Submission - Joint submission to the 2007 Review of the Electronic Funds Transfer (EFT) Code of Conduct to ASIC (May 2007)
Q17 – Is there duplication or inconsistency between Part A of the EFT Code and the requirements of the Corporations Act that should be reviewed? How should any such issues be dealt with?
If the Code was inconsistent with legal requirements this would be cause for concern. However, no significant inconsistencies have been identified. Minor overlaps and duplication between codes and law are common and are not a significant issue. This does not appear to be a significant issue and perhaps resources could be directed at higher priority issues.