The Treasury has issued a consultation paper as part of the government’s process of developing a policy on tackling internet scams.
In the paper, the Treasury and the Department of Communications say:
“The government has committed to introduce new mandatory industry codes to outline the responsibilities of the private sector in relation to scam activity, with a focus on banks, digital communications platforms and telecommunications providers.
“Treasury and the Department of Infrastructure, Transport, Regional Development, Communications and the Arts (DITRDCA) are seeking feedback on the proposed features of the Scams Code Framework outlined in the discussion paper, which would introduce obligations for these key sectors to combat scams.”
