Document ID: chunk:federal_register_of_legislation:C2025A00015:clause:1_58ai
Version: federal_register_of_legislation:C2025A00015
Segment Type: clause
Provision Reference: sch 1 cl 58AI
Character Range: 15871–16891

58AI  Meaning of actionable scam intelligence
  A regulated entity identifies or has actionable scam intelligence if (and when) there are reasonable grounds for the entity to suspect that a communication, transaction or other activity relating to, connected with, or using a regulated service of the entity is a scam.
Note 1: Whether there are reasonable grounds for such a suspicion is an objective test. Relevant information for this test may include:
(a) information about the mechanism or identifier being used to scam SPF consumers, such as URLs, email addresses, phone numbers, social media profiles, digital wallets and bank account information of the scam promotors; and
(b) information about the suspected scammer; and
(c) information (including complaints) provided by SPF consumers.
Note 2: Gathering and reporting this information will minimise the harm from scams (see SPF principles 4 and 5 in Subdivisions E and F of Division 2).

Subdivision D—Extension to external Territories and outside of Australia