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Payment Systems and Netting Act 1998
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Department of the Treasury
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C2004A00338
02 July 1998
-
14 July 2001
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Part 1—Preliminary
1 Short title
2 Commencement
3 Crown bound by this Act
4 Application of Criminal Code
5 Definitions
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Part 2—Integrity of approved RTGS payment systems
6 External administration not to affect transactions carried out on the day of appointment
7 Obligation to notify system administrator of external administration
8 Application for approval of payment system
9 Reserve Bank may approve payment system
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Part 3—Integrity of approved netting arrangements
10 Effectiveness of approved multilateral netting arrangements
11 Application for approval of netting arrangement
12 Reserve Bank may approve netting arrangement
13 Qualified privilege
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Part 4—Close-out netting contracts
14 Effectiveness of close-out netting contracts
15 Declaration that section 14 does not apply
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Part 5—Market netting contracts
16 Effectiveness of market netting contracts
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Part 6—Administration
17 Prescribed forms
18 Regulations