Regulation of the use of financial services such as credit cards and digital wallets for online gambling in Australia, including:
a. the extent of consumer detriment;
b. the level of existing voluntary bans by Australian financial institutions;
c. existing consumer protections;
d. the potential for a mandatory industry code;
e. regulatory approaches used in other relevant jurisdictions;
f. the provisions of the attached draft legislation to amend clause 15C the Interactive Gambling Amendment Act 2017; and
g. any related matters.
Current section
Part 15C; Credit not to be provided to customers of certain interactive wagering services.
(1) A person commits an offence if:
(a) the person intentionally provides a regulated interactive gambling service that is a wagering service; and
(b) either:
(i) the person provides, or offers to provided, credit in connection with the service to a customer, or prospective
customer, of the service who is physically present in Australia; or
(ii) the person facilitates of promotes the provision of credit (other than by way of an independently issued
credit card), by a third person, in connection with the service to a customer, or prospective customer,
of the service who is physically present in Australia.
…
Possible amendments
- At 15C(1)(b)(ii), delete the words “(other than by way of an independently issued credit card)”;
- At 15(C)(1)(b)(ii), after “physically present in Australia” insert “or;”;
- After 15C(1)(b)(ii), insert: “(iii) where the service is provided online, the person accepts credit as a form of payment for the service.
- After 15C(1)(b)(iii), insert “For the avoidance of doubt, 15C(1)(b)(iii) does not apply to debit payments.”