CTHIn ForceAct
Competition and Consumer Act 2010
58BLSimplified outline of this Subdivision
Start here
Get a plain-English read of 58BL
Turn the raw legal text into a practical explanation grounded in Competition and Consumer Act 2010.
58BL Simplified outline of this Subdivision
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.