Home Blog World News Australia politics live: Labor spruiks plan for automatic $3,000 compensation payment to scam victims | Australia news
Australia politics live: Labor spruiks plan for automatic $3,000 compensation payment to scam victims | Australia news

Australia politics live: Labor spruiks plan for automatic $3,000 compensation payment to scam victims | Australia news


Government considers automatic reimbursement for scams under $3,000

Scams come in all shapes and sizes (and none of them are nice), and the government is considering creating rules that would force banks, telcos and digital platforms to automatically reimburse victims of smaller scams of up to $3,000.

Labor is considering a range of options as part of a scam protection framework.

The financial services minister, Daniel Mulino, is out and about this morning spruiking the idea.

He tells the ABC’s AM program it would mean that banks and telcos would focus their dispute resolution processes on bigger scams.

double quotation markFor smaller losses, $3,000 and under, what we’re proposing is that there should be automatic payment to consumers where they can verify that there has been a scam.

Scams that get into the six figures: some investment scams, some romance scams. And that’s where dispute resolution processes would come into play.

Host Melissa Clark asks why the automatic payment threshold isn’t higher – she says other countries like the UK have theirs set closer to £48,000. Mulino says the government doesn’t want to incentivise bigger scams.

double quotation markWhat we want to do is to make sure that we don’t have the wrong incentives for perpetrators to see Australia as a soft target. But the balance is that with very small claims we don’t want to have processes that are completely disproportionate to the value of the sum in dispute.

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Updated at 23.15 BST

Key events

Labor pushed on truth commission for First Nations people

Malarndirri McCarthy says the Uluru statement from the heart is “important” to the government, but won’t give any indication of when it will act on truth telling.

The statement, which was committed to in full by the government, includes “the voice, treaty and truth”. The government failed to gain national consensus when it put a referendum to the public to establish a voice to Parliament.

Yesterday, the former Victorian Yoorrook justice commissioner, Travis Lovett, arrived at Parliament after a 500km, 38-day walk from Victoria, urging the prime minister for a truth telling commission.

The minister for Indigenous Australians tells ABC News Breakfast:

double quotation markWe said that with the Uluru Statement from the Heart there were three principles, the voice, treaty and truth. And I know that that has been important for us. It was disappointing with the outcome of the Voice. But we moved on from that.

And clearly there are many other issues that are going on with the states. Victoria, in particular, has had a treaty process, a Yoorrook commission, which Travis Lovett was a commissioner on that commission.



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