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The National Anti-Scam Centre will organise its first fusion cell to combat the growing problem, which is costing Australians more than $1 billion a year.

A fusion cell is a time-limited task force designed to bring together expertise from government and the private sector to take timely action to address specific, urgent problems.

The National Anti-Scam’s Centre will set up an investment scam fusion cell initially for six months to identify methods for disrupting investment scams to minimise scam losses.

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