Promises and puzzles of electronic purses
Article Abstract:
The introduction of smart cards, plastic cards that contain microchips and can be used to make purchases at many locations, may provided consumers with greater convenience and merchants and banks with cost savings, but many legal and security issues still need to be resolved. The electronic value placed on the card needs to be secure in case of loss or theft, and allocation of liability needs to be clarified. There is also the risk that untraceable electronic cash transfers may be particularly appealing to money launderers. The privacy of financial information stored on the card needs to be preserved as well.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1995
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Commonwealth legislative reforms: stalled but not forgotten
Article Abstract:
Efforts by the Australian government during 1998 to enact legislation reforming the Commonwealth Administrative Law, despite previous failure to pass in Parliament, are outlined. The government wants to streamline the federal tribunal system by amalgamating various tribunals and improving accessibility to the system through the use of technology, such as video conferencing; it is also seeking to enact legislation streamlining the process used in making of federal subordinate laws.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1999
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Tracing electronic cash: fraud and the electronic transfer and storage of value
Article Abstract:
Electronic banking systems in Australia, including smart card systems and Internet payment systems, are susceptible to fraud that can be dealt with by tracing. The first step in applying current tracing rules is to resolve whether the value stored or transferred is to be treated like chattel money or bank money. Further legislative guidance, but not codification of tracing rules in lieu of case-by-case treatment, is in order.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1999
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