In Australia, the Interactive Gambling Act (2001) governs the rules and laws about online gambling. This is a national law and that was first enacted in the Australian Parliament on June 28, 2001. The Act targets online gambling operators. And makes it an offence for them to offer ‘real-money’ online interactive gambling to residents in Australia.
That hasn’t done much to stop Australian’s spending big online, with $800 million spent by 2010. Accessing and using interactive gambling services is not an offence in Australia. It is also permitted for companies based in Australia to offer their services to gamblers located outside Australia. The only exception being those countries that were called ‘designated countries’. Australian punters benefit from not having to pay tax on their gambling winners. However, when it comes to online gaming, there aren’t many Australian providers.
Since few are actually based in Australia, there is a foreign transaction fee that some users will have to pay to make a deposit or withdrawal. This is dependent on what kind of banking method you use.
For example, Mastercard and Visa will generally charge a foreign transaction fee. Whereas Skrill, won’t charge one. There is also the issue of currency conversion. As some of the best casinos available might not offer the option to play in the Australian dollar.