Submission - Joint submission to the 2007 Review of the Electronic Funds Transfer (EFT) Code of Conduct to ASIC (May 2007)

Q13 – Should cl 4.1(a) be revised to allow users to ‘opt-in’ to receive a receipt?

Consumers are likely to accept that this is an area where the EFT Code can be made more flexible to reflect the practical realities facing financial institutions across a growing number of delivery channels. The opt-in model proposed in the consultation paper appears suitable.