From jws.com.au: The Scams Prevention Framework Act 2025 introduces new obligations for Australian businesses in banking, telecommunications, and digital platforms to prevent, detect, and respond to scams.

Regulated entities must implement governance policies, maintain consumer reporting processes, and comply with sector-specific codes and rules while facing a two-tier penalty system for contraventions.

The framework is designed to be adaptable and will expand to include additional high-risk sectors as identified by the government.