A blanket permit may be the answer for a company wishing to run a number of promotions over a period of time as distinct from a single trade promotion permit obtained from the various state regulators.
The two most significant benefits of having a blanket permit are: 1) they can be cheaper and 2) they allow for greater flexibility over that given by a single competition permit.
Flexibility is given as you do not need to apply for a single competition permit, specifying the dates, prizes and conditions of entry when you have a blanket. You can simply use the approved terms and make those adjustments. The permit number you have for the competition will remain the same. In NSW a ‘blanket’ competition permit will start with LTPM as opposed to LTPS.
There are a number of restrictions in running competitions under a blanket, i.e. a blanket competition permit will not work in all situations.
If you are looking at running a number of competitions over 12 months and:
- a. Cap the value of each prize at $1,000 or less;
- b. Give away less than $100,000 over the life of the blanket;
- c. Give away less than $5,000 in each draw; and
- d. Are able to keep records of each prize given away, the winners details and the promotion details.
Then a blanket permit may be the answer. Give us a call or drop us an email if you would like to learn more and discuss if a single competition permit or a blanket permit is the answer for you.