5 December 2019
Today the Australian Banking Association has released a consultation paper on the use of credit cards for gambling.
Banks have introduced a range of initiatives to help customers better manage their financial arrangements and mitigate harms related to problem gambling – technology solutions such as tools to help customers track their spending, customer directed blocks, trained customer support teams, referrals to support services.
The ABA is seeking views from the public on the place of a credit card and its use for gambling. Currently credit cards can be used when gambling online, however when in a gambling venue of a licenced venue or casino patrons cannot use credit cards or make ATM cash advance on their credit card.
CEO of the Australian Banking Association Anna Bligh said that banks had an important role to play in helping tackle the issue of problem gambling and were seeking feedback from the community.
“For many Australians gambling is a form of entertainment and recreation, however for some it can become a problem that potentially has devastating consequence for the individual and their family,” Ms Bligh said.
“As an industry we are currently assessing a number of options to help tackle problem gambling.
“We are seeking feedback across the community on a number of important questions, which will then help banks as they each consider further reform on this issue,” she said.
The ABA is seeking community views on the following questions:
- What are the risks and concerns associated with gambling with credit cards?
- Should the use of credit cards for gambling be restricted or prohibited?
- If so, should the restriction or prohibition apply to all forms of gambling?
- What are the potential consequences of prohibiting or restricting the use of credit cards for gambling?
- Should there be a transition period if banks choose to implement changes relating to credit cards?
For a copy of the consultation paper click here. Submissions on the topic are due by March 4, 2020. Submissions can be emailed to [email protected]. The ABA requests that submissions make use of empirical evidence as far as possible. A survey option is also available on the ABA website here.
ENDS
Contact: Rory Grant 0475 741 007
Where credit cards can be used for gambling
| Current state (based on current regulatory requirements) | |
| Online and betting apps (facilitated by Tabcorp and Responsible Wagering Australia members) | Credit cards – Yes In February 2018 the Federal Government prohibited online gambling operators from offering credit to gamblers as part of the National Consumer Protection Framework for Online Wagering |
| Poker machines (in clubs and licensed venues) | No credit cards or access to cash advances through ATMS in gambling areas (see appendix 1 for details) |
| Casinos | No |
| High roller rooms in casinos | Casinos extend lines of credit from their own credit facilities to their customers in VIP rooms, but they do not provide credit cards in those areas |
| On-track – horse racing and greyhound racing | No credit cards or access to cash advances through ATMS in venue |
| Lottery tickets/online and in-venue | Credit cards – Yes |
| TAB outlets | Credit cards – No |
Latest news
We write on behalf of the undersigned Alliance of Industry Associations to raise a growing concern aboutgovernment’s inadequate consultation on recent complex legislative and regulatory reforms. We represent 30groups from across the economy including small, medium and large businesses, farmers, builders, retailers,universities and tax and accounting professionals. Our organisations support genuine and timely consultation as… Read more »
The ABA welcomes the release of the Federal Government’s response to the Parliamentary Joint Committee on Corporations and Financial Services’ inquiry into financial abuse, released today. ABA CEO Simon Birmingham acknowledged the important work of the committee as well as the Government’s response and said banks were committed to protecting customers from the scourge of… Read more »
E&OERadio InterviewInterview ABC Statewide Drive Victoria9 October 2026 Topics: Regional banking Jane Nield: Well, do you still have a bank branch in your local area? If you’re one of the more than 600 regional locations nationwide that have lost a bank in the last few years, did it have a big impact? So often, it… Read more »