“Sending a debit card or credit card to a person who did not ask for one is prohibited under section 12DL of the Australian Securities and Investments Commission (Asic) Act 2001.” https://www.theguardian.com/commentisfree/2020/dec/02/the-cashless-debit-card-could-be-another-robodebt-style-fiasco
“Indue was granted a no-action letter by Asic in 2016. The no-action letter confirmed that the commission would not take any action against Indue for sending the card to people who did not ask for or want one.”
“Agreeing to take no action is not the same as saying that sending unsolicited cards to people is not a contravention of the law.”
“In our view, the government’s commitment to pass this bill jeopardises the integrity of Asic’s regulatory powers. These powers should not be vulnerable to being switched on and off.”