Released 12 January 2007. Comments closed 30 April 2007.

This consultation paper initiates the public phase of a review of the Electronic Funds Transfer Code of Conduct (the EFT Code).

The EFT Code is a voluntary industry code of practice covering all forms of consumer electronic payments transactions. It has been operating (initially as a set of recommended procedures) since 1986.

ASIC administers the EFT Code and is required to periodically review it and associated administrative arrangements, in consultation with other stakeholders: see cl 24.1(a).2 The Code was last reviewed in 1999–2001.

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