The Conversation

Could a recent ruling change the game for scam victims? Here’s why the banks will be watching closely

Meteoritka/ShutterstockIn Australia, it’s scam victims who foot the bill for the overwhelming majority of the money lost to scams each year.

A 2023 review by the Australian Securities and Investments Commission (ASIC) found banks detected and stopped only a small proportion of scams. The total amount banks paid in compensation paled in comparison to total losses.

Can NZ’s supply chain build enough resilience and sustainability to survive the next global crisis?

New Zealand is highly reliant on trade – particularly on maritime routes, which are lifelines for exports and imports. Key sectors such as agriculture, construction, and wholesale and retail trade depend heavily on this global network.

External events can severely disrupt the flow of goods, delay deliveries or damage critical infrastructure.

But a crisis like the COVID pandemic can also disrupt business commitments to sustainability goals such as reducing carbon emissions, minimising waste and improving resource efficiency.

Pages

Subscribe to The Conversation