Parliament of Australia:Senate:Committees:Standing Committee on Economics:Australian Securities and Investments Commission (Fair Bank and Credit Card Fees) Amendment Bill 2008

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

16 September 2008

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 Economics Committee
Department of the Senate
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