ASIC and the regulation of non-cash payment products
A presentation by Mark Adams, Director, Regulatory Policy, ASIC, to the CARDS Australia Conference, August 2004.
Thank you for giving me the opportunity to speak with you today.
Today I propose to talk about ASIC's involvement in the regulation of some of the products offered by members of the audience and exhibitors here at CARDS Australia. It is my understanding that many of you will be unfamiliar with the regulatory role of ASIC. So I plan to cover some fairly broad ground today including, who ASIC is and what we do, how we regulate products like loyalty schemes and the effect that all of this might have for some of you.