Document ID: chunk:federal_register_of_legislation:F2018C00825:body:0:p5
Version: federal_register_of_legislation:F2018C00825
Segment Type: other
Provision Reference: 
Character Range: 9858–12442

the facility, a statement of how the client may get information about the new fees or charges;
(b) the information in the disclosure document is worded and presented in a clear, concise and effective manner;
(c) where the facility has an expiry date and the client is provided with a device to use the facility:
(i) the expiry date is prominently set out on the device in a manner that makes it clear that it is an expiry date; or
(ii) the date of the issue of the facility (or a date no later than 3 months after that date) is prominently set out on the device together with a statement that the facility cannot be used after a specified period after the date set out on the device;
(d) where the facility has an expiry date but no device is provided, the expiry date is set out in the disclosure document or in a written statement attached to the disclosure document;
(e) a convenient means is available, that involves no charge by the issuer or its associates, for the client to do all of the following:
(i) check the amount standing to the credit of the facility;
(ii) check any expiry date associated with the facility;
(iii) obtain at reasonable intervals a record of the past 10 transactions under the facility;
(f) if the terms and conditions of the facility are unilaterally varied, or the fees or charges for using the facility are changed during the life of the facility:
(i) information about the variation or change is:
(A) made available to the client in accordance with the information in the disclosure document referred to in paragraph (a)(i) or (iv); and
(B) displayed in a clear and prominent way at each place and each website the facility may be acquired; and
(ii) the new terms and conditions or fees and charges are made available to the client on request;
(g) if a low value non-cash payment facility is issued to a person as a retail client, the issuer maintains an internal dispute resolution procedure that:
              (i) complies with standards and requirements made or approved by ASIC for the purposes of subparagraph 912A(2)(a)(i) of the Act, or approved by such an instrument under that provision; and
              (ii) covers complaints against the issuer made by retail clients in connection with financial services provided in relation to the facility.

Conditions: Other people
(5) A person who relies upon any of the exemptions in subsections (1), (2) and (3) but is not the issuer of the low value non-cash payment facility must take reasonable steps to ensure that all of the following are satisfied:
(a) before or at the time the low value