Pending Removal ASIC Class Order CO 13/818

Sep 26 2016

Pending Removal ASIC Class Order CO 13/818 (Direct Debit Fees)

ASIC has now formally asked for feedback by the 7th October 2016 regarding the removal ASIC Class Order CO 13/818.

Members are reminded that feedback is needed on the SACC Reveiw Recommendation 4 as to how this proposed removal of Class Order CO 13/818 will impact on your business.

 Member Action:

If any member wishes to raise any concerns, you can either do this directly using the contact details in the ASIC document attached or forward your comments to NCPA and we will collate all comments before submitting to ASIC.

 If you wish your comments to be submitted by the NCPA, you must have your comments submitted to NCPA by close of business Wednesday 5th October.

Members are warned that removal os this class order is not a matter of if it will happen, but rather when it will happen

Members are encouraged to begin any necessary changes in their business model to reflect the removal of this ASIC Class Order.