On February 13, 2025, Australia passed legislation implementing its Scams Prevention Framework (SPF) aimed at protecting Australian consumers from scams. The design of the SPF was informed by a previous consultation which ran from November 30, 2023 to January 29, 2024 (please see our latest regulatory developments in Australia blog post for further information on this).
The Australian Treasury recognised in its November 2024 consultation on the SPF that a whole-of-ecosystem approach was required to reduce gaps which can be exploited by scammers, and that everyone, including industry, Government, and consumers, have a role to play to combat scams.
Please see full publication below for more information.
