Australian Securities and Investments Commission (Fair Bank and Credit Card Fees) Amendment Bill 2008

Australian Securities and Investments Commission (Fair Bank and Credit Card Fees) Amendment Bill 2008

16 September 2008

© Commonwealth of Australia 2008
ISBN 978-0-642-71964-5

View the report as a single document - (PDF 160KB)

View the report as separate downloadable parts:

Membership of Committee (PDF 8KB)
 
Chapter 1 - Introduction (PDF 36KB)

The Reference
The Bill
Submissions and Conduct of the Inquiry
Acknowledgements
Fees and charges
Background
Quantum of default charges
Regulation of default charges
 
Chapter 2 - Issues (PDF 50KB)

Legal considerations
Price control
A market for default charges?
The case for regulation
Effects on consumers
Are default fees avoidable?
Dispute resolution
 
Chapter 3 - Conclusions (PDF 14KB)

Drafting and legal considerations
Regulation of consumer credit
Market for default charges
Social considerations
 
Family First Dissenting Report (PDF 49KB)

Bank penalty fees
Direct debit dishonour fees
Multiple fees
Cost of failed transactions to banks
Low income families
Helping families avoid penalty fees
Current regulation
Competition
Conclusion
 
Appendix 1 - Submissions Received (PDF 5KB)
 
Appendix 2 - Public Hearing and Witnesses (PDF 5KB)

 

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Email: economics.sen@aph.gov.au