Financial services minister says it would mean banks and telcos would focus dispute resolution processes on bigger scams. Follow updates live
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Scams come in all shapes and sizes (and none of them are nice), and the government is considering creating rules that would force banks, telcos and digital platforms to automatically reimburse victims of smaller scams of up to $3,000.
Labor is considering a range of options as part of a scam protection framework.
For smaller losses, $3,000 and under, what we’re proposing is that there should be automatic payment to consumers where they can verify that there has been a scam.
Scams that get into the six figures: some investment scams, some romance scams. And that’s where dispute resolution processes would come into play.
What we want to do is to make sure that we don’t have the wrong incentives for perpetrators to see Australia as a soft target. But the balance is that with very small claims we don’t want to have processes that are completely disproportionate to the value of the sum in dispute.
Taxpayer funds should never be used for private business, nor were they in this case.
When we’re undertaking whether it be community engagement, media engagement, stakeholder meetings, you know, assisting colleagues, there are arrangements in place to assist us to do that work that is right and appropriate, and it is not right and appropriate to bill the taxpayer, as you say, for personal activities. And I did not do that.
Yep.
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Source link : https://www.theguardian.com/australia-news/live/2026/may/28/australia-politics-live-rishworth-jobseeker-capital-gains-tax-jim-chalmers-anthony-albanese-angus-taylor-question-time-senate-estimates-ntwnfb
Author : Krishani Dhanji
Publish date : 2026-05-27 22:27:00
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