Document ID: chunk:federal_register_of_legislation:F2024N00515:body:0:p3
Version: federal_register_of_legislation:F2024N00515
Segment Type: other
Provision Reference: 
Character Range: 5149–7188

provided to the consumer about how to update or reestablish equivalent debit arrangements under the New Card (Pre DDO); and

           (d)          details of who the consumer should contact if the consumer suffers loss or damage after a New Card (Pre DDO) has been entered into with Latitude Finance; and

           (e)          a statement that:

              (i)            the New Card (Pre DDO) will operate under the terms and conditions (Latitude terms and conditions) that apply to the applicable Latitude Finance card contracts; and

              (ii)         the Latitude terms and conditions differ from the terms and conditions of the AMEX David Jones Card, including different fees and charges; and

              (iii)       a copy of the Latitude terms and conditions is included with the offer; and

              (iv)        the consumer should carefully review the Latitude terms and conditions before making a decision whether to accept the offer made by Latitude; and

           (f)           if, as the date of the offer the consumer had:

              (i)            been in default under the AMEX David Jones Card for 60 days or more; or

              (ii)         notified Latitude Finance or AMEX Australia of the consumer's inability to meet the consumer's obligations under the existing credit contract within the period of 60 days up to the date of the offer,

           an explanation of the consumer's rights under section 72 of the National Credit Code.

       (2)          provide the following information to the consumer prior to allowing any act that accepts any offer or takes up any invitation to apply for the New Card (Pre DDO):

           (a)          information about how to update or reestablish equivalent recurring debit arrangements with retailers; and

           (b)          a statement noting that the AMEX David Jones Card was subject to protections in the ePayments Code and that the New Card (Pre DDO) will not be as Latitude Finance is not a subscriber to the ePayments Code.