Comply with the ePayments Code
Voluntary but industry-standard code covering electronic transaction terms, mistaken internet payments, and unauthorised transactions.
Who must comply
Subscribers (most ADIs and many fintechs).
What triggers it
Subscribing to the Code; providing covered electronic transactions to consumers.
When due
Continuous; compliance reporting per ASIC schedule.
Evidence required
Code subscriber documentation, T&C compliance, complaint handling records, ASIC reporting.
Max penalty
Code-based; reputational + ASIC oversight
Summary
The ePayments Code is a voluntary code that ADIs, payment system operators and many fintechs subscribe to. Covers Terms and Conditions disclosure, statements, mistaken internet payment recovery, and unauthorised transaction liability allocation. ASIC administers; subscribers report compliance.
Enforced by
Industries
Topics
Source: https://asic.gov.au/regulatory-resources/financial-services/epayments-code/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.