Member

Amendment 33 would require the PSFA to undertake after 12 months a review of the costs to banks of actioning general and account information notices under Clause 19. This would create an admin burden on the PSFA, when it should be using its resources to pursue fraudsters. In any event, there are already provisions under Clause 24 for banks to be able to deduct administrative costs; this would offset what the review would be able to report on.