Scams - Consumer Action Law Centre

ASIC sues HSBC Bank for failure to protect customers from scams

The Australian Securities and Investment Commission (ASIC) has taken strong enforcement action, announcing today that it is suing HSBC Bank for its ‘widespread failures to act honestly, efficiently an...

Government’s Scams Prevention Framework only goes halfway – we need a presumption of reimbursement say consumer advocates

A broad coalition of consumer advocates is calling for the Albanese Government to make one fundamental change to the proposed Scams Prevention Framework (SPF) and put reimbursement at its core, warnin...

Submission: Scams Prevention Framework – exposure draft legislation

This is a joint submission made on behalf of: • Consumer Action Law Centre • CHOICE • The Australian Communications Consumer Action Network • Financial Rights Legal Centre • Super Consumers Austr...

SCAMS Opinion: Let’s leapfrog other jurisdictions with a uniquely Australian reimbursement model

First published on News.com.au 7 October, 2024 By Stephanie Tonkin, CEO Consumer Action Law Centre Today in the UK, new laws have commenced that require banks to repay their customers’ scams los...

Consumer safeguards must be front and centre of new scams framework say consumer advocates

Consumer Action Law Centre, CHOICE, the Australian Communications Consumer Action Network (ACCAN) and Super Consumers Australia, have welcomed the announcement from the Albanese Government of a consul...

REPORT: One year on and ASIC report again reveals banks shirking responsibility when customers have been scammed

A new report published today from the Australian Securities and Investments Commission (ASIC) reveals a “shameful neglect of thousands of banking customers who have been scammed through no fault of th...

AFCA scam complaints ‘off the charts’ while banks fail to reimburse customers

The Australian Financial Complaints Authority (AFCA) received a record number of complaints in 2023-24 after disputes to the ombudsman service increased 9 per cent to more than 105,000 for the year. C...

POLLING: Big majority of Australians say banks should do their job and take responsibility for keeping our money safe

Banks victim-shaming approach ‘immoral’- Tonkin New polling by Essential Media is unequivocal: the vast majority (75%) of Australians expect banks to keep their money safe from criminal scammers, a...

OPINION: The victims of scams should not have to pay

First published in today's Herald Sun, by Stephanie Tonkin, CEO Consumer Action Law Centre I speak to the victims of scams every week and their stories leave me shaken and sad. Often, what’s stolen...

Mandatory codes for scams will work if the Govt can push banks, telcos and big tech companies to lift their game say consumer advocates

Consumer advocates have welcomed the Albanese Government’s plan to set up the legislative framework and push to make the banks, telcos, and digital platforms lift their game to stop scams. The m...

ACCC scam report reveals Australians bearing the losses of a ‘scamdemic’ in a cost-of-living crisis

The huge cost of scams on Australian families in a cost-of-living crisis, is placing an unacceptable burden on a community already doing it tough. That’s the bleak reality of the figures in the Austra...

OPINION: Slam the legal door on scams

By Stephanie Tonkin, CEO Consumer Action Law Centre (published in the Herald Sun, 18 March 2024) Last week, Scamwatch, our national body fighting scams and part of the Australian Competition and Co...

‘Honeypot’ Australia lagging far behind as nations take action on scams

Inaction on scams is creating a ‘perfect storm’ for people living in Australia already under siege in a cost-of-living crisis, exposing the country’s vulnerable banking and communications infrastructu...

Scam victims head to Canberra to tell politicians why banks should be incentivised to stop scams

Tim Watkins, Sarah Gerendasi, James Green, and Nina Merrilees were robbed of thousands of dollars by scammers. They are travelling to Canberra today to share their stories at the launch of the new Par...

Advocates set out crystal-clear path to reimbursement to prevent the billions being lost by Australians to scams

A coalition of advocacy groups, including Consumer Action Law Centre, CHOICE and the Australian Communications Consumer Action Network, have come out forcefully stating that customer reimbursement, pa...

Scams – Mandatory Industry Codes Consultation Paper

Consumer Action Law Centre, CHOICE and the Australian Communications Consumer Action Network have been conducting regular roundtables with scams victims and consumer organisations, to develop our resp...

Scams: Mandatory regulation outline promising but more clarity needed on standards and consumers’ rights to reimbursement

The mandatory Code for Scams consultation paper announced by the Federal Treasury today sets out some proposals to tackle the scams crisis, however the final regulation must land on clearer stipulated...

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