Using illegal gambling sites means no protection under Australian law. Offshore gambling operators are not allowed to offer services to Australians. It must be on the register of licensed interactive gambling providers to betting sites operate in Australia.
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.
The interest rates you’re offered on a term deposit can vary depending on the provider, the amount you’re investing and the length of term you’re considering. You may, however, be offered a different interest rate if you choose to rollover the funds into a new term deposit. You can use Canstar’s term deposit calculator to get an idea of how much interest you can expect on your term deposit, based on the amount you invest, the term length, and the interest rate.
Find out more about how to stay safe online
You can report the website and link to the Australian Communications and Media Authority (ACMA) by completing this interactive gambling complaint form. If you see a fake online gambling website advertised on social media report the page. Find out more about fake online gambling on the Australian Communications and Media Authority (ACMA) website at protect yourself from illegal gambling operators.
- It has come to light that scammers are using the Optus data breach to scare and scam customers.
- At KRUZEY, our job is to explain how things have changed, what’s legal today, and where you can still find safe, licensed betting sites in Australia.
- Our advice is to make use of the responsible gambling tools provided by the top bookies, such as deposit limits, loss limits and session limits.
- Law firms and licensed conveyancers can now complete sale, purchase and stamp duty transactions online with greater transparency, confidence and control.
What are you really gambling with?
The recent Optus data breach may leave you at a heightened risk of being the target of scams – regardless of whether your personal data was lost in the breach or not. You can validate the authenticity of any investment product offered by CommBank by contacting us directly through our official phone numbers, a full list of which is provided on our Contact Us page. Scammers are using these articles to lure people into completing a survey and/or asking individuals to register themselves for an investment scheme. They all include a link to review a transaction or dispute, and create an urgency to follow it. To attract potential victims, the scammers have created fake price-comparison websites, offering to provide investors with information on the best rates for various products. You can validate the authenticity of any investment product offered by Commonwealth Bank by contacting us directly through our official phone numbers, a full list of which is provided on our Contact us page.
We’ll also never ask you to transfer money, download software or get you to login via a link sent through email or SMS. Both business and retail customers are currently receiving calls from scammers (often with UK/British accents) claiming to be Commonwealth Bank staff. If you are ever unsure as to a communication’s authenticity, utilise one of the methods shown on /contactus to call a CommBank number you know to be legitimate in order to speak with us. They’ll show you fake returns on your investment, then ask for more money, often through cryptocurrency. The scammers often claim you can make between $ $5000 a day from an investment of $350.
If you receive a message like this, don’t click any links or share your personal information. We’ve seen an increase in scams where scammers claim to be from a government organisation and/or the police and advise victims that they’ve been involved in illegal activity such as money laundering. If you receive a message claiming to be from a postal delivery service requesting you click on a link for an undelivered package or to rearrange delivery, do not click on any links and delete the text. The scammers advise that AUSTRAC will put a hold on their account and asks them to transfer their money into another account for ‘safe-keeping’.
These fraudulent communications inform recipients that their NetBank has been, or will be, stopped or restricted if they fail to login by clicking on a malicious link within the email and updating their details. The messages claim the recipient needs to take action to put a stop to suspicious activity or investigate further. A number of CommBank-themed phishing messages are currently in circulation. It has come to light that scammers are using the Optus data breach to scare and scam customers. CommBank urges you to please Stop, Check and Reject if it is not legitimate, when considering any investment opportunity. Furthermore, these scams often require urgent payments to be made to third party accounts.
Potential investors who leave their personal details on the site are liable to receive a call from the scammers. A number of CommBank-themed phishing messages are currently in circulation that specifically target our CommBiz service. These fraudulent communications urge recipients to click on a link by informing them of unusual or unexpected activity on their accounts, such as unexpected logins, registered devices, Netcodes, and payments. You can also review our investment scams information to learn more about recognising these scams.
The best online bookmakers in Australia have got betting markets on everything from domestic sports and racing events, right through to international fixtures and tournaments. If you think you or someone you care about may need financial help with staying in control of their gambling spend, discover how we can help. You can find more details about fake gambling websites, including a list of blocked sites, on the ACMA website at protect yourself from illegal gambling operators.
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.
You can claim money listed under your name in the register. Learn about unclaimed money and how to claim or lodge it. Law firms and licensed conveyancers can now complete sale, purchase and stamp duty transactions online with greater transparency, confidence and control.
Some scams even have manipulated or deepfake videos featuring well-known figures to falsely endorse these groups and add credibility to the scam. Individuals are being targeted through social media ads that encourage them to join messaging groups, such as WhatsApp, where they are subsequently pressured into engaging with fraudulent investment schemes. These campaigns involve fake social media profiles that promote fraudulent investment schemes through sponsored ads on platforms such as Facebook, Instagram and TikTok. We are aware of widespread social media campaigns impersonating CommSec and its employees, including well known investment and economic personalities.