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New ePayments Code launched in Australia - September 2011

Related Galexia services and solutions Specialised Legal and Regulatory Consulting. Read more » Self-regulation and Codes of Conduct. Read more »

In September 2011 the Australian Securities and Investments Commission (ASIC) issued a completely revised and updated Code of Conduct for Electronic Transactions. The new ePayments Code replaces the long standing EFT Code of Conduct, and applies to a broader range of online payment systems.

Galexia Director Chris Connolly was a member of the expert working group revising the Code - a process that took two years to complete and involved three rounds of public consultation.

Related links:

• Galexia assisted CHOICE, the Consumers’ Federation of Australia, and the Consumer Action Law Centre in preparing a joint consumer response to the Australian Securities and Investments Commission’s proposals for changes to the Electronic Funds Transfer (EFT) Code of Conduct. Key issues addressed in the response include liability of consumers and small businesses, and monitoring Code compliance.
  View the 2008 joint consumer response »
• Galexia assisted CHOICE with its submission regarding the 2007 review of the Electronic Funds Transfer (EFT) Code of Conduct, as conducted by the Australian Securities and Investment Commission (ASIC).
  View the 2007 joint consumer submission »

External link:

• A copy of the ePayments Code is available at the ASIC website at:
  http://www.asic.gov.au/asic/asic.nsf/byheadline/ePayments-Code

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