- Date
-
14 Feb 2008
- Chamber
-
Senate
- Status
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Not Proceeding
-
Sponsor
-
FIELDING, Sen Steve
- Summary
-
Amends the
Australian Securities and Investments Commission Act 2001
to: limit banking and credit card penalty fees by ensuring fees are for cost recovery only; prevent fees being charged for third party dishonoured cheques; and enhance the powers of the Australian Securities and Investments Commission to monitor penalty fees and investigate customer complaints.