Scams Prevention Framework Penalties
Definition
Penalties for failure to conduct mandatory scam risk assessments and reporting within 24-hour windows under Scams Prevention Framework Bill 2025.
Key Findings
- Financial Impact: AUD $50 million maximum penalty per non-compliance instance
- Frequency: Per unreported scam incident or missed 24-hour reporting deadline
- Root Cause: Manual scam risk assessment and reporting workflows cannot consistently meet 24-hour deadline; gaps in incident tracking systems
Why This Matters
The Pitch: Australian financial and telecom sectors face penalties up to AUD $50 million for non-compliance with 24-hour scam reporting requirements. Automated compliance verification ensures deadline adherence and eliminates financial exposure.
Affected Stakeholders
Compliance Managers, Risk Officers, Fraud Prevention Teams
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Cyber Incident Reporting Non-Compliance
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Delayed Invoicing from ARR Forecast Disputes
Churn Risk from Inaccurate ARR Guidance to Sales
Partner Commission Miscalculation Penalties
STP Phase 2 Non-Compliance for Commissions
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