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

Proposal B2

B2Q1 Do you agree with this proposal? Please give reasons.

We propose to replace the current two-part structure of the EFT Code with a one-part structure, incorporating tailored requirements for different products.

B2Q1 Do you agree with this proposal? Please give reasons.

Consumer stakeholders support this approach. The 2007 Joint Consumer Submission noted that the Code structure had become complicated and suggested that the two-part structure should be removed. The simplified structure should also help to ensure greater consistency.





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