Scams Prevention Framework
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This is a ministerial submission (MS24-001441) dated 19 August 2024 seeking the Assistant Treasurer's sign-off on a joint letter to the Prime Minister requesting approval for the Scams Code Framework. The key policy recommendation is prescribing the Australian Financial Complaints Authority (AFCA) as the single external dispute resolution scheme for three initial sectors under the Framework. Prime Minister approval was required by 30 August 2024 to enable exposure draft legislation consultation to commence in September 2024 and meet Spring sitting introduction timeframes. The submission indicates Treasury and the Minister for Communications' offices had previously aligned on making AFCA the single EDR scheme and on a streamlined legislative approach for the telecommunications code. No quantitative findings, cost estimates, or internal disagreements are disclosed in this excerpt.
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