Payment Systems (Regulation) Amendment Regulations 2010 (No. 1) (Cth)

Payment Systems (Regulation) Amendment Regulations 2010 (No. 1)¹

Select Legislative Instrument 2010 No. 279

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Payment Systems (Regulation) Act 1998.

Dated 16 November 2010

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

WAYNE SWAN

Treasurer

Name of Regulations

These Regulations are the Payment Systems (Regulation) Amendment Regulations 2010 (No. 1).

Commencement

These Regulations commence on the day after they are registered.

Amendment of Payment Systems (Regulation) Regulations 2006

Schedule 1 amends the Payment Systems (Regulation) Regulations 2006.

Schedule 1 Amendments

(regulation 3)

[1] Paragraphs 5 (a) and (b)

substitute

(a)the standard titled The Setting of Wholesale (‘Interchange’) Fees in the Designated Credit Card Schemes;

(b)the standard titled The Setting of Interchange Fees in the Visa Debit Payment System;

(c)the standard titled The Setting of Interchange Fees in the EFTPOS System.

[2] Regulation 6

omit

of Australia

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See