Document ID: chunk:federal_register_of_legislation:F2016L01687:body:0:p5
Version: federal_register_of_legislation:F2016L01687
Segment Type: other
Provision Reference: 
Character Range: 11450–14310

deposits (including business deposits) and provides change;

    (b)          facilitates the keeping of accounts for customer access, including the provision of account balances;

    (c)          opens and closes accounts;

    (d)          can facilitate or arrange the assessment of the credit risk of existing and potential customers; and

    (e)          offers additional services in the one establishment such as financial services, business banking and specialist lending, if these are generally available from the ADI.

Paragraph (e) above does not necessarily mean that a financial adviser or business credit manager is to be available in the branch — the staff of the branch may simply act as a referral point for customers interested in these kinds of services.

Other face-to-face point of presence

A point of presence that satisfies the criteria to be a face-to-face point of presence but does not provide all of the minimum face-to-face services to be categorised as a branch will fall into the category of other face-to-face point of presence.

Examples of other face-to-face points of presence include but are not limited to agencies, head offices, mini-branches, etc.

ATM point of presence

An ATM point of presence is a terminal allowing an authorised cardholder to withdraw cash from either a cheque/savings or credit account. This can include Automatic Teller Machines (ATMs) and Cash Dispensers (CDs). Where the terminal is an ATM, it will also provide access to a varying range of other services such as balance inquiry, transfer of funds and acceptance of deposits. Authorisation is via a Personal Identification Number (PIN). Access is unassisted and may be 24 hours/day, depending on the terminal's location.

The ADI that has ownership of the ATM and exchanges ATM transaction messages - such as a cash withdrawal or balance enquiry - in respect of that ATM (i.e. does not require a third-party switch to exchange transaction messages) is to report this terminal. ADIs are not to report ATMs that are supplied by other institutions even though the ADI has access to the third party owned ATM.

EFTPOS point of presence

An EFTPOS point of presence is a terminal located at a retail outlet which enables an authorised cardholder to purchase goods and services using either deposit or credit funds and may also enable cash withdrawals using deposit funds. Authorisation may be via a PIN or contactless payment. Access is with the assistance of the retailer and is therefore restricted to the operating hours of the retail outlet.

The ADI that has ownership of the EFTPOS terminal is to report this terminal.

For non-ADI owned terminals, the party or ADI which is responsible for key management of the terminal is to report this terminal. The provision of key management involves securing the transaction message at