Document ID: chunk:federal_register_of_legislation:F2017L00399:reg:5:p1
Version: federal_register_of_legislation:F2017L00399
Segment Type: reg
Provision Reference: reg 5 (pt 1/3)
Character Range: 56952–61849

5          "Time-delayed financial transaction"

             (1)  A carriage service provider may verify the identity of a service activator by making a time-delayed financial transaction in relation to an existing specified financial account held by the service activator.
             (2)  Subject to subitems (3) and (4), the carriage service provider is only taken to have verified the identity of a service activator in accordance with subitem (1) if:
               (a)    the service activator gives the carriage service provider information identifying the service activator as the holder of an existing specified financial account;
               (b)     the carriage service provider, using the details of the service activator's account, makes a time-delayed financial transaction in relation to the account, to determine if the account is active;
               (c)    the carriage service provider temporarily activates only one prepaid mobile carriage service for the service activator and informs the service activator at the time of activation that the activation will be temporary;
               (d)    within two business days of making the time-delayed financial transaction under paragraph (b), the carriage service provider confirms that the account is active because the transaction has not been rejected or refunded; and
               (e)    the description of the method of identity verification is recorded by the carriage service provider as "time-delayed financial transaction".
             (3)  For the purposes of paragraph (2)(b), the carriage service provider must make the time-delayed financial transaction in a way that does not financially disadvantage the service activator.
             (4)  If a carriage service provider does not confirm within two business days that the service activator's account is active under paragraph (2)(d), the carriage service provider is:
               (a)    taken to have been unable to verify the identity of the service activator; and
               (b)    must deactivate the temporarily activated prepaid mobile carriage service within one calendar day after the two business day period referred to in paragraph (2)(d) has passed.
             (5)  In this item:
               Time-delayed financial transaction means a financial transaction by way of account transfer and for which the carriage service provider is unable to confirm, at the time of the making of the transaction, that the service activator is able to complete the purchase of the desired goods or services by using the specified financial account.
           6                                                                                                                                                                                                                                                                                                                                                                                                                          "Existing eligible prepaid (other) account" (no direct debit arrangement in place)

                                                                                                                                                                                                                                                                                                                                                                                                                                        (1)    A carriage service provider may verify the identity of a service activator by confirming the details of the service activator's existing eligible prepaid (other) account with the carriage service provider.
                                                                                                                                                                                                                                                                                                                                                                                                                                        (2)    The carriage service provider is only taken to have verified the identity of the service activator in accordance with subitem (1) if:
                                                                                                                                                                                                                                                                                                                                                                                                                                          (a)    the service activator gives the carriage service provider details of the service activator's existing eligible prepaid (other) account with the carriage service