Combat scams and online fraud.
The Government will provide $86.5 million over 4 years from 2023-24 to combat scams and online fraud. Funding includes:
* $58.0 million over 3 years from 2023-24 to establish the National Anti-Scam Centre within the Australian Competition and Consumer Commission to improve scam data sharing across government and the private sector and to establish public-private sector Fusion Cells to target specific scam issues
* $17.6 million over 4 years from 2023-24 (and $4.4 million per year ongoing) for the Australian Securities and Investments Commission (ASIC) to identify and take down phishing websites and other websites which promote investment scams, to be cost recovered through levies under ASIC's industry funding model
* $10.9 million over 4 years from 2023-24 (and $2.2 million per year ongoing) to the Australian Communications and Media Authority and the Department of Infrastructure, Transport, Regional Development, Communications and the Arts to establish and enforce an SMS sender ID registry to impede scammers seeking to spoof industry and government brand names in message headers. Partial funding for this measure will be held in the Contingency Reserve pending further development of ICT system requirements for the National Anti-Scam Centre. This measure builds on the 2022-23 October Budget measure titled Fighting Online Scams.