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Politics

Lucinda Garbutt-Young

Scam victims to get automatic financial compensation

The government will release frameworks for the banking sector about how they must respond to scams. (Joel Carrett/AAP PHOTOS)

Victims of scams could soon receive automatic compensation under plans from the federal government.

Assistant Treasurer Daniel Mulino said scam victims with verified losses below $3000 will be automatically reimbursed to decrease the cost of investigations.

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