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RBA Glossary definition for direct debit
direct debit – A pre-authorised debit on the payer's bank account initiated by the recipient (payee).
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A non-profit, volunteer organisation, advocating to advance the interests ...
11 Feb 2020
DOC
93KB
The arrangements for consumers to cancel direct debits and recurring card payments need to be improved. ... Establishing by businesses of consumer authorisation for multiple direct debits for the same product or service should be prohibited.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC