On 20 September 2011, the Australian Securities and Investments Commission released the new ePayments Code, which provides consumer protections in relation to electronic payment products. Membership to the ePayments Code is voluntary. The ePayments Code replaces the Electronic Funds Transfer Code of Conduct since a number of newer electronic payment products have entered the market that are not covered by the old Code. It applies to all electronic payment products, subject to a dollar value.
The Regulation Impact Statement was prepared by the Australian Securities and Investments Commission and was assessed as adequate by the Office of Best Practice Regulation.
- ePayments Code RIS – RTF version [
3.4MB] - ePayments Code RIS – PDF version [
409KB]