Section 58BJ — Competition and Consumer Act 2010: Taking reasonable steps to prevent scams from being committed—civil penalty provision

(1) A regulated entity contravenes this subsection if the entity fails to take reasonable steps to prevent another person from committing a scam relating to, connected with, or using a regulated service of the entity. Note: Sections 58GA to 58GC extend the meaning of person for partnerships, unincorporated associations and trusts. (2) Subsection (1) is a civil penalty provision. Note: This means subsection (1) is a civil penalty provision of an SPF principle for the purposes of section 58FJ (about civil penalties).