The importance of timing when setting up a trade promotion

Time is something we are all lacking and so it is that a competition always needs to be set up at the last minute. In an ideal world this would be possible but not so in the world of competition permits.

Competition prizes

It takes time to organise competition prizes. Many competition prize elements will vary in value over time. Some competition prizes can be purchased before a competition commences but others, such as flights, must be booked in the name of the winner which you won’t know until you draw the competition.

Permits

Permits take time to obtain. Competition permits from South Australian currently take 14 business days to obtain. A competition permit from NSW can take up to 20 business days to obtain for any competition with a prize pool of over $50,000. The other states typically take up to 10 business days to issue a permit.

Do I need a competition permit?

The first question you should answer when setting up a competition is ‘do I need a competition permit.’ If you don’t and you are running a skill based competition then you won’t have to worry about waiting for the state gaming agencies. Permitz Group can draft terms and conditions on your behalf within 48 hours of a request.

Time restrictions when running a competition

There are various timings which you need to build into your terms and conditions. These include the requirement to notify winners in writing within 2 business days of the draw, the requirement to conduct a draw within one month of the close and the requirement to publish winners online for 28 days if you are publishing your winners online.

If you need a hand to answer the question ‘do I need a competition permit’ or ‘when are competition permits required’ please feel free to contact us and we won’t change you for the answer!