Under the new laws, telecommunications companies, social media and banks could face fines of up to $50m
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Companies could face fines of up to $50m for failing to prevent scams and may be forced to compensate victims under new laws the Albanese government says would give Australians the strongest anti-scammer protection in the world.
The government will introduce legislation to federal parliament on Thursday to establish its long-awaited “scams prevention framework”.
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