Section 58BA — Competition and Consumer Act 2010 (Cth)

Each regulated entity must comply with the overarching principles of the Scams Prevention Framework.

These principles require each regulated entity to:

(a) document and implement governance arrangements to combat scams; and

(b) take reasonable steps to prevent, detect, report, disrupt and respond to scams.

These requirements are civil penalty provisions. The Commission (in its capacity as the SPF general regulator) will monitor, investigate and enforce compliance with these provisions. Division 6 sets out remedies for non‑compliance with these provisions.

Related sections

• s 58AI — Meaning of actionable scam intelligence
• s 58AJ — Extension to external Territories and outside of Australia
• s 58AK — Acts done by or in relation to agents etc. of regulated entities
• s 58BB — Meaning of reasonable steps
• s 58BC — Simplified outline of this Subdivision
• s 58BD — Documenting and implementing governance policies and procedures—civil penalty provision

Research how courts apply s 58BA

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.