dollars” refers to the currency of Australia from time to time.
(p) A reference to “$X” or “X dollars” refers to the dollar amount listed on the website at the time of submission for the program being signed up for.

2 Payment to You

2.1 Choice of Payment

(a) Punters Accounts offers to pay you $200 to a bank account of your choosing in exchange for the sole and exclusive right to create or use any betting accounts in your name, along with the right to fund those accounts with a Betting Bank Account created in your name for the purposes of betting and transferring capital and profits of betting activities to other Punters Accounts bank accounts. This includes, but is not limited to, making deposits, withdrawing, and betting with online bookmakers.
(b) The distribution of this payment is subject to Punters Accounts’ absolute discretion.
(c) If your ID is insufficient to verify with the bookmaker TAB, the scheduled payment will be cancelled. Punters Accounts will retain the right to use your ID for other bookmakers for the duration of this Agreement.
(d) You are expected to provide reasonable assistance to Punters Accounts throughout the initial process to get your accounts up and running.
(e) If you wish to use some of the betting sites listed in clause 4.1 or your accounts are already promotion-banned, your one-time fee may be reduced. If so, the amount received will be agreed upon in written communication with Punters Accounts.

3 Betting Bank Account

3.1 Account Creation and Usage of Bank Card

You agree to let Punters Accounts use your personal information to set up a Betting Bank Account (the bank account created is at Punters Accounts’ discretion) and to order a debit card linked to your account (sent to either: A) your current residential address or B) a PO Box belonging to agents of Punters Accounts). In the case of option A, you agree to provide images and details of said debit card upon Punters Accounts’ request. The bank used to create the Betting Bank Account is at the sole discretion of Punters Accounts. You agree to:
A) Assist in verifying this bank if verification is required.
B) Allow multiple banks to be created in case the original bank account is locked.

You also agree to allow the creation of a new email and phone number with your personal details for the sole purpose of:
A) Allowing the creation of the Betting Bank Account.
B) Allowing the creation of betting accounts.
C) Facilitating communication on your behalf with the Betting Bank Account.
D) Facilitating communication on your behalf with the created betting accounts.
E) Enabling ease of access and use of these accounts.

3.2 Use of Account

(a) You agree to let Punters Accounts make transactions on your Betting Bank Account in your name for the purposes of betting. This includes, but is not limited to, making deposits to online bookmakers and transferring capital and profits of betting activities to other Punters Accounts bank accounts.
(b) Punters Accounts agrees to use your Betting Bank Account only for the express purpose of betting and transferring capital and profits of betting activities to other Punters Accounts bank accounts. Punters Accounts agrees not to conduct any other transactions in your name or apply for credit or raise funds in your name without your express written permission.

3.3 Ownership of Account Funds

(a) You agree that all funds deposited and withdrawn into your Betting Bank Account are always the property of Punters Accounts and remain the property of Punters Accounts at all times.
(b) You agree that all funds in the Betting Bank Account or your betting accounts are not yours and that you are not authorized to make any transactions on your Betting Bank Account without Punters Accounts’ express permission.
(c) You agree that any funds transferred by you from your Betting Bank Account without permission constitute theft of Punters Accounts’ property. You agree to repay all funds plus any costs incurred by Punters Accounts for the recovery of funds.

4 Betting Accounts

4.1 Account Creation

You agree to let Punters Accounts:
A) Use your personal information to set up betting accounts with all current and future bookmakers licensed in Australia, including but not limited to Bet365, BetEasy, Betfair, Bluebet, PlayUp, Neds, Palmerbet, Pointsbet, Sportsbet, Sportsbetting, TAB, Topsport, Betdogs, Unibet, Vicbet, Ladbrokes, Tabtouch, Bbet, and Sport Champs.
B) Fund these accounts with your Betting Bank Account.
C) Create a new phone number and email address, separate from your current personal phone number/email, using the personal details you provide to create these betting accounts and Betting Bank Account. This is to:

Prevent you from receiving constant marketing messages from these companies.
Facilitate communication on your behalf with these betting companies and the Betting Bank Account company.
Enable ease of access and use of these betting accounts and Betting Bank Account.
Facilitate communication on your behalf to set up any betting accounts or Betting Bank Accounts in your name.
Facilitate communication on your behalf for any support required to operate the betting accounts and Betting Bank Account.
Facilitate communication with the betting accounts and Betting Bank Account regarding withdrawing funds deposited by Punters Accounts to Punters Accounts bank accounts.

4.2 Use of Account

(a) You agree to let Punters Accounts make transactions on your betting accounts and Betting Bank Account, on an ongoing basis, in your name for the purposes of betting and transferring capital and profits of betting activities to other Punters Accounts bank accounts. This includes, but is not limited to, making deposits, withdrawing, and betting with online bookmakers.
(b) Punters Accounts agrees to use your betting accounts and Betting Bank Account only for the express purpose of betting and transferring capital and profits of betting activities to other Punters Accounts bank accounts. Punters Accounts agrees not to conduct any other transactions in your name or engage in any form of money laundering.
(c) Punters Accounts agrees to use the phone number and email created with your personal details (clause 4.1 C) only for the sole and express purpose of betting, creating betting accounts and a Betting Bank Account, and communicating on your behalf with any betting companies or Betting Bank Account companies if needed.
(d) You agree to:

Not use any betting or bank accounts created by Punters Accounts, attempt to access these accounts, or create new accounts under your name for the duration of use by Punters Accounts. Any such actions will be viewed as egregious and will incur immediate action as a direct violation of these Terms and Conditions. If you wish to access these betting or bank accounts, your interest must be communicated in writing to Punters Accounts, with express permission granted by Punters Accounts in writing.
(e) You agree to allow Punters Accounts to contact any betting account companies and Betting Bank Account companies created on your behalf to:
Facilitate communication on your behalf with these betting companies and the Betting Bank Account company.
Enable ease of access and use of these betting accounts and Betting Bank Account.
Facilitate communication on your behalf to set up any betting accounts or Betting Bank Accounts in your name.
Facilitate communication on your behalf for any support required to operate the betting accounts and Betting Bank Account.
Facilitate communication with the betting accounts and Betting Bank Account regarding withdrawing funds deposited by Punters Accounts to Punters Accounts bank accounts.

4.3 Ownership of Account Funds

(a) You agree that all funds deposited and withdrawn into your betting accounts are always the property of Punters Accounts and remain the property of Punters Accounts.
(b) You agree that all funds in the betting accounts are not yours and that you are not authorized to make any transactions on your betting accounts without Punters Accounts’ express permission.
(c) You agree that any funds transferred by you from your betting accounts without permission constitute theft of Punters Accounts’ property. You agree to repay all funds plus any costs incurred by Punters Accounts for the recovery of funds.

5 Information

5.1 Information Provision

You agree to provide all information required to set up a Betting Bank Account and betting accounts. You further agree to provide all information required to satisfy any bookmaker or bank of your identity and to comply with anti-money laundering legislation. In relation to TAB: If TAB requires verification at a physical TAB venue, Punters Accounts may require you to visit a physical TAB venue to verify the account. Failure to comply will incur a deduction of $50 from the original $200 payment (as $200 is paid for all accounts to be verified). If Punters Accounts requires you to engage in further action to set up your accounts, you may be entitled to a one-time payment for your services, subject to Punters Accounts’ discretion.

5.2 Identity Information

To satisfy clause 5.1, you agree to provide all identity information requested by Punters Accounts, including but not limited to:
(a) Your full name, current residential address, phone number, and best email address for contact.
(b) 100 points of ID. Your primary document may be your birth certificate, Australian citizenship certificate, Australian passport, or international passport.
(c) Secondary documents, which may include, but are not limited to, the front and back of your driver’s license, government-issued photo card, utility bills showing your residential address, proof of age card, or electoral roll registration.
(d) A photo of you holding your ID in a selfie to ensure that no third party is submitting your ID information without your consent.

5.3 Use of Information

Punters Accounts agrees to use the information you provide only for the sole purpose of betting. Your information will only be used to create a bank account, betting accounts, meet regulatory requirements, and create a new phone number and email with your personal details to facilitate communication on your behalf with these betting companies (as mentioned in clauses 4.1 C and 4.2 C).

5.4 Storage and Collection of Personal Information

You agree to the following terms and conditions relating to the storage and collection of your personal data:
(a) All personal data is stored in a secure 2FA (two-factor authentication) Google Drive to prevent data breaches (except for privacy breaches occurring on and affecting Google’s servers).
(b) Data is collected on a secure Jotform (https://www.jotform.com/). You agree to Jotform’s privacy policy: https://www.jotform.com/privacy/.

6 Representations and Warranties

6.1 Nature

You represent and warrant that:
(a) You are not a minor and do not suffer from any legal incapacity that affects, or might in the future affect, your ability to execute, deliver, or comply with your obligations under this Agreement.
(b) This Agreement constitutes valid and binding obligations and is enforceable against you by Punters Accounts in accordance with its terms.
(c) The execution, delivery, and compliance with your obligations under this Agreement do not contravene any law, directive from a government body, agreement, or instrument to which you are a party, any of your obligations to any other person, or (if applicable) your constitutional documents.
(d) All information provided to Punters Accounts in relation to this Agreement is correct, complete, and not misleading, and you have disclosed all information relevant to Punters Accounts setting up a bank account and betting accounts.

6.2 General

(a) You acknowledge that Punters Accounts enters into this Agreement in reliance on your representations and warranties.
(b) Each representation and warranty survives the execution of this Agreement and is deemed repeated with reference to the facts and circumstances then existing on each day the Agreement remains in place.

7 Indemnities

Each indemnity in this Agreement is a continuing obligation, separate and independent from the other obligations of the Borrower, and survives the termination of this Agreement.

8 Termination of Agreement

8.1 Termination Rights

All parties to this Agreement retain the right to terminate the Agreement at any time. To exercise this right, a party must communicate their intent to terminate the Agreement to the other party in writing.

8.2 Insufficient Identification

For the avoidance of doubt, if you provide insufficient identification to create a Betting Bank Account or betting accounts, Punters Accounts reserves the right to immediately terminate this Agreement and not pay you any money.

8.3 Post-Termination Obligations

In the event of termination, you agree that:
(a) All funds in any of your betting accounts or Betting Bank Account will be returned to Punters Accounts.
(b) Punters Accounts has two weeks’ access to your betting accounts and Betting Bank Account to allow funds to be returned. This access is extended if any of your betting accounts have restrictions on the ability to withdraw funds.

8.4 Continued Use After Payment

Notwithstanding clause 8.1, if you were paid a one-time fee as described in clause 2.1, then Punters Accounts may use your Betting Bank Account and betting accounts for a minimum of one year unless you repay all payments made to you.

9 Supervening Legislation

Any present or future legislation that operates to lessen or vary in your favor any obligations in connection with this Agreement or to postpone, stay, suspend, or curtail any rights of Punters Accounts under this Agreement is excluded, except to the extent that its exclusion is prohibited or rendered ineffective by law.

10 Amendment

This Agreement may only be amended by written agreement executed by all the Parties.

11 Notices

11.1 Form of Notice

A notice or other communication must be in writing in English and may be:
(a) Delivered personally.
(b) Given by an agent of the sender.
(c) Left at a Party’s current delivery address for notices as set out in this Agreement.
(d) Sent by prepaid mail to a Party’s current postal address for notices as set out in this Agreement.
(e) Sent by email to a Party’s best email contact address. This is assumed to be the email address used for initial correspondence if no Party specifies its preferred email address.

11.2 Receipt of Notice

A notice or communication is taken as having been given when sent via email and acknowledged by the recipient.

12 No Partnership

This Agreement is not intended to create a partnership, joint venture, or agency relationship between the Parties.

13 Assignment

(a) You must not assign or otherwise dispose of any right under this Agreement without the prior written consent of Punters Accounts.
(b) Punters Accounts’ rights under this Agreement are assignable.

14 Waiver or Variation of Rights

(a) A right in your favor under this Agreement or a breach of an obligation under this Agreement can only be waived by an instrument duly executed by Punters Accounts. No other act, omission, or delay by Punters Accounts will constitute a waiver or estoppel against Punters Accounts.
(b) A single or partial exercise or waiver by Punters Accounts of a right relating to this Agreement will not prevent any other exercise of that right or the exercise of any other right.

15 Powers, Rights, and Remedies

Except as expressly stated to the contrary in this Agreement, the powers, rights, and/or remedies of a Party under this Agreement are cumulative and are in addition to any other powers, rights, and remedies of that Party. Nothing in this Agreement merges, extinguishes, postpones, lessens, or otherwise prejudicially affects any power, right, or remedy that a Party may have at any time against the other Party to this Agreement or any other person.

16 Further Assurance

You must, from time to time and in a timely manner, do all things reasonably required by Punters Accounts to give effect to this Agreement.

17 Counterparts

(a) This Agreement may be executed in any number of counterparts, and if so, the counterparts taken together will constitute one and the same Agreement.
(b) The date of this Agreement will be the date you agree to these terms.

18 Entire Agreement and Understanding

In respect of the subject matter of this Agreement:
(a) This Agreement contains the entire understanding between the Parties.
(b) All previous oral and written communications, representations, warranties, or commitments are superseded by this Agreement and do not affect the interpretation or meaning of this Agreement.
(c) Each of the Parties has relied entirely on its own inquiries before entering into this Agreement.

19 Governing Law and Jurisdiction

(a) This Agreement is governed by the laws of New South Wales.
(b) Each Party irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts of New South Wales.