Australia politics live: Labor spruiks plan for automatic $3,000 compensation payment to scam victims

Financial services minister says it would mean banks and telcos would focus dispute resolution processes on bigger scams. Follow updates liveGet our breaking news email, free app or daily news podcastScams come in all shapes and sizes (and none of them are nice), and the government is considering creating rules that would force banks, telcos and digital platforms to automatically reimburse victims of smaller scams of up to $3,000.Labor is considering a range of options as part of a scam protection framework.For smaller losses, $3,000 and under, what we’re proposing is that there should be automatic payment to consumers where