Tiktok Correspondence

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

Treasury's Assistant Treasurer invited TikTok to attend a 11 October 2024 speech in Melbourne on the Government's Scams Prevention Framework legislation. The invitation outlined the Framework's key features: mandatory obligations on designated sectors (digital platforms, telecommunications, banking) to prevent, detect, report, disrupt, and respond to scams, with penalties up to $50 million for non-compliance. The Assistant Treasurer noted that scam losses exceeded $3 billion under the previous government but 2024 marked the first year since 2016 with reduced losses following Government measures since 2022. The Framework applies an ecosystem approach targeting sectors where scams originate and where funds are lost.