House debates

Thursday, 7 November 2024

Statements by Members

Financial Security

1:42 pm

Jodie Belyea (Dunkley, Australian Labor Party) Share this | Hansard source

Last week, Stephen Jones, the Assistant Treasurer and Minister for Financial Services, delivered an educational scams forum to Dunkley locals. Older Australians are particularly vulnerable to scams. Attendees at the scams forum shared experiences of losing thousands of dollars of their retirement savings, which impacts their livelihood, mental health and wellbeing. Minister Jones shared tips and tricks to mitigate the loss of funds through scams and shared links to support services available to assist. Locals who are wanting to learn more about how to stop scammers can refer to our little black book, which they can obtain from electorate offices around the country.

The Albanese Labor government has been working very hard to ensure the hard-earned savings of older people are protected. We are very aware of the need to do more. To those of you who were at the scams forum last week, I want you to know that Stephen Jones has today introduced the Scams Prevention Framework Bill. This will make Australia the toughest target in the world for the criminal organisations that are scamming billions out of Australia—a world first that we hope will be law by Christmas.

Comments

No comments