Anne Stanley MP

Government Whip

Member for Werriwa

Scam Losses Drop By 43% Under the Albanese Labor Government

The Albanese government is working hard to protect Australians across Werriwa as scam losses significantly fall as a result of our fight against scammers.

On Tuesday, the Assistant Treasurer released a new report by the Australian Competition and Consumer Commission (ACCC) showing the Albanese Government’s plan to crackdown on scammers is working.

This will be welcome news for the people of Werriwa who have no doubt experienced the persistent calls, texts, and social media accounts attempting to scam them out of money.

The National Anti-Scam Centre’s second quarterly report shows scam losses in October to December 2023 have almost halved compared to the same period in 2022.

Before the Albanese Government came to office, Australians were losing over $3 billion a year to scams. Of particular concern, scam losses had doubled and doubled again in the space of 3 years.

That trend has now flipped, with scam losses from October to December 2023 reduced by 43% from the same quarter in 2022.

This comes after the Government implemented its election commitment to crack down on scammers by investing $86.5 million in last year’s Budget, which included establishing the National Anti-Scam Centre.

The National Anti-Scam Centre is a world leading partnership between government, law enforcement and the private sector that uses cutting edge technology to disrupt scams before they reach consumers. The National Anti-Scam Centre also focusses on raising community awareness to help arm people with tips and tools to help protect them from scammers.

Quotes attributable to the Member for Werriwa, Ms Anne Stanley MP:

“On the back of the recent Werriwa scams information forum, the latest data shows the government’s decisive action is protecting Australians.

“Every day, scammers are ripping money out of the pockets of hard-working Australians. The Government is fighting back.”

“If an offer seems too good to be true or suspicious, it probably is.”

Media Contact:

Anne Stanley MP (Alaa Ahmad):

PH: (02) 8783 0977