Section 58CA — Competition and Consumer Act 2010: Simplified outline of this Division

The Minister may make a code for each regulated sector. Each code is to include sector-specific provisions for the following overarching principles of the Scams Prevention Framework (see Subdivisions B, C, D, F and G of Division 2): (a) SPF principle 1—governance; (b) SPF principle 2—prevent; (c) SPF principle 3—detect; (d) SPF principle 5—disrupt; (e) SPF principle 6—respond. Requirements in a code can be civil penalty provisions. The relevant SPF sector regulator will monitor, investigate and enforce compliance with these provisions. Division 6 sets out remedies for non-compliance with these provisions.