Qantas, Virgin get nod for controversial debit cards
Sydney
AUSTRALIAN airlines Qantas Airways and Virgin Australia Holdings have been given the go-ahead for controversial plans to send unsolicited and potentially illegal debit cards to their millions of frequent flyer members, according to a report.
Corporate regulator the Australian Securities and Investment Commission (ASIC) has given the airlines a "no-action" letter regarding the cards, meaning they do not plan any regulatory response, according to Compliance Complete, a Thomson Reuters publication.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Geely, Foretellix partner to jump-start self driving car development
Ferrari posts underwhelming earnings amid flat deliveries
Tesla’s China-made EV sales fall 18% y/y in April
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%