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The federal government is promising a faster response to reports of consumer fraud with the establishment of a $58 million National Anti-Scam Centre (NASC).
Stephen Jones, the Assistant Treasurer and Minister for Financial Services, said Australians lost more than $3 billion to scams in 2022 alone, and scam losses have increased nearly five‑fold since 2020. The average loss from a scam is around $20,000.
The NASC will be phased in from 1 July 2023, with capability, including data-sharing technology, to be built over the next three years.
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