• No results found

Defence Bank Products and Services Conditions of Use

N/A
N/A
Protected

Academic year: 2021

Share "Defence Bank Products and Services Conditions of Use"

Copied!
88
0
0

Loading.... (view fulltext now)

Full text

(1)

Defence Bank

Products and Services

Conditions of Use

(2)

Conditions of Use

This document contains Terms and Conditions for:

Savings Accounts

> Basic Access > Budget Savings > Cash Management > Christmas Savings

> First Home Saver Account (FHSA) – Please refer to FHSA PDS

> Flexi Term

> General Insurance Savings > Investment Savings > iSaver

> Kids Club Savings > Max eSaver > Mortgage Offset > National Access > Pensioner Deeming > Salary Saver

Term Deposits

Term Deposit 30 days – 24 months

Transaction Products

Electronic Banking – Defence Bank Direct

> Online Banking > Telephone Banking > BPAY®*

> Visa Debit Card > rediCARD

Other Transaction Products/Payment Services

> Direct Debits > Direct Credits > Auto Transfers > Member Cheques

(3)

Contents

Introduction ... 7

Definitions ... 7

Application of this DPS ... 10

Mutual Banking Code of Practice ... 11

ePayments Code ... 11

Financial Claims Scheme ... 12

Part 1. General Information ... 12

Section 1 – Account Opening ... 12

Account Opening Procedures ... 12

Taxation Implications ... 12

Income Tax ... 12

Tax File Number ... 12

Joint Accounts ... 13

Section 2 – Account Operation ... 13

Account Signatories ... 13

Deposits and Withdrawals ... 14

Right of Set-Off ... 14

Mistaken Internet Deposits... 15

Overdrawn Accounts ... 15

Change of Account Details ... 15

Closure of Accounts ... 15

Dormant Accounts ... 16

Statements ... 16

Section 3 – Varying Terms and Conditions ... 17

Section 4 – Complaints and Disputes Resolution Process ... 18

Section 5 – Confidentiality and Privacy ... 19

Part 2. Savings Accounts Specific Information ... 19

Savings Account Product Matrix ... 19

Interest ... 21

Fees and Charges ... 21

Salary Saver ... 22

(4)

Part 3. Term Deposits Specific Information ... 22 Minimum Requirements ... 22 Conditions of Deposit ... 23 Certificate of Investment ... 23 Reinvestment ... 23 Interest ... 23

Fees and Charges ... 24

Penalties ... 24

Government Charges ... 25

Part 4. Transaction Products and Payment Services Specific Information ... 25

Section 1 – Electronic Banking – Defence Bank Direct ... 25

Benefits, Risks and Costs ... 25

Online Banking ... 25

Telephone Banking ... 27

BPAY ... 28

Visa Debit Card ... 28

rediCARD ... 30

Protection of Your Passwords and Personal Identification Number (PIN) ... 30

Electronic Banking Transaction Products Matrix ... 31

Fees and Charges ... 32

Merchant Surcharge ... 32

Government Charges ... 32

Specific Terms And Conditions – Defence Bank Direct .... 32

Mutual Banking Code of Practice/ePayments Code ... 34

Privacy ... 35

Security and Access ... 35

VIP Credential ... 36

Security Breaches ... 37

Using Defence Bank Direct (including BPAY) ... 38

Processing of Defence Bank Direct Transactions (including BPAY) ... 39

(5)

Transaction Limits ... 41

Refusing Defence Bank Direct Transaction Directions ... 41

Your Liability for Defence Bank Direct Payments and Transfers ... 42

Our Liability in Respect of Defence Bank Direct ... 44

Resolving Errors on Account Statements ... 45

Transaction Recording ... 47

Transaction and Other Fees ... 47

Changes to Terms and Conditions ... 47

Cancellation of Defence Bank Direct Access ... 48

Miscellaneous ... 49

Section 2 – Mistaken Internet payments... 50

Section 3 – Other Transaction Products/ Payment Services Specific Information ... 55

Other Transaction Products Matrix ... 55

Fees and Charges ... 55

Government Charges ... 56

Specific Terms and Conditions – Other Transaction Products/Payment Services ... 56

Direct Debits ... 56

Direct Credits ... 57

Auto Transfers ... 58

Member Chequing ... 59

Part 5. Visa Debit Card/ rediCARD Conditions of Use ... 63

Guidelines for Ensuring the Security of the Visa Debit Card/rediCARD and PIN ... 64

Introduction ... 64

Codes of Conduct ... 66

Signing the Visa Debit Card/rediCARD ... 66

Protecting the PIN ... 67

Using the Visa Debit Card/rediCARD ... 67

Using the Visa Debit Card Outside Australia ... 68

Withdrawal and Transaction Limits ... 69

(6)

Account Statements ... 70

Transaction Slips and Receipts ... 70

Subsidiary Cards ... 71

Renewal of the Visa Debit Card/rediCARD ... 71

Cancellation and Return of the Visa Debit Card/rediCARD ... 72

Use After Cancellation or Expiry of the Visa Debit Card ... 72

Your Liability in Case the Visa Debit Card or rediCARD is Lost or Stolen or in Case of Unauthorised Use ... 73

How to Report Loss, Theft or Unauthorised Use of the Visa Debit Card/rediCARD or PIN ... 75

Steps You Must Take to Resolve Errors or Disputed EFT Transactions ... 77

Transaction and Other Fees ... 79

Exclusions of Warranties and Representations ... 79

Malfunction ... 80

Changes to Conditions of Use ... 80

Miscellaneous ... 80

Part 6. Verified by Visa Terms... 81

Accepting these Terms ... 81

Definitions ... 81

Application of these Terms ... 82

Guidelines for Maintaining the Security of Your Visa Debit Card... 82

Using the Verified by Visa Service ... 82

Subsidiary Cardholders ... 83

Termination of Verified by Visa ... 83

Participating Online Merchants ... 83

Exclusion of Liabilities ... 84

Your Conduct ... 84

Your Liability ... 85

Errors ... 86

(7)

Introduction

Defence Bank’s Products and Services Conditions of Use (DPS) contains important information about Defence Bank savings accounts, term deposits and transaction products. The DPS has been prepared to assist you in understanding the range of products we offer to our members. The information contained in this DPS will assist you to make an informed decision on whether to use any of the products covered by this DPS.

Definitions

In this DPS:

Access Password – Access Passwords consist of a user

ID and secure password. The secure password is initially issued by us, but is then changed by you on first time use of Defence Bank Direct to one of your own choosing.

account – means your nominated account(s) that we

agree can be accessed via Defence Bank Direct for the purpose of effecting transactions, including BPAY payments.

ADI – Authorised Deposit-taking Institution.

available balance – means the amount of any funds

credited to your account but excluding: Deposits received but not cleared Interest accrued but not credited Deposits in transit

Cheques written but not presented Visa transactions not yet debited.

BECS – means the Bulk Electronic Clearing System. biller – means any person to whom you request we make

a payment, other than us and in relation to BPAY payments means a biller who participates in BPAY.

BPAY – means the electronic payment scheme called BPAY

operated in co-operation between Australian financial institutions, which enables you to effect bill payments to billers who participate in BPAY, either via telephone or Internet access or any other access method as approved by us from time to time.

BPAY payment – means a payment transacted as part of

(8)

Business Banking and Two to Sign Banking – means

access to transact on two to sign accounts with Defence Bank Online Banking

business day – means a day that is not a Saturday, a

Sunday, a public holiday or a bank holiday.

card – means the rediCARD or Visa Card we have issued

to you or to any other person at your request to enable you or that other person to access funds in your account(s) or any other card as we advise you from time to time.

card hotline – means a dedicated telephone service line

established by the industry solely for cancelling rediCARDs and Visa Cards.

cut off time – means the time that your BPAY payment

or electronic transfer instruction must be received by us in order for those instructions to be processed that day.

Defence Bank Direct – means the facility developed by

Defence Bank to enable you, via the telephone, mobile phone, mobile device or Internet, to make payments and transfers from your account and/or to obtain information and make requests about your account or generally about the products and services we offer. The expression Defence Bank Direct incorporates the BPAY facility, as referred to in part 4.

direct debit request – means the request between you

and the biller authorising the biller to have funds debited from your account with Defence Bank.

ePayments Code – means the electronic payments Code

issued by ASIC.

equipment requirements – any equipment/software

as specified by us that you will require to access and use Defence Bank Direct.

facility – means an arrangement through which

a person can perform transactions.

identifier – means information that you:

> Know but are not required to keep secret and > Must provide to perform a transaction. Examples include an account number, serial number, a BSB number or the name of a payee.

Internet site – means our Internet site defencebank.com.

(9)

mistaken Internet payment – means a payment through

a “pay anyone” Internet banking facility and processed by us through BECS where funds are paid into the account of an unintended recipient because you enter or select a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

> Your error or

> You being advised of the wrong BSB number and/or identifier

but, does not include payments made using BPAY.

Mobile Banking – means where you access Online

Banking via https://secure.defencebank.com.au/mobi

password – means a unique alphabetical and/or numeric

combination and includes a VIP Credential and SMS Confirmation Number where applicable. This will enable you to have secure access to Defence Bank Direct.

payment – means a debit to your account of an amount

and payment of that amount to a biller and includes a BPAY payment.

receiving ADI – means an ADI which subscribes to the

ePayments Code and whose customer has received an Internet payment.

SMS – means the telecommunications ‘short message

service’ technology which may allow text messages to be sent to your mobile phone.

SMS Confirmation Number – means an authorisation

code sent by SMS to your nominated mobile phone to validate certain transactions, including BPAY payments made when using Mobile Banking. You will need to enter the SMS Confirmation Number in order for the transaction to be processed. Your nominated mobile phone is the mobile phone number listed in your contact details within Online Banking.

transaction authentication password – means a unique

(10)

transaction – means a payment or transfer from your

account(s) using Defence Bank Direct and in addition includes any other information provided to you pursuant to a request made by you via Defence Bank Direct.

transfer – means a transaction whereby your account is

debited and another account is credited.

unintended recipient – means the recipient of funds as a

result of a mistaken Internet payment.

user ID – means the numerical or alphabetical

identification, currently your member number, issued to you by us which you use to access Defence Bank Direct in conjunction with your passwords.

VIP Credential – A level two security feature you may

apply to use as provided by VeriSign® Identity Protection, which when downloaded to your mobile phone or mobile device will provide you with an additional level of security when using Online Banking.

you, your or member – means the Defence Bank

member utilising a product referred to in this DPS or any person authorised to act on behalf of the Defence Bank member.

In addition, references to:

> We, us, or Defence Bank are references to Defence

Bank Limited

> You or your are references to you, the account

holder(s) in respect of the account. See conditions 18.6 and 18.7 of part 4, section 1 which deem acts, omissions and failures to observe these conditions by certain other persons to be your acts, omissions and failures.

IMPORTANT – READ DOCUMENTS. YOU SHOULD READ THIS DPS CAREFULLY. ALWAYS RETAIN A COPY FOR FUTURE REFERENCE.

Application of this DPS

(11)

excluded, Defence Bank’s liability under those implied Terms and Conditions will be limited to the maximum extent permitted by law.

In the event of any inconsistency between this DPS and any other Terms and Conditions applying to the products covered by this DPS, including those implied by law, the DPS to the extent permitted by law shall prevail.

Mutual Banking Code of

Practice

The Mutual Banking Code of Practice (MBCoP) is the industry code of the Customer Owned Banking Association, the association of mutual banks, building societies and credit unions. These organisations are owned by their members – this is what being a mutual means. As such, mutuals are focused on member-benefit, community involvement, fairer fees and customer service.

The Code establishes higher standards than the law requires in a range of areas, and includes issues not addressed by the law. In adopting the Code, mutual banks, building societies and credit unions agree to abide by the higher standards and additional requirements set out in the Code.

Defence Bank, along with most mutual banks, credit unions and mutual building societies, subscribes to the Code – that is, we formally agree to be bound by the Code in our dealings with our members and customers

An important part of the Code contains the general principles or values applying to our members and customers, as well as the broader community. A copy of the MBCoP, which includes the 10 Key Mutual Banking Code of Practice Promises to our members and customers, is available upon request or on our website.

ePayments Code

We subscribe to the ePayments Code.

(12)

Financial Claims Scheme

In the unlikely event an Australian Banking Institution such as Defence Bank becomes insolvent and is placed into liquidation, account holders, subject to a limit for each depositor, may be entitled to payment under the Financial Claims Scheme (FCS).

The FCS is the Australian Government’s guarantee on deposits and is administered by APRA. The FCS protects depositors by guaranteeing deposits (up to $250,000) held in Authorised Deposit Taking Institutions (ADI) incorporated in Australia and allows quick access to deposits if an ADI becomes insolvent.

Information about the FCS can be obtained from the APRA website at www.apra.gov.au and the APRA hotline on 1300 558 849.

Part 1. General Information

Section 1 – Account Opening

Account Opening Procedures

In accordance with the Anti-Money Laundering/Counter- Terrorism Financing Act 2006 (Cth), we are required to verify the identity of all our members before we can offer our products and services.

This usually involves collecting information about you, such as your name, address and date of birth and verifying that information against certain documents that you provide to us. These documents may include your current driver licence or passport etc.

Defence Bank reserves the right to provide a savings account to you and set the interest rate, maximum deposit and minimum deposit amounts.

Taxation Implications

Income Tax

Under the Income Tax Assessment Act 1997, tax may be payable on any interest earned on monies deposited in your account.

Tax File Number

(13)

to deduct tax from any interest that you earn at the highest marginal rate plus the Medicare levy.

Joint Accounts

Accounts may be conducted jointly with another person or persons in the names of individuals or in the name of a business.

The following conditions will be applied to jointly operated accounts:

> Deposits may be accepted which are payable to one or both of the account holders

> The liability for debts or overdrawn amounts is both joint and individual. For example; you will be jointly and individually liable should the account become overdrawn as the result of member cheque(s) being paid in the absence of funds.

> Upon account opening you will be required to complete in writing an account signing authority which will specify who can operate the account. For example an account in joint names can be operated on an any one account holder to sign or both account holders to sign basis.

> If one of the parties should die then any remaining balance shall be paid to the survivor/s.

> Any changes to who can operate the account will need to be in writing and signed by all account holders. > If Defence Bank is notified in writing of a dispute

between joint account holders, we may require all joint account holders to sign to operate the account.

> Defence Bank can send statements of account, changes to the DPS and other notices by mailing them to the first named account holder at the address recorded by us for the service of notices.

Section 2 – Account Operation

Account Signatories

(14)

Deposits and Withdrawals

Deposits

Deposits to accounts may be made: > In person at a branch

> In person at a National Australia Bank branch (NAB may charge a fee for this service). You will need to supply BSB 803-205 together with a link number, which will direct the deposit to your specific Defence Bank account. The link number is available by calling 1800 033 139 or from your Defence Bank branch. > In person at Bank@Post outlets (a Visa or rediCARD

is required)

> By Direct Credit or Internal Transfer > By Inward Electronic Transfer

> By Mail (cash should not be forwarded by mail).

Withdrawals

Withdrawals from accounts may be made: > In person at a branch

> In person at Bank@Post outlets (Visa or rediCARD required)

> By personal cheques (if member chequing is available on your account)

> By Defence Bank Corporate cheque > By Visa transactions through merchants

> By Automatic Teller Machines (ATMs) and Point of Sale (POS) terminals (Visa or rediCARD required)

> By overseas telegraphic transfers > By authorised Direct Debits > By authorised Auto Transfers

> By Online Banking – cheques or electronic transfer > By Telephone Banking

> By BPAY.

Right of Set-Off

(15)

more deposit accounts are overdrawn without prior authorisation, or a loan repayment has not been made. We will inform you if we exercise this right of set-off.

Mistaken Internet Deposits

Where a deposit is made to your account via a ‘pay anyone’ Internet banking facility and the sender of those monies asserts that they made a mistaken Internet payment then we are obliged to investigate the matter and may be required to return those funds to the sender’s ADI. In those circumstances we are regarded as a “receiving ADI” and the obligations imposed on us in that capacity are as set out in section 2 of Part 4 of the Defence Bank Products and Services Conditions of Use (DPS).

We may debit or place a stop on your account at any time in respect to a mistaken Internet deposit until such time as we have complied with our obligations under the ePayments Code in our capacity as a receiving ADI.

Overdrawn Accounts

You cannot overdraw your account without our prior agreement. Any amount overdrawn without prior agreement is repayable immediately. We may at our discretion allow the overdrawing of an account and impose a fee each time we permit an account to be overdrawn, or for a debit balance to increase once it is already overdrawn.

Change of Account Details

Members should notify us promptly of any changes to their account details, including change of name, address, telephone number or email address. We will not be responsible for any errors or losses associated with changes to a member’s account details where we have not received prior notice.

Closure of Accounts

Requests to close accounts must be signed in accordance with the Account Signing Authority. All unused cheques (no refunds) and Visa or rediCARDs must be surrendered for cancellation prior to closure. Direct debits and direct credits attached to the particular account must be cancelled.

(16)

to ‘all to sign’ can only be accommodated where all unused cheques (no refunds) and Visa or rediCARDs are surrendered. Direct debits authorised by one account holder must also be cancelled.

Dormant Accounts

If you have not initiated a transaction on your savings accounts for a period of more than 12 months, the accounts will be classified as dormant and an annual maintenance fee may apply. For details refer to the Fees and Charges Schedule. No interest will be paid on dormant accounts. Accounts declared dormant may result in your membership with Defence Bank being terminated. You may apply to have your membership reinstated.

Statements

Account statements are issued on the following basis:

Statement Name Statement Cycle

Credit Card Statement Issued on a monthly basis Visa Overdraft including

Smart Mover and Flexi Plus Statement

Issued on a monthly basis

End of Month Statement (other than for loan types listed above)

Issued on a monthly basis by request. A charge applies for this service End of Quarter Statement Issued on a quarterly (three

monthly) basis.

Statements are also available via Defence Bank Online Banking (eStatement).

To receive eStatements you need to register via Defence Bank Online Banking. Once registered you will no longer receive your statement via the post but will also be able to view any statement outside of the current statement period (classified as a previous statement).

(17)

There is a fee payable for requesting over the counter at a branch, or viewing archive statements via eStatements. Applicable fees and charges are detailed in the Fees and Charges Schedule.

If you notice any errors or unauthorised transactions detailed in your statement, please notify us without delay.

Section 3 – Varying Terms

and Conditions

We are obliged to notify you of changes to this DPS in the following manner with respect to:

Variation Period of Notice Method of Notice

Introduction of a new fee or charge or increase in an existing fee or charge 30 days advance notice In writing Change to method by which interest is calculated or the frequency with which it is debited or credited adverse to the account holder 30 days advance notice In writing Increase in liability for losses for electronic banking transactions

30 days advance

notice In writing

Reduction in fee or

charge By date of change

In writing or by advertisement in the press Change in interest

rate By date of change

In writing or by advertisement in the press Change in penalty

interest rate By date of change

(18)

Section 4 – Complaints and

Disputes Resolution Process

Defence Bank has established complaints resolution procedures that aim to deal with and resolve your complaint promptly, thoroughly and fairly.

If you believe we have breached the Mutual Banking Code of Practice, you can also make a complaint to us. To make a complaint:

> Call Defence Bank on 1800 033 139

> Talk to staff at your local Defence Bank branch > Email Defence Bank at info@defencebank.com.au or > Send a letter to Defence Bank’s Complaints Officer by

mail to:

PO Box 14537 Melbourne VIC 8001.

For more information about our complaints resolution procedures, please ask for the brochure entitled ‘Complaints and Disputes Resolution Guide’ at any Defence Bank branch or log onto defencebank.com. au. If you are not satisfied with the steps we have taken to resolve the complaint or with the result of our investigation, you are entitled to have your complaint resolved free of charge by Credit Ombudsman Service Limited (COSL), an external dispute resolution body of which Defence Bank is a member.

COSL may be contacted as follows: Credit Ombudsman Service Limited PO Box A252 Sydney South NSW 1235 Phone: 1800 138 422 Fax: 02 9273 8440 Email: info@cosl.com.au Website: www.cosl.com.au

If the complaint relates to the Mutual Banking Code of Practice but does not involve a claim that you have suffered loss or detriment and Defence Bank has not been able to resolve it to your satisfaction, you can report it to:

(19)

Section 5 – Confidentiality

and Privacy

The personal information we collect from you is to enable us to provide the financial products or services you require. If you do not provide us with complete and current details we may not be able to process your application or deliver the products and services you require effectively and efficiently. We are obliged to protect the confidentiality of your personal information and to only disclose this information to other parties if necessary to provide the product or service you require, or as required by law. We may however, use the personal information collected from you to inform you about other products and services we provide. If you do not want us to provide you with this information or if you wish to know more about our commitment to privacy please contact us.

Defence Bank has adopted and abides by the National Privacy Principles which gives you rights to access personal information we hold about you. A copy of our Privacy Statement is available by visiting our website defencebank. com.au, at your nearest Defence Bank branch, or by calling 1800 033 139.

Part 2. Savings Accounts

Specific Information

Savings Account Product Matrix

(20)

Account T ype V isa/ rediCARD A TM/ EFTPOS

Over draft Facility Cheque Book B PA Y Bank @ Post Dir ect Entry Corp Chq Min Bal Defence Bank Dir ect Transfers Basic Access ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓ Budget Savings ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓ Cash Management ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓ Christmas Savings ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓

FHSA (deposits only)

* ✗ ✗ ✗ ✗ ✗ * ✗ * * Flexi T erm ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓

General Insurance Savings

✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓ Investment Savings ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓ iSaver ✗ ✗ ✗ ✓ ✗ ✓ ✓ $0 ✓

Kids Club Savings

** ✗ ✗ ✗ ✗ ✗ ✓ ✓ $0 ✗ Max eSaver ✗ ✗ ✗ ✓ ✗ ✓ ✗ $0 ✓ Mortgage Of fset + ✓ ✗ ✗ ✓ ✓ ✓ ✓ $0 ✓ National Access ✓ ✓ ✓ ✓ ✓ ✓ ✓ $0 ✓ Pensioner Deeming # ✓ ✗ ✓ ✓ ✓ ✓ ✓ $0 ✓ Salary Saver ✓ ✓ ✓ ✓ ✓ ✓ ✓ $0 ✓

Please note: you may have to provide notice for large cash withdrawals. Please contact your local branch or call 1800 033 139 for details.

Key to table

* Refer to FHSA PDS – not available for new applications. ** available to children under 13 years of age. Account to be held

in child’s name.

(21)

Interest

> Interest is calculated on the previous day’s closing balance

> For savings accounts which have tiered interest rates specified in the Interest Rate Schedule, the higher rate is only available for the amounts specified in the Schedule. > Interest is credited as follows:

Account Type Interest Credited

Basic Access, Budget Savings, Kids Club Savings, National Access, Salary Saver and General Insurance Savings

31 March each year

Cash Management Last day of each month

Christmas Savings 31 October each year – interest is set for the period 1 January to 31 December

FHSA 30 June each year

Flexi Term Last day of each month

Investment Savings 31 March and 30 September each year

iSaver Last day of each month

Max eSaver Last day of each month – at least one deposit and no withdrawals are required to be conducted during the month to receive bonus interest

Mortgage Offset Account Balance is offset 100% against linked mortgage loan

Pensioner Deeming Last day of February, May, August and November each year

> The Interest Rate Schedule which details rates offered for each savings account and for tiered rates where applicable is available at your nearest branch, by visiting defencebank.com.au or by calling 1800 033 139.

Fees and Charges

(22)

for withdrawals from your Defence Bank savings account, using the following access methods:

> Bank@Post > PIN authorised > Personal cheque book > Bank cheque

> Corporate cheque > BPAY transaction

> Online Banking transfer to external financial institution > Cheques – online/over the counter.

Salary Saver

During the course of a calendar month, if $2,000 or more is deposited to your Salary Saver account by direct credit, the account keeping fee/s applicable in respect to that month will be waived.

In all other circumstances account keeping fee/s will be payable.

The Fees and Charges Schedule and our brochure titled ‘Tips for reducing your banking fees with Defence Bank’ are available at your nearest Defence Bank branch, by visiting defencebank.com.au or by calling 1800 033 139.

Government Charges

We reserve the right to debit your savings account with any applicable government charges, including any government charges introduced after the account is established.

Part 3. Term Deposits Specific

Information

Minimum Requirements

(23)

The interest payable will be dependent on the term and amount of the investment. The Interest Rate Schedule is available at your nearest Defence Bank branch, by visiting defencebank.com.au or by calling 1800 033 139.

Conditions of Deposit

> We have the right to accept or refuse any deposit and to set the maximum or minimum amounts of a deposit and the term of the deposit.

> You may access your Term Deposit amount before maturity. You will however need to provide us with 24 hours notice. Please call us or visit your local branch to discuss. Please note that a penalty applies as you will receive a reduced rate of interest based on the amount and term of your Term Deposit.

Certificate of Investment

Within a few days of opening the account, we will provide you with a Certificate of Investment detailing the deposit amount, interest rate and term of the investment.

Reinvestment

Prior to the maturity of your Term Deposit you will receive a letter advising you of the approaching maturity. If you wish to vary the terms of the investment, your signed, written instructions are required prior to the maturity date. Your request will be actioned on the maturity date or the next business day. If we do not receive instructions from you, your deposit and interest will automatically be reinvested on the maturity date or the next business day for the same term at the then current published Term Deposit rate. If the same term is no longer available then the reinvestment will be for a published period closest in term to the original term. Any requests for variations to the terms of the investment actioned after the maturity date may incur penalty interest reductions.

A Certificate of Investment will be forwarded to you within a few days following maturity of your investment. General Withholding Tax may be debited from your interest if a Tax File Number or ABN has not been provided.

Interest

(24)

The interest rate applicable to the different terms and amounts of investment are outlined in Defence Bank’s Interest Rate Schedule. A copy of the schedule is

available at your nearest Defence Bank branch, by visiting defencebank.com.au or by calling 1800 033 139.

Fees and Charges

The fees and charges applicable to Defence Bank Term Deposit products are detailed in the Fees and Charges Schedule.

Transaction fees may be charged for withdrawals to your Defence Bank Term Deposit account using any of the following access methods:

> Corporate Cheque > Bank Cheque

> Electronic funds transfer to an external financial institution.

There are no fees payable to open a Defence Bank Term Deposit account.

The Fees and Charges Schedule and our brochure titled ‘Tips for reducing your banking fees with Defence Bank’ are available at your nearest Defence Bank branch, by visiting defencebank.com.au or by calling 1800 033 139.

Penalties

If you redeem your Term Deposit prior to the expiry of the agreed term a penalty will apply.

> Term Deposits with $100,000 or less or with a term

of 2 years or less – Withdrawals made prior to the

expiration of the agreed term will result in the interest rate being reduced to a rate equal to the National Access Account, except where 6 months or more has passed since the last renewal/acceptance date of the deposit. In this case the interest rate will be reduced to 40% of the initially agreed rate.

> Term Deposits greater than $100,000 or with a

term exceeding 2 years –

> if redemption is less than or equal to 50% of the term = 50% loss of interest

> if redemption is greater than 50% and less than or equal to 90% of the term = 30% loss of interest > if redemption is greater than 90% and less than or

(25)

Government Charges

We reserve the right to debit your Term Deposit account with any applicable government charges as a result of using a Defence Bank Term Deposit account, including any government charges introduced after the account is established.

Part 4. Transaction Products

and Payment Services

Specific Information

> Online Banking

> Online Banking accessed via Mobile Banking > Telephone Banking

> BPAY

> Visa Debit Card > rediCARD > Direct Debits > Direct Credits > Auto Transfers > Member Cheques.

Section 1 – Electronic Banking

– Defence Bank Direct

Defence Bank’s Electronic Banking products comprise: > Online Banking

> Online Banking accessed via Mobile Banking > Telephone Banking

> BPAY

> Visa Debit Card > rediCARD.

Benefits, Risks and Costs

The following is a summary of Electronic Banking products.

Online Banking

Benefits

(26)

> View account balances

> View and print transaction listings

> Transfer funds to any other Defence Bank accounts > View interest details

> View statements of account > Pay bills electronically via BPAY > Receive bills via BPAY View

> Set up and manage one off or regular payments > Electronically transfer funds to another financial

institution (credit card payments cannot be forwarded through this service)

> Electronically transfer funds overseas > Apply for loans

> Loan redraws > View eStatements

> Facilitate Business Banking and Two to Sign Banking > Manage SMS alerts

> Set up Mobile Banking

> Personalise your own screen settings

> Limited ability to recover mistaken Internet payments made to unintended recipients except for BPAY > Activate your Defence Bank Visa Card or rediCARD > Secure passwords are issued upon registration > Online changes to account details and to remit funds

electronically requires the use of a transactional authentication password

> Access via compatible mobile phone, mobile device, PC or other access device.

Risks

> Need to ensure security of access to your account passwords

> Need to ensure security of any access device such as a PC, mobile phone or mobile device

(27)

> Risk of unauthorised access to your account if passwords can be easily identified

> Account holder may be liable for unauthorised transactions arising from a failure to properly secure passwords against loss, theft or misuse

> All precautions are taken in respect of online banking transactions, however the security of electronic transfer transactions can never be guaranteed, particularly in electronic media such as the Internet.

Costs

> A fee applies for each electronic transfer and BPAY transaction to an external financial institution/biller > No charges are applicable for internal transfers to

Defence Bank accounts

> For details of these and any other fees refer to the Fees and Charges Schedule.

Telephone Banking

Benefits

> Secure 24 hour automated telephone banking system that can be accessed using a touch-tone phone > Check account balances

> Check previous transactions

> Transfer funds between Defence Bank accounts > Pay bills using BPAY

> Interest earned in the current and previous financial year > Pay bills using BPAY

> Activate your Defence Bank Visa Card or rediCARD > Order posted/faxed transaction listings

> Privacy statement > Change password

> Request a loan application form be posted > Leave a message for Defence Bank > A secure password is issued on registration.

Risks

> Need to ensure security of access to your account passwords

(28)

> Account holder may be liable for unauthorised transactions arising from a failure to properly secure the passwords against loss, theft or misuse.

Costs

> Fees are payable for BPAY transactions conducted via Telephone Banking

> No other fees or charges are applicable except for the issue of a transaction listing of your account

> For details of these and any other fees refer to the Fees and Charges Schedule.

BPAY

Benefits

BPAY is a network of over 22,000 Billers and 22,000 Sub Billers who allow you to pay your bills through Defence Bank Direct Telephone and Online Banking. You can pay most of your bills using BPAY including telephone, electricity, gas or water bills. Just look for the BPAY logo and references on your bill.

To pay a bill using BPAY via Defence Bank Direct Telephone and Online Banking, the following details are required: > the Biller Code

> the Customer Reference Number > the amount.

Risks

> All precautions are taken in respect of BPAY

transactions, however the security of electronic transfer transactions can never be guaranteed. In electronic mediums such as the Internet, there is always a risk of interception of data by a rogue or hacker.

Costs

> A fee is payable for each BPAY transaction

> For details of these and any other fees refer to the Fees and Charges Schedule.

Visa Debit Card

Benefits

(29)

> Access may be gained through Automatic Teller Machines (ATMs), Bank@Post, online and merchant locations (POS) eg department stores, supermarkets, service stations etc

> Access via ATMs and participating merchants may be made within Australia and overseas

> Increased access to your Defence Bank savings account > Transactions not limited to Defence Bank standard

business hours.

Risks

> You need to ensure the security of your Visa Debit Card > Need to ensure security of access to your account ie

your PIN

> Risk of unauthorised access to your account if your PIN can be easily identified

> Some merchants and EFTPOS terminals may impose a surcharge for making a transaction. You should enquire as to whether any surcharge applies before confirming the transaction.

Costs

> A fee is charged for excess EFTPOS transactions*. If you use a non rediATM the owner of the ATM may charge you a fee for using their ATM. This fee will be displayed on the screen prior to the transaction being processed and you will have a choice to cancel the transaction before it proceeds.

> A monthly fee* applies for a Visa Debit card, with an additional monthly fee* for each supplementary card except cards issued in relation to conditions of a Salary Saver account.

Fees are charged for the following:

> Declined transaction (incorrect PIN or insufficient funds) > Replacement cards (ie captured by ATM, damaged or

lost etc)/additional cards > Priority card production > Voucher retrieval

> Overseas ATM transactions

(30)

rediCARD

Benefits

> rediCARD provides you with access to funds held in your Defence Bank National Access Account, Salary Saver Account, or Pensioner Deeming Account within Australia only.

> rediCARD access may be gained through ATMs, POS facilities within Australia only

> Increased access to your Defence Bank savings account > Transactions not limited to Defence Bank standard

business hours.

Risks

> Need to ensure security of access to your account ie your PIN

> Risk of unauthorised access to your account if your PIN can be easily identified.

Costs

> A fee is charged for excess POS transactions*. If you use a non rediATM the owner of the ATM may charge you a fee for using their ATM. This fee will be displayed on the screen prior to the transaction being processed and you will have a choice to cancel the transaction before it proceeds.

Fees are charged for the following:

> Declined transaction (incorrect PIN or insufficient funds) > Replacement cards (ie captured by ATM, damaged or

lost etc)/additional cards > Priority card production > Monthly card fee.

*refer to the Fees and Charges Schedule

Protection of Your Passwords and Personal

Identification Number (PIN)

> You must keep your passwords and PIN secure at all times. Failure to do so may increase your liability for loss.

YOU MUST NOT:

> Use your birth date or an alphabetical code which is a recognisable part of your name as a password or select a numerical code which has four

(31)

> Disclose your passwords or PIN to any person including family members and friends

> Allow any other person to see you entering or overhear you providing your passwords or PIN > Record your passwords or PIN on your card or on

any article carried with or placed near your card that is liable for loss, theft or abuse at the same time as your card.

Electronic Banking Transaction

Products Matrix

The following matrix details the availability of Electronic Banking facilities for Defence Bank savings accounts.

Savings

Account BankingOnline Telephone Banking Visa Debit/ rediCARD ATM/ POS BPAY Basic Access ✓ ✓ ✗ ✗ ✓ Budget Savings ✓ ✓ ✗ ✗ ✓ Cash Management ✓ ✓ ✗ ✗ ✓ Christmas Savings ✓ ✓ ✗ ✗ ✓ FHSA (deposits only) ✓ ✓ ✗ ✗ ✗ Flexi Term ✓ ✓ ✗ ✗ ✓ General Insurance Savings ✓ ✓ ✗ ✗ ✓ Investment Savings ✓ ✓ ✗ ✗ ✓ iSaver ✓ ✓ ✗ ✗ ✓ Kids Club Savings ✗ ✗ ✗ ✗ ✗ Max eSaver ✓ ✓ ✗ ✗ ✓ Mortgage Offset ✓ ✓ ✓ ✓ ✓ National Access ✓ ✓ ✓ ✓ ✓ Pensioner Deeming ✓ ✓ ✓ ✓ ✓ Salary Saver ✓ ✓ ✓ ✓ ✓

(32)

Fees and Charges

Defence Bank fees and charges applicable to the Electronic Banking facilities are detailed in the Fees and Charges Schedule. The Fees and Charges Schedule and our brochure titled ‘Tips for reducing your banking fees with Defence Bank’ are available at your nearest Defence Bank branch, by visiting defencebank.com.au or by calling 1800 033 139.

Merchant Surcharge

Some merchants and EFT terminals charge a surcharge for making EFT transactions. You should ask whether any surcharge applies and the amount of any surcharge before confirming the transaction. Once you have confirmed a transaction you will not be able to dispute the surcharge.

Government Charges

We reserve the right to debit your savings account with any applicable government charges as a result of using an electronic banking facility, Visa Card or rediCARD, including any government charges introduced after the account is established.

Specific Terms And Conditions –

Defence Bank Direct

These Terms and Conditions specifically cover our electronic banking products detailed in this DPS, namely Online Banking, Online Banking accessed via Mobile Banking, Telephone Banking and BPAY. These products are accessed via the Defence Bank Direct facility.

Introduction

You will need to be registered to use Defence Bank Online Banking or Defence Bank Telephone Banking. To register, call 1800 033 139, visit your Defence Bank branch or download the application forms from defencebank.com.au.

IMPORTANT

These Terms and Conditions will govern your access to Defence Bank Direct. It is therefore important that you read these Terms and Conditions carefully before you use Defence Bank Direct. These Terms and Conditions must be read in conjunction with your Visa Card/rediCARD Conditions of Use.

(33)

We strongly recommend that you stay abreast of this guide as it contains information that could be important to you in the future.

We will issue you with an initial password to enable you to log into Defence Bank Online Banking. Once you log in, you will need to set your transactional authentication password immediately to protect yourself from possible fraud. This transaction authentication password will enable you to make transactions/transfers and update personal details. You may also apply for a VIP Credential, which if granted replaces your transactional authentication password. When you make a transaction via Mobile Banking, an SMS Confirmation Number will be sent to your nominated mobile phone to enable you to authorise the transaction. You will use that SMS Confirmation Number to authorise the transaction instead of a transaction authentication password or VIP Credential. You do not need an SMS Confirmation Number or other Code when using Mobile Banking to validate transactions between accounts held with us under your member number.

To safeguard your usage of Defence Bank Direct, we recommend that you take these steps:

> Change your initial system generated password when you first use Defence Bank Direct

> Change your passwords at regular intervals

(passwords issued by Defence Bank expire after 14 days) > Never reveal your passwords to anyone

> Never write your passwords down

> Utilise all of the security provisions that we make available

> Immediately notify us of any change of address. Where doubt exists about the security of your passwords, you may change your passwords, by selecting the ‘Change Password’ option from the menu in either Defence Bank Direct Telephone Banking (for your Telephone Banking password) or Defence Bank Direct Online Banking (for your Online Banking passwords).

(34)

IMPORTANT NOTE

Online Banking and Telephone Banking allow for value transactions, such as bill payments and funds transfer, to be processed from your accounts, which are accessed by use of your member number and passwords. Over time, new functionality may also be added to Defence Bank Direct.

Please ensure that you are happy for value transactions to be carried out using this service. If any new functionality involving value transactions causes you concern, please advise us without delay so that we can discuss other alternatives which may better suit your needs. Defence Bank can be contacted:

> By telephone on (03) 8624 5888 or 1800 033 139 between 8am and 8pm, on business days (Melbourne time)

> By facsimile on (03) 8624 5892 > By email via info@defencebank.com.au > Via our website at defencebank.com.au

(24 hours per day)

> By mail to our Registered Office located at Level 5, 31 Queen Street, Melbourne VIC 3000. If you experience difficulties with Defence Bank Direct, please telephone Defence Bank on (03) 8624 5888 or 1800 033 139, 8am to 8pm, on business days (Melbourne time).

By accessing Defence Bank Direct you will be taken to have read, understood and accepted these Terms and Conditions. These Terms and Conditions apply to every Defence Bank Direct transaction and you will be legally bound by them.

1. Mutual Banking Code of

Practice/ePayments Code

(35)

2. Privacy

Defence Bank complies with the National Privacy Principles introduced under the Privacy Amendment (Private Sector) Act 2000 and as incorporated in the Mutual Banking Code of Practice.

3. Security and Access

3.1. You must maintain at all times a valid email address for delivery of transaction confirmation for Defence Bank Direct Online Banking. Transaction confirmation will be provided at the discretion of Defence Bank.

3.2. You agree to promptly notify us of any change of your email address.

3.3. It is your responsibility to select, obtain and maintain any equipment/software and communications facility which may be necessary to gain access to and to use Defence Bank Direct.

3.4. It is your responsibility to obtain, maintain and comply with the equipment requirements as advised and amended from time to time by us which may be necessary for you to access and use Defence Bank Direct.

3.5. It is your responsibility to utilise the security provisions provided by Defence Bank to ensure the security of your transactions.

3.6. You acknowledge that Mobile Banking will not enable you to utilise the full functionality of Online Banking. 3.7. You acknowledge that not all Internet enabled

(36)

3.8. You acknowledge that in accessing Defence Bank Direct you may incur costs from your telecommunications provider and are responsible for those costs.

3.9. You acknowledge that SMS Confirmation Numbers will be sent to your nominated mobile phone number. This is the number listed under your contact details within Online Banking. It is your responsibility to keep your contact details current and up to date.

4. VIP Credential

4.1. You may apply to us for issue of a VIP Credential by: (i) Registering with us

(ii) Accepting the VeriSign® Identity Protection End User Agreement, and

(iii) Downloading the VIP Credential software application to your mobile phone or mobile device.

4.2. You acknowledge that not all Internet enabled mobile phones or mobile devices are capable of using VIP Credentials.

4.3. Any VIP Credential issued to you is personal to you. 4.4. Use of a VIP Credential provides an additional level

of security for your Online Banking session and must not be shared with anyone else.

4.5. Your VIP Credential is used to authenticate transactions made via Online Banking. Your VIP Credential is your electronic password and mechanism to authorise transactions and suitable care and responsibility must be taken regarding its use and access.

4.6. Your VIP Credential resides on your nominated mobile phone or mobile device and it is your responsibility to ensure that you take care of your mobile phone or mobile device and prevent access to your mobile phone by persons not authorised in the same way as you are required to protect the security of your other passwords.

(37)

However once activated you will need to use your VIP Credential every time you use Online Banking to transact or update data, except for those transactions made via Mobile Banking which requires you to use an SMS Confirmation Number. 4.8. You may cancel your VIP Credential at any time by

contacting us.

4.9. You must keep your VIP Credential safe and secure and advise us immediately (by contacting us) if your VIP Credential or your nominated mobile phone or mobile device is lost, stolen or misused. We will then deactivate your VIP Credential.

5. Security Breaches

5.1. In this condition, the expression ‘you’ includes any person to whom a card or password has been issued or given with your consent.

5.2. If you suspect for any reason that anyone has discovered or may have discovered your passwords, then you must change your passwords by selecting the ‘Change Password’ option from the menu in either Defence Bank Direct Telephone Banking (for Telephone Banking password changes) or Defence Bank Direct Online Banking (for Online Banking password changes).

5.3. If you also suspect that your card or your card details are accessible to that person (particularly if you are unable for any reason to change your password) then we recommend you cancel your card by calling the Card hotline.

5.4. If your card is lost or stolen or you suspect for any reason that someone has a record of your card details and may use them to access your account, you must report this to the Card hotline to have your card cancelled.

5.5. The Card hotline will give you a reference number. Please retain this number as evidence of the date and time of your report.

5.6. The Card hotline is staffed 24 hours a day, 7 days a week.

(38)

loss, theft or unauthorised use must be reported to Defence Bank during business hours or the Visa Debit card/rediCARD hotline (when available) whichever is the sooner.

If the Card hotline is not operating at the time you attempt to call to cancel your card, we will be liable for any losses which:

(i) Are incurred after you attempt to call and (ii) Are due to the failure to cancel.

BUT ONLY if the loss, theft or unauthorised use is reported to us or the hotline within a reasonable time of either becoming available.

Cardholder lost and stolen card hotline 1800 648 027 Australia wide, 7 days a week, 24 hours a day

5.7. The Cardholder hotline is a dedicated call line established and operated by the industry solely for cancelling rediCARDs and Visa Cards. It cannot assist you with Defence Bank Direct or BPAY enquiries, system problems or password issues. If you report your card as lost or stolen to the Cardholder hotline, you should then also contact us on the next business day, to advise us of this cancellation, the reference number provided, and to arrange a replacement card.

6. Using Defence Bank

Direct (including BPAY)

6.1. This condition applies when you use Defence Bank Direct to make BPAY payments.

6.2. Defence Bank Direct can be used to make transactions of the type permitted by us and BPAY from time to time.

6.3. BPAY can be used to pay bills bearing the BPAY logo. We will advise you if and when other transactions can be made using BPAY.

(39)

6.5. If you instruct us to make any payment or transfer, but close the account to be debited before the payment or transfer is processed, you will remain liable for any dishonour fees incurred in respect of that transaction and we may exercise our rights of set-off under the condition in section 2 of Part 1 – Account Operation, Right to Set-Off.

6.6. We will take all reasonable steps to ensure that the information we make available to you through Defence Bank Direct is correct and regularly updated. 6.7. We will not be liable for or in connection with any

inaccuracy, error or omissions in any information made available to you via Defence Bank Direct being incorrect or non-current or occurring by reason of the system or communications network, ancillary equipment or any other circumstance beyond our reasonable control.

7. Processing of Defence

Bank Direct Transactions

(including BPAY)

7.1. This condition applies to the processing of all Defence Bank Direct transactions, including BPAY payments.

7.2. A payment or transfer using Defence Bank Direct is irrevocable. Except for future-dated BPAY payments addressed in condition (8) you cannot stop a payment or transfer once you have instructed us to make it and we cannot reverse it.

However, in the case of a mistaken Internet payment to an unintended recipient we may be able to request a return of funds as long as the payment was not made using BPAY. See section 2 of this Part for details. 7.3. A payment, other than a BPAY payment, is treated

as received by the person to whom it is directed, generally on the next business day after you direct us to make it.

7.4. A transfer is treated as made and received into the account specified generally on the same business day as you direct us to make it.

(40)

> On the date you direct us to make it, if we receive your direction by the cut off time on a business day and

> Otherwise, on the next business day after you direct us to make it.

7.6. Notwithstanding this, a delay may occur processing a BPAY payment if a biller, or another financial institution participating in BPAY, does not comply with its BPAY obligations.

7.7. Please note a delay may occur in processing a Defence Bank Direct payment or transfer in various circumstances.

8. Future-Dated BPAY

Payments

8.1. If you use this option you should be aware that: (i) You may arrange individual BPAY payments

in advance of the time for the payment. (ii) You can cancel a future-dated BPAY payment,

after you have given the direction but before the date for payment, via Online Banking or by contacting us on 1800 033 139. You cannot stop the BPAY payment on or after that date. You may arrange to make BPAY payments at regular ongoing intervals.

(iii) You are responsible for maintaining, in the account to be drawn on, sufficient cleared funds to cover all future-dated payments (and any other drawings) on the day(s) you have nominated for payment.

(41)

(v) You are responsible for checking your account transaction details or account statement to ensure the future-dated BPAY payment is made correctly.

(vi) You should contact us on 1800 033 139 if there are any problems with your future-dated payment.

9. Transaction Limits

9.1. We may limit the amount of payments or transfers you may make on any one day.

9.2. If at any time BPAY allows transactions other than bill payments to be processed through BPAY, we will advise you accordingly, however we may limit the amount you may transact on any one day via BPAY on the other transactions.

9.3. We will advise you of applicable transaction limits.

10. Refusing Defence Bank

Direct Transaction

Directions

10.1. You acknowledge and agree that:

(i) We may refuse for any reason to give effect to any request or direction you give us in respect of a transaction.

(ii) We are not liable to you or any other person for any loss or damage which you or that other person may suffer as a result of such refusal. (iii) If an account from which the payment or

(42)

11. Your Liability for

Defence Bank Direct

Payments and Transfers

11.1. You are liable for all transactions on your account carried out via Defence Bank Direct, including BPAY, by you or by anybody carrying out a transaction with your consent, regardless of when the transaction is processed to your account with us. 11.2. Your liability for losses arising from unauthorised

Defence Bank Direct transactions on your account depends on whether you or anybody using passwords with your consent contributed to the losses. For the purposes of this condition, the expression ‘you’ includes anybody using passwords with your consent. You contribute to the losses by any of the following (as well as in other ways): (i) Disclosing your passwords to any person

including your joint membership holder, a family member or friend;

(ii) Recording your passwords on your card or without making a reasonable attempt to disguise them;

(iii) Electing passwords that are easily recognisable, such as your name, date of birth or personal detail that can easily be identified;

(iv) Allowing any person to watch you or overhear you using your passwords;

(v) Failing to protect the security of the passwords by any other act recognised by any court, government agency or industry ombudsman as a serious act contributing to the loss; and (vi) Unreasonably delaying the notification of the

security breach in respect of the passwords. If you cannot memorise your passwords and must record them, then do not under

any circumstances:

(43)

telephone number, a birth date or by changing the order of the characters in the passwords) > Change your passwords to PINs generated by a

non-financial institution.

(vii) Leaving your mobile phone, mobile device, PC or access device logged into Online Banking or Mobile Banking.

(viii) Storing your User ID or Access Password on your mobile phone, mobile device, PC or access device.

11.3. If you contributed to the losses, you are liable for actual losses arising from unauthorised Defence Bank Direct transactions incurred during the relevant times* except:

(i) As set out in conditions 11.5 and 11.6 and/or (ii) To the extent that the actual losses exceed the

amounts you could lawfully have accessed from your account at the relevant times*, having regard to daily transaction limits, the account balance and any pre-arranged credit.

* The relevant times for these purposes are:

> In respect of conditions 11.2 (i) - (v): any time prior to reporting the loss or theft or unauthorised use or security breach in accordance with condition 5 – Security Breaches

> In respect of condition 11.2 (vi): the time from when you became aware of the loss or theft or unauthorised use or security breach (or should reasonably have become aware of any loss or theft of the card or unauthorised use) and the time when this was reported. 11.4. If it is not clear whether you contributed to the loss,

your liability in respect of unauthorised Defence Bank Direct transactions, is the lesser of:

(i) The actual losses prior to you reporting the loss or theft or unauthorised use or security breach (ii) $150; or

(iii) The balance in the affected account (including any prearranged credit limit).

11.5. You are not liable for losses arising from

(44)

(i) Fraudulent or negligent conduct of employees or agents of any organisation participating in Defence Bank Direct (including us and any biller)

(ii) The use of a password or a card or details from a card which is forged, faulty expired or cancelled (as applicable)

(iii) Completing a transaction accepted into Defence Bank Direct otherwise than in accordance with your instructions

(iv) A payment or transfer being debited more than once to your account

(v) A payment or transfer effected prior to you receiving your password.

11.6. You will also not be liable for any unauthorised Defence Bank Direct transaction if:

(i) It was made after your report to us of the loss or theft or unauthorised use or breach of security or password; or

(ii) It can be shown that you did not contribute to any unauthorised Defence Bank Direct transaction made prior to your report of the loss or theft or unauthorised use or breach of security or passwords.

12. Our Liability in Respect

of Defence Bank Direct

12.1. You agree that subject to your rights which are implied by law and which cannot be excluded by these Terms and Conditions, we will not be liable for:

(i) Any breakdown or interruption in the Defence Bank Direct (including BPAY) system due to circumstances which are not under our direct control

(ii) Any corruption of data or any breakdown or interruption to your computer or any other equipment utilised to access Defence Bank Direct

(45)

you provided if the error or delay is due to circumstances not under our direct control; or (iv) Any refusal of another party to receive any

Defence Bank Direct payment from you. 12.2. You agree that in the event of a breakdown or

interruption to the Defence Bank Direct system or any failure or error in any transmission of information in respect of Defence Bank Direct, we will not be liable for any resulting loss except that we will:

(i) Reverse any erroneous entry to your account caused by the malfunction

(ii) Refund any charges or fees imposed as a result; and

(iii) Re-transmit any information and/or repeat any interrupted service or process, as appropriate. 12.3. You agree that in any event, our liability to you

in respect of any Defence Bank Direct transaction or for your use of Defence Bank Direct does not include consequential, indirect or economic loss.

13. Resolving Errors on

Account Statements

13.1. All relevant Defence Bank Direct transactions and applicable fees will be recorded on the account statements of the accounts to which they are debited.

13.2. If you believe a Defence Bank Direct transaction entered on your statement is wrong, contact us and give the following details:

i. Your name and account number. ii. The date and amount of the transaction

in question

iii. The date of the account statement in which the transaction in question first appeared

iv. A brief and clear explanation of why you believe the transaction is unauthorised or

an error.

(46)

writing of the procedures for further investigation and resolution of the complaint and may request further relevant details from you.

13.4. After we have received from you details of your complaint, we will do any of the following: i. Advise you in writing of the results of our

investigation; or

ii. Advise you in writing that we require further information to complete our investigation. 13.5. In exceptional circumstances, that we must tell

you about in writing, we may require more time to complete our investigation. In such circumstances we will provide you with monthly updates on the progress of the investigation and its likely resolution date, except where we are waiting for a response from you and you have been advised that we require such a response.

13.6. If we find that an error was made, we will make the appropriate adjustments to your affected account, including interest and charges (if any) and will advise you in writing of the amount of the adjustment.

13.7. When we advise you of the outcome of our investigation, we will give you reasons for our decision by reference to these Terms and Conditions. We will advise you of any adjustments we made to your affected account and also advise you in writing of other avenues of dispute resolution. You may use these avenues of dispute resolution if you are not satisfied with our decision. 13.8. If we decide that you are liable for all or any part of

a loss arising out of an unauthorised Defence Bank Direct transaction, we will:

i. Give you copies of any documents or other evidence we relied upon in reaching this decision; and

ii. Advise you whether or not there was any system malfunction at the time of the transaction complained of.

(47)

14. Transaction Recording

It is recommended that you record all receipt numbers issued in respect of Defence Bank Direct transactions to assist in checking transactions against your statements. We recommend you record the receipt numbers on the relevant bills.

15. Transaction and Other

Fees

15.1. We will advise you whether we charge any fees, and the amount of such fees (including any dishonour fee), for:

i. Any Defence Bank Direct transaction; or ii. Giving you access to Defence Bank Direct; or iii. Any other service provided in relation to Defence

Bank Direct.

15.2. We will also advise you whether we will debit to you any government charges, duties or taxes arising out of a Defence Bank Direct transaction.

15.3. We may charge you with dishonour fees for any cheques, Electronic Funds Transfers and applicable future-dated payments that have failed due to insufficient cleared funds in the relevant account.

16. Changes to Terms and

Conditions

16.1. We may change these Terms and Conditions and any fees and charges from time to time.

16.2. We will notify you in writing at least 30 days before the effective date of change or such other longer period as may be required by law if the change to the Terms and Conditions will:

i. Impose or increase charges for Defence Bank Direct transactions; or

References

Related documents

Corrosion of Materials Other than Metal; Early Corrosion Studies; Fundamentals; Electrochemical Principles; Electromotive Force; Ionization; The Corrosion Cell; Oxidation and

Jacada WorkSpace is well suited for contact center environments where agents are either burdened with multiple desktop applications or where complex business rules (whether

◆ Auto-antifreeze: To prevent the pipes and pumps from being frozen, the unit will defrost automatically when it meets the condition as follows: the ambient temperature is

1 DEPRESS FOOT PEDAL 2 DISENGAGE ATTACHMENT 3 CHECK OIL INDICATOR LIGHTS RED BLACK RED RED BLACK BLACK BLACK BLACK WHITE WHITE RED RED YELLOW RED WHITE WHITE BLACK RED

 Post Login User may use the option Payments >> ‘Third Party Fund Transfer within the Bank’ - for transferring funds to the accounts within SyndicateBank..

Solution: AVEVA’s Asset Life Cycle Information Management solution; AVEVA’s Control of Work solution; AVEVA Enterprise Asset Management™.. Asset Visualisation

Construction (Design and Management) Regulations 2007 (SI 2007/320) S20 – Landlord and Tenant Act 1985 (as amended by s151 – Commonhold and Leasehold Reform Act 2002) Service

The repository is much like an ordinary file server, except that it remembers every change ever made to your files