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

Proposal F1

F1Q1 Do you agree with this proposal? Please give reasons.
F1Q2 Is 18 months/two years a reasonable period for requiring information to be available on a website? If not, what would be an alternative?

We propose to:

(a) amend the EFT Code so that subscribers can meet their disclosure obligations under the Code electronically by using emails to notify consumers that information that must be disclosed is available from a website; and

(b) impose the following conditions [not extracted here]:

F1Q1 Do you agree with this proposal? Please give reasons.

Subject to concerns regarding hyperlinks (discussed below in Proposal F3 at page 17), consumer stakeholders support this proposal.

F1Q2 Is 18 months/two years a reasonable period for requiring information to be available on a website? If not, what would be an alternative?

Consumer stakeholders support the availability of information for a minimum two-year period.





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