Galexia

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

Proposal G3

We propose that going forward, subscribers should be required to give ASIC the following information about unauthorised transactions:

(a) the number of unauthorised transactions;

(b) information about the channels used to perform unauthorized transactions; and

(c) data about how disputes about unauthorised transactions were resolved.

Subscribers should be required to provide this data annually.