In a recent statement by the Interactive Games & Entertainment Association (IGEA), the representative body welcomes the government’s agreement in a recent response to the inquiry into gaming micro-transactions for chance-based items (loot box’s).
The organisation states in a recent press release, “IGEA welcomes the Government’s agreement with the committee that loot boxes are already subject to both state and federal laws and that there is currently insufficient evidence for further regulation. We note the Government’s conclusion that a formal departmental review of loot boxes is not warranted at this time.”
In the response issued by the government, it stated, “The Australian Government takes consumer protection for Australians of all ages seriously. The Australian Government acknowledges these recommendations and will continue to examine regulatory frameworks that apply to loot boxes in video games and will consider appropriate policy responses.”
To read the full list of recommendations, and all follow-up additions to the recent inquiry, read the full government response can be read here.