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Payment Systems (Regulation) Act 1998
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Administered by
Department of the Treasury
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C2004A00318
29 June 1998
-
30 June 2005
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Part 1—Preliminary
1 Short title
2 Commencement
3 Crown is bound by this Act
4 Application of this Act to external Territories
5 Application of Criminal Code
6 Overview of Act
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Part 2—Interpretation
7 Definitions
8 Meaning of public interest
9 Meaning of purchased payment facility and holder of the stored value
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Part 3—Regulation of payment systems
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Division 1—Overview
10 Overview of main regulatory provisions
Division 2—Designation of payment systems
11 Reserve Bank may designate payment systems
Division 3—Access to designated systems
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Subdivision A—Access regimes
12 Imposition of access regime
13 When access regimes are in force
14 Variation of access regime
15 When access regimes cease to be in force
Subdivision B—Enforcement of access regimes
16 Right to ask Reserve Bank to give a direction
17 Right to apply to the Federal Court
Division 4—Standards for designated systems
18 Reserve Bank may make standards for designated systems
Division 5—Arbitration of disputes relating to designated systems
19 Disputes to which Division applies
20 Arbitration of disputes
Division 6—Directions to participants in designated systems
21 Directions
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Part 4—Regulation of purchased payment facilities
22 Holder of stored value must be an ADI or be authorised or exempted under this Part
23 Authority to be the holder of the stored value
24 Directions on failure to comply with conditions
25 Exemptions
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Part 5—Miscellaneous
26 Persons to give Reserve Bank information
27 Power to determine requirements for applications
28 Consultation obligations
29 Notification obligations
30 Power to publish by other means
31 Delegation
32 Regulations