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Financial Rights Legal Centre, the Consumer Action Law Centre and Financial Counselling Australia were asked by ASIC to respond to the Australian Banking Association’s proposed changes to paragraphs 44B and 47 and the definition of ‘eligible customer’ in the Banking Code of Practice. In this submission we have also included our feedback on other issues in relation to interest on informal overdrafts, Basic Bank Account reporting and proactive identification.
Financial Rights acknowledges Aboriginal and Torres Strait Islander peoples as the traditional owners and celebrate the diversity of Aboriginal peoples and their ongoing cultures and connections to all lands and waters. Financial Rights acknowledges the Gadigal people of the Eora Nation as the traditional owners and custodians of the land on which our main office is located. We pay our respects to Elders past and present and future traditional custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Aboriginal and Torres Strait Islander peoples should be aware this website may contain images or names of people who have passed away.