The updated ePayments Code strengthens protections for consumers and obliges banks to help customers recover money that has been transferred in error.
June 5, 2023The revised Code extends the protections to cover NPP payments and toughens banks’ obligations to help customers recover funds sent to the wrong account.
June 3, 2022ASIC will publish an updated ePayments Code in April, enhancing some consumer protections and extending those protections to payments made using the NPP.
March 9, 2022ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of "fierce pushback" from major banks.
February 9, 2022ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.
May 26, 2021The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.
November 11, 2020