New laws banning the use of credit cards for online gambling are set to be rolled out nationwide following the passing of the Federal Governments Interactive Gambling Act 2001 Bill yesterday evening.
The Australian Banking Association (ABA) has welcomed this milestone saying the new laws will make it illegal for an online gambling company to accept a credit card online.
Credit cards were banned for gambling in hotels, clubs, casinos and TAB outlets by state and territory governments in the early 2000s but can currently still be used for online gambling.
These new laws will overturn the absurd reality of someone not being able to use a credit card at the betting counter at a TAB outlet or pub but still being able to sit at the same outl…
Read the full article at: https://www.nationaltribune.com.au/banks-welcome-online-gambling-credit-card-ban/