Australia's Scam Laws Under Fire: Calls for Tougher Refund Rules
2025-02-03
NewsWire
Consumer groups are pushing for stricter scam laws in Australia, citing the UK's mandatory five-day reimbursement requirement as a model. Banks in the UK must refund losses of up to £85,000 ($A170,100) promptly, and Aussie consumers want similar protection. With online scams on the rise, the call for tougher refund rules and better consumer protection is gaining momentum. Key areas of focus include cybersecurity, online safety, and financial regulation. As scams continue to evolve, it's essential for Australia to reassess its laws and ensure adequate protection for its citizens.