New scam on the loose

By |

ASIC has issued a warning, saying the industry regulator has received reports of cold-calling scammers pretending to represent the organisation.

Based offshore, the callers claim to be able to assist victims in retrieving money lost in an earlier software scam. They may quote an ABN, claim to also represent Microsoft and in order to receive any funds, recipients are asked to provide access to their computer and complete an online form.

ASIC says anyone who is contacted should simply hang up and contact their bank or financial institution immediately.

ASIC commissioner, Peter Kell says, ASIC suspects that the scam is the latest attempt by fraudsters to obtain victims’ personal details or trick them into paying money.

‘We ask the public to be wary of calls like these and we encourage them to conduct some basic checks before acting on an email or phone call out of the blue’.

Warning signs:

  • You receive a surprise call or email claiming you are entitled to a compensation payment or funds recovered from an earlier scam.
  • The caller or sender pretends to be from a real business, government agency or financial organisation.
  • In order to receive the funds, you are required to pay a fee in advance to cover costs such as ‘administration’ fees, ‘bonds or security deposits’ or ‘outstanding taxes’.
  • The scammer will request payment via a money transfer service or your personal or banking information.

You can report scams via the report a scam page on SCAMwatch or by calling ASIC on 1300 300 630.

Do you have more than $120k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : eagle vale , redcliffe , menai , lockridge , newcastle

go back

Get help financing your investment



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here