Submission - Joint submission to the 2007 Review of the Electronic Funds Transfer (EFT) Code of Conduct to ASIC (May 2007)
Q64 – Should ASIC continue to be primarily responsible for administering the EFT Code? Are there other arrangements that should be considered?
ASIC should retain primary responsibility for the Code as it is important to retain industry independence. As the Code is a functional Code, ASIC remains the only suitable regulator for this role.