[LINK] Assault on Consumer Protection on the Net

[Alan L Tyree]

On Thu, 12 Apr 2007 12:00:16 +1000
Howard Lowndes <lannet at lannet.com.au> wrote:

> 
> 
> Roger Clarke wrote:
> > The Australian Securities and Investments Commission (ASIC) is 
> > undertaking a Review of the Electronic Funds Transfer Code of
> > Conduct:
> > http://www.asic.gov.au/asic/asic.nsf/byheadline/Review+of+the+Electronic+Funds+Transfer+Code+of+Conduct+2007?openDocument 
> 
> I went to this site and found approx 6 submissions, but none were 
> submissions from any industry players and hence there is no 
> demonstration of the assertions made below.  Where are the industry 
> submissions that are encouraging change to the EFT?

The deadline has been changed to the end of April at the request of
various "shareholders". So you are unlikely to see any industry
submissions until the very end.



> 
> 
> > 
> > 
> > Business interests are seeking to significantly reduce the consumer 
> > protections that the Code provides.  The following submission has
> > been sent to ASIC to counter that manoeuvrre.
> > 
> > The submission argues that consumer devices are inherently
> > insecure, and incapable of being made secure, and that it is
> > therefore not appropriate to impose liabilities on people who use
> > them to conduct financial transactions.
> > 
> 
> -- 
> Howard.
> LANNet Computing Associates - Your Linux people
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> 
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-- 
Alan L Tyree                    http://www2.austlii.edu.au/~alan
Tel: +61 2 4782 2670            Mobile: +61 427 486 206
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