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Online Gambling in Australia Legal, Illegal & Risks Explained

By April 9, 2026No Comments

Variations of a number of CommBank-themed phishing SMS messages are in circulation. This phishing message also attempts to create a false sense of urgency, by suggesting that the link provided is only valid for one day. This email informs recipients that they must update their personal details in order to use their NetBank account, due to the ‘COVID-19 virus’. Do not click on links within the email, or reply to the sender. A number of customers have reported receiving a fraudulent SMS that claims their NetBank access has been restricted. For more details about our KYC processes, visit commbank.com.au/KYCcollect.

Once you complete a task, scammers may ask for your personal information to “process” your earnings. These scams may start with small tasks but can quickly escalate. Sometimes, the money you are asked to move is stolen, and by doing so, you might be helping criminals. Beware of scammers targeting people through messaging platforms such as WhatsApp and Telegram. If you encounter a suspicious message or email with an urgent call to action, remember to Stop, Check, and Reject.

Payroll tax – fringe benefits

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For example, games of chance including baccarat, blackjack, bingo, pokies, and poker aren’t permitted online. Features like deposit limits, reality checks, time-out options, and self-exclusion are always worth considering. Whether you’re backing your favourite AFL or NRL team, following the Ashes, or betting on global soccer leagues, the sites we’ve recommended offer a betting sites premium betting experience.

The email looks as though it comes from the CommBank address email protected and asks the customer to verify account details in order to restore access. We are aware of text messages circulating which contain a link to malicious software. Two CommBank-themed SMS phishing messages are currently targeting customers. The fraudulent message prompts recipients to click on a malicious link within the SMS in order to update their personal details. Any time you need to access NetBank, please use a method already known to get to the authentic site, rather than a link in a message or email. The fraudulent message prompts recipients to click on a malicious link within the SMS in order to restore your Netbank access or message us in the CommBank app.

The majority of Australia’s online betting sites are licensed in the Northern Territory, although some hold multiple licenses. Australians fascination with betting on US sports does not finish at basketball, with online bookmakers reporting increased interest in the NFL, MLB and NHL. Australians truly are spoilt for choice when it comes to betting with online bookmakers, with our regulated industry among the most advanced in the world. They key to securing online bookmaker promotions is being a member, with it more likely you will be sent out offers via email, with some restrictions surrounding targeting non-customers with offers. Both online bookmakers run similar promotions on the NRL, which is another massive sports betting event in Australia, particularly in the northern states. Betfair is the only online betting exchange licensed to operate in Australia, which makes it a must-try for the discerning gambler who wants more options and maximum flexibility.

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These scams often target younger individuals, including international students, and can result in significant financial loss. Once the loan is approved, the scammer uses the victim’s phone to transfer the supposed  “fee”, but instead, they transfer large sums of money out of the victim’s account, often far more than the original loan amount. As part of the process, they gain access to the victim’s banking details.

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Term deposits are considered a safe investment, although you may not earn as much interest from a term deposit as you might by pursuing some alternative investment strategies, such as share trading. Generally this process will be simpler if you’re already an existing customer with the financial institution offering the term deposit that you’re interested in. Applying for a term deposit works in much the same way as applying for a regular bank account.

The interest rate on savings accounts is typically variable, meaning it can change month-to-month based on economic conditions. When the term ends (for example, at the end of its 12-month term), it is said to have reached ‘maturity’. For example, you may be able to opt for the interest to be paid monthly, quarterly, every 12 months or at maturity, depending on the length of your term.

  • These messages are not legitimate CommBank communications.
  • Use PTX Express to manage payroll tax and update details.
  • While Australian can not sign up at these top online bookmakers, they are some of the best available to our international readers.

These games often show artificially high win rates, giving a false impression that real-money gambling is easier than it is. Signing up, depositing money, and placing bets takes only seconds. Online gambling can make it easy to spend more time and money than planned. If a site offers online casino games or real-money pokies it’s an illegal service in Australia. Just because you can access a gambling site doesn’t mean it’s legal.

Remember to carefully check to see how the term deposit rate varies for different term durations, as a longer investment period doesn’t always mean a higher interest rate. Some longer term deposit rates can be lower than mid-term investments. With a term deposit you agree to lock away your money for a set period of time where it will accrue interest at the set interest rate. When a term deposit reaches its end, you can choose to withdraw some or all of your money, or you can roll the funds over into a new term deposit. Savings accounts can often be useful for short-term savings goals, due to the readily available access to funds.

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March 2022 – CommBank themed SMS phishing

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Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a purchase decision. Consider whether this general financial advice is right for your personal circumstances. If you are unsure about any terms used in the comparison table please refer to the glossary.

Is sports betting legal in Australia?

If you received a suspicious message and haven’t clicked on it, you can report it by sending a screenshot or copy to email protected ✘ Share your card details including your PIN, expiry date or CVC Regularly updating passwords and enabling two-factor authentication can further enhance your account security. Upon choosing a product, users are prompted to “Confirm Exchange” and asked to provide their delivery details, which may include email addresses, phone numbers, and physical addresses.

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