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The Australian Government has announced an $86.5 million package to combat scams and online fraud, headlined by the establishment of a cutting-edge National Anti-Scams Centre (NASC).1
The initiative, announced in the May Federal Budget, comes off the back of the Australian Competition and Consumer Commission (ACCC) Targeting Scams report, which revealed scammers reportedly stole more than $3 billion from Australians in 2022, with each victim losing an average of $20,000.
The ACCC will manage the NASC, which will be the Government’s primary weapon to detect, disrupt and deter scammers and tackle online fraud. The NASC will:
Australian Retirement Trust prioritises the security of your super account. We have taken extra steps to safeguard you from identity theft. Here’s what we do to protect you:
Most importantly, we’ll never ask you for your login details. If anyone contacts you and asks for your super account or MyGov login details, do not share them.
Protect yourself from identify fraud.
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We care about your super safety and have security measures to protect your account. Together, we can prevent fraud and safeguard your super. Learn about passphrase and password security and how to spot scams. If you have any questions or concerns, you can always contact us.
1. Treasury Media Release, 15 May 2023, Fighting back against scammer scourge,
Accessed 19 May 2023
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