Luke Howarth (Petrie, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

I have a few final questions. This is the minister's bill, so I'm giving him plenty of opportunity to talk on it, and I appreciate what he's done. Stakeholders have raised concerns about the significant civil penalties that apply in relation to the framework. Can the minister outline how the penalty regime will operate? What are tier 1 and tier 2 penalties? What are the maximum penalties? How will a civil penalty be determined using the various calculation methods? Does the minister think the maximum civil penalties are proportionate? Has the minister considered stakeholder recommendations that civil penalties only apply to serious or systematic breaches? What are the other consequences for a breach? What other enforcement tools are available to the ACCC? How will the Scams Prevention Framework and external dispute resolution interact with the existing ePayments Code rules in relation to unauthorised payments? Which code will have priority? What will the transitional period be for compliance and being subject to a civil penalty once a sector designation is made? Will there be a time limit for making a complaint to AFCA?

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