Payment Systems (Regulation) Act 1998 - Revocation of The Standard The ‘Honour All Cards’ Rule in the Visa Debit and Visa Credit Card Systems and the ‘No Surcharge’ Rule in the Visa Debit System (Cth)
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REVOCATION UNDER THE PAYMENT SYSTEMS (REGULATION) ACT 1998
REVOCATION OF THE STANDARD THE ‘HONOUR ALL CARDS’ RULE IN THE VISA DEBIT AND VISA CREDIT CARD SYSTEMS AND THE ‘NO SURCHARGE’ RULE IN THE VISA DEBIT SYSTEM
Pursuant to subsection 18(3) of the Payment Systems (Regulation) Act 1998, the Reserve Bank of Australia revokes, with effect on 1 September 2016, the Standard The ‘Honour All Cards’ Rule in the Visa Debit and Visa Credit Card Systems and the ‘No Surcharge’ Rule in the Visa Debit System.
Signed
Glenn Stevens
Governor
Reserve Bank of Australia
Date: 31 August 2016
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