Common use of Limited liability for unauthorised transactions Clause in Contracts

Limited liability for unauthorised transactions. If there are unauthorised transactions on a facility account by use of the access code and it is unclear whether or not you contributed to any loss caused by the unauthorised use of your access code, you are liable for the lesser of: • $150; • the available credit on the facility account; or • the actual loss at the time we were notified that the access code has become known to someone else (excluding that portion of the losses incurred which exceeds any daily transaction or other transaction limit(s) on the facility account). In determining your liability under this clause, we will consider all reasonable evidence including all reasonable explanations for unauthorised use having occurred. The fact that a facility account is accessed with the correct access code, while significant, is not of itself conclusive evidence that you have contributed to the loss.

Limited liability for unauthorised transactions. If there are unauthorised transactions on a facility account by use of the access code or password and it is unclear whether or not you contributed to any loss caused by the unauthorised use of your access codecode or password, you are liable for the lesser of: • $150; • the available credit on the facility account; or • the actual loss at the time we were notified that the access code or password has become known to someone else (excluding that portion of the losses incurred which exceeds any daily transaction or other transaction limit(s) on the facility account). In determining your liability under this clause, we will consider all reasonable evidence including all reasonable explanations for unauthorised use having occurred. The fact that a facility account is accessed with the correct access codecode or password, while significant, is not of itself conclusive evidence that you have contributed to the loss.

Limited liability for unauthorised transactions. If there are unauthorised transactions on a facility account by use of the access code or password and it is unclear whether or not you contributed to any loss caused by the unauthorised use of your access code, you are liable for the lesser of: • $150; • the available credit on the facility account; or • the actual loss at the time we were notified that the access code or password has become known to someone else (excluding that portion of the losses incurred which exceeds any daily transaction or other transaction limit(s) on the facility account). In determining your liability under this clause, we will consider all reasonable evidence including all reasonable explanations for unauthorised use having occurred. The fact that a facility account is accessed with the correct access codecode or password, while significant, is not of itself conclusive evidence that you have contributed to the loss.