Hi Suzi
You are correct there is no formal requirement in legislation or regulations. We wont be allowing direct debit in the form announced in the manual.
The advice I have been provided by our finance cash book staff is that this is outside of our policy and the nab wont allow the transaction to occur.
We have another workgroup meeting scheduled for early May and this matter will be discussed then.
I hope this is helpful.
Regards,
Andrew
