Scam Alert

Australian Government Bond Investment Scam

There have been a number of imposter Australian Government Bond investment offers targeting people looking to invest their money in bonds. A person who deals in bonds and other financial products must hold an Australian Financial Services License that authorises them to carry out these activities. The Australian Securities Investment Commission (ASIC) has issued a warning regarding these scams and how to protect yourself (see ASIC’s warning). ASIC has also issued a warning following increased reports of stolen shares due to identity theft (see ASIC’s Investor Alert). This warning includes ways for investors to be vigilant and act if something appears suspicious.

If you believe you are a victim of a scam, report it to ASIC. You can also make a report to the Australian Cyber Security Centre at Report Cyber.