{"id":22501,"date":"2021-09-10T14:00:59","date_gmt":"2021-09-10T17:00:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22501"},"modified":"2026-04-23T15:46:30","modified_gmt":"2026-04-23T18:46:30","slug":"australian-senators-hear-submissions-on-credit-card-ban","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/australian-senators-hear-submissions-on-credit-card-ban","title":{"rendered":"Australian senators hear submissions on credit card ban"},"content":{"rendered":"\n

Gambling reform groups and financial advisers have appeared in front of Australian senators to request a ban on the use of credit cards for online gambling transactions.<\/p>\n\n\n\n\n\n\n\n

Australia.- The\u00a0Senate committee is preparing to announce its recommendations\u00a0<\/strong>on the use of credit cards for online gambling transactions after hearing submissions from campaigners and advisors. The committee is expected to submit its final report on October 8.\u00a0<\/p>\n\n\n\n

If the Interactive Gambling Amendment (Prohibition on Credit Card Use) Act 2020 is finally approved, Australia could follow the example of the United Kingdom <\/strong>and prohibit the use of credit cards on all forms of online gambling platforms.<\/p>\n\n\n\n

Supporters of the proposed bill said that\u00a0the ban would ensure that problem gamblers in the country will be better protected from gambling-related harm<\/strong>\u00a0because they will not be able to use the money they don\u2019t own and put themselves in debt.<\/p>\n\n\n\n

Lauren Levine, a member of the Australian Financial Consulting<\/strong>, said the use of credit cards may cause significant harm to people who have difficulty controlling gambling, especially in the context of the current Covid-19 pandemic.<\/p>\n\n\n\n

Tabcorp wants banks to be responsible for credit card ban<\/h2>\n\n\n\n

David Attenborough,\u00a0Tabcorp\u2019s CEO<\/strong>, has said the company will grudgingly\u00a0accept plans<\/a>\u00a0to ban credit card gambling in Australia but wants banks to be responsible for enforcing the ban. He argues that the\u00a0financial sector is best placed to implement a ban<\/strong>\u00a0given its infrastructure and the customer data it has available.<\/p>\n\n\n\n

Attenborough said: \u201cI\u2019m not sitting here saying I accept a ban on credit cards for gambling. I\u2019m saying if the committee decides it\u2019s going to ban it, we\u2019re not going to oppose it for online wagering<\/strong>.\u201d<\/p>\n\n\n\n

He said: \u201cIf this is the solution chosen by the committee, we will support it, but the legislation needs to be applied to the financial sector <\/strong>because they are best able to implement this.\u201d<\/p>\n\n\n\n

He added: \u201cIf we got more information from the banks that a card was suspect, we could shut it down. If the banks notified us that this was a problem, we would be able to stop dealing with that problem, but this flow of information doesn\u2019t happen.\u201d<\/p>\n\n\n\n

Tabcorp\u2019s CEO said only 14 per cent of online betting transactions use credit cards<\/strong>. He noted that credit cards can no longer be used credit cards in retail environments like bars, clubs, or racetracks. <\/p>\n\n\n\n

He also noted that the use of credit cards in online wagering with Tabcorp was declining<\/strong> but said that a problem gambler will always find ways of getting around blocks or bans, suggesting that a national regulator is the only way to resolve the issue.<\/p>\n\n\n\n

Australian gambling companies support credit card ban<\/h2>\n\n\n\n

Sports betting operators in Australia have promised to support changes to the\u00a0Interactive Gambling Amendment Act 2017<\/strong>\u00a0to ban credit card spending on online gambling.<\/p>\n\n\n\n

In May, members of\u00a0Responsible Wagering Australia (RWA)<\/strong>, an independent trade advocacy body for\u00a0Australian\u2011licensed wagering providers<\/a>, came out against the proposal. However, companies have now said\u00a0they will develop a technical solution<\/strong>\u00a0to introduce the change.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gambling reform groups and financial advisers have appeared in front of Australian senators to request a ban on the use of credit cards for online gambling transactions.<\/p>\n","protected":false},"author":176,"featured_media":22502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Australian Senate committee is deliberating a proposed ban on credit card use for online gambling, with its final recommendations expected by October 8. While gambling reform groups advocate for the ban to mitigate problem gambling, major operators like Tabcorp and Responsible Wagering Australia, despite initial reservations, now support the measure, with Tabcorp emphasizing that financial institutions are best positioned for enforcement. This regulatory shift would align Australia with the United Kingdom's stance on online gambling payment methods.","focusai_entities":"Australian Financial Consulting, Tabcorp, Responsible Wagering Australia, RWA, Lauren Levine, David Attenborough","focusai_location":"Australia, United Kingdom","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (0.95), affiliate_publisher (0.7), product_ux (0.85), tech_data (0.85), marketing_crm (0.75), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Enforcement Mechanism Clarity","query":"What specific legislative amendments or new regulatory frameworks will be implemented to delineate enforcement responsibilities between iGaming operators and financial institutions regarding the credit card ban?"},{"label":"GGR Impact Assessment","query":"What is the projected impact on Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for Australian licensed wagering providers, considering the 14% credit card transaction volume cited by Tabcorp, and how will operators mitigate potential revenue contraction?"}],"footnotes":""},"categories":[16336,156],"tags":[23911],"class_list":["post-22501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22501"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22501\/revisions"}],"predecessor-version":[{"id":22545,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22501\/revisions\/22545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22502"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}