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Submission - Joint response to the Review of the Electronic Funds Transfer Code of Conduct (2008)

Proposal G2

G2Q1 Do you agree with this proposal? Please give reasons.

We propose to require that the EFT Code must be reviewed every five years.

G2Q1 Do you agree with this proposal? Please give reasons.

If ASIC is provided with a new power for ad hoc amendment of the Code, consumer stakeholders support a five year period for the general review of the Code. If such a power is not granted, consumer stakeholders support a three year period for the general review of the Code.

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