Statute
Section 58BL — Competition and Consumer Act 2010: Simplified outline of this Subdivision
Text of the provision Official document
Each regulated entity for a regulated sector must take reasonable steps to detect scams. This includes: (a) investigating, in a timely way, activities that are the subjects of its actionable scam intelligence; and (b) identifying, in a timely way, its consumers that have or may have been impacted by such activities. The SPF code for the sector may include sector-specific provisions for this principle.
Official source: Federal Register of Legislation
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