{"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":"2021-09-10T14:03:40","modified_gmt":"2021-09-10T17:03:40","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,"footnotes":""},"categories":[16336,156],"tags":[23911],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22501"}],"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}]}}