Competition and Consumer Act 2010
58BJTaking reasonable steps to prevent scams from being committed—civil penalty provision
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58BJ 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).