New Bunnings scam warning
ASIC have recently issued the new scam warning regarding Bunnings and issuing of investment bonds.
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The scam targets people through fake websites and direct spam emails, posing as a responsible entity or brokers, including Bunnings hyperlinks and branding. However, Bunnings does not offer bonds or any other investment products. Legitimate bonds are traded through licensed financial institutions, not retailers.
This highlights the points to remember to avoid falling victim to scams like this one. The three key steps: stop, check and protect:
- Stop and think before acting.
- Check if the investment is legitimate and if the person or entity offering it is licensed or authorised to do so.
- Protect yourself by acting quickly if something feels wrong: contact your bank to stop any transactions and report any suspicious activity to Scamwatch.
To report a scam or find more information about scams, visit the National Anti-Scam Centre’s Scamwatch website at www.scamwatch.gov.au.
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April - June 2025 archive
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- 6 ways to improve your business plan
- Benchmarks for small business
- Beware the early lodgment tax trap, CPA Australia warns
- Tax lawyer flags compliance traps with family trusts
- Superannuation on paid parental leave from 1 July 2025
- Tax Time Checklists Individuals; Company; Trust; Partnership; and Super Funds
- Comparison of various Animal Weights
- 2025 Tax Planning Guide Part 2
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- SME confidence and conditions see uptick over Q1 2025, survey reveals
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- Buy a business
- Upskilling and self-education costs
- How secure is your super account?
- Freshwater Resources by Country 2025
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- $20,000 instant asset write-off
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- New Bunnings scam warning
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