Late last year, legislation was passed by the Australian Parliament to amend the Interactive Gambling Act 2001, bringing online gambling into line with land-based gambling by banning the use of credit cards.
Following a six-month transition period, the ban has now come into force. Any company that fails to comply with the regulation – ban on credit cards, credit-related products and digital currencies – may be subject to fines of up to A$234,750.
The new laws have also expanded the powers of the Australian Communications and Media Authority to ensure enforcement of the new and existing civil penalty provisions.
Communications Minister, Michelle Rowland, commented: “Australians should not be gambling with money they do not have. Last year, the Albanese Labor Government committed to banning credit cards for online wagering – and we’ve delivered.
“This ban build..
