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

Q8 – Are there developments in the regulatory environment that the Review Working Group should particularly consider? What are the implications of those developments for the EFT Code?

Although there has not been time to consider this question in detail, there are several regulatory developments that may be relevant:

  • Review of privacy legislation by the Australian Law Reform Commission.
  • Productivity Commission review of Australia’s Consumer Policy Framework.

Both reviews have a focus on the simplification and harmonisation of regulation in Australia.