Scams Prevention Framework Bill 2024

The majority voted against amendments introduced by Wentworth MP Allegra Spender (Independent), which means they did not succeed.

Amendment text

(1) Schedule 1, item 1, page 13 (after line 24), after the paragraph beginning "The entity must keep" in section 58BC, insert:

The entity must publish information about scams detected, reported and responded to.

(2) Schedule 1, item 1, page 16 (after line 4), after section 58BG, insert:

58BGA Publishing information about scams detected, reported and responded to — civil penalty provision

(1) A regulated entity for a regulated sector contravenes this subsection if the entity fails to publish the following information on a publicly available website:

(a) the prevention, detection and disruption of scams over the last 3 month period (the reporting period);

(b) the response to scams over the last 3 month period (the reporting period);

(c) reports relating to scams over the last 3 month period (the reporting period);

within the period provided under subsection (2) and in accordance with the requirements under subsection (3).

(2) For the purposes of subsection (1), the period is within 30 days of the end of the reporting period.

(3) For the purposes of subsection (1), the information must:

(a) be in the form required by the SPF rules; and

(b) contain the details required by the SPF rules.

(4) Subsection (1) is a civil penalty provision.

Note: This means subsection (1) is a civil penalty provision of an SPF principle for the purposes of section 58FJ (about civil penalties).