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ARTICLE · 17 OCTOBER 2008

ASIC´s Proposals To Amend The EFT Code – Consultation Paper Released

Norton Rose Fulbright Australia
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On 3 October 2008, the Australian Securities and Investments Commission (ASIC) released its Consultation Paper 90 "Review of the Electronic Funds Transfer Code of Conduct 2007/08: ASIC proposals". The consultation paper proposes to make amendments to the Electronic Funds Transfer Code of Conduct (EFT Code).

AustraliaCorporate/Commercial Law
Alison Deitz
Alison Deitz
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On 3 October 2008, the Australian Securities and Investments Commission (ASIC) released its Consultation Paper 90 "Review of the Electronic Funds Transfer Code of Conduct 2007/08: ASIC proposals". The consultation paper proposes to make amendments to the Electronic Funds Transfer Code of Conduct (EFT Code).

Submissions to the Consultation Paper 90

ASIC is currently reviewing the EFT Code and invites submissions to the proposals in the paper. The proposals are only an indication of the approach that ASIC may take and are not ASIC's final policy. Submissions are due by 5 December 2008. A copy of the consultation paper can be obtained from ASIC's website at: www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/CP-90-Review-of-Electronic-Funds-Transfer-Code-v1.pdf/$file/CP-90-Review-of-Electronic-Funds-Transfer-Code-v1.pdf

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