Payment Systems (Regulation) Regulations 2006 (Cth)
made under the
This is a compilation of the
The notes at the end of this compilation
(the
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register ( The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
For more information about any editorial changes made in this compilation, see the endnotes.
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
These Regulations are the
Payment Systems (Regulation) Regulations 2006 .
In these Regulations:
Act means thePayment Systems (Regulation) Act 1998 .
For the purposes of paragraph 18A(2)(b) of the Act, the following standards are specified:
(a) the standard that is known as Standard No. 1 of 2016, The Setting of Interchange Fees in the Designated Credit Card Schemes and Net Payments to Issuers and that was determined by the Reserve Bank on 26 May 2016;
(b) the standard that is known as Standard No. 2 of 2016, The Setting of Interchange Fees in the Designated Debit and Prepaid Card Schemes and Net Payments to Issuers and that was determined by the Reserve Bank on 26 May 2016.
For subparagraph 51(1)(a)(ii) of the
Trade Practices Act 1974 , anything that is done in accordance with theAccess Regime for the ATM System , imposed by the Reserve Bank on 3 March 2009, is specified, and specifically authorised by this regulation.Note: An electronic version of the
Access Regime for the ATM System is accessible on the internet at
Endnotes Endnote 1 About the endnotes The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Abbreviation key—Endnote 2 The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history—Endnotes 3 and 4 Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes The
Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation “(md)” added to the details of the amendment included in the amendment history.
If a misdescribed amendment cannot be given effect as intended, the abbreviation “(md not incorp)” is added to the details of the amendment included in the amendment history.
Endnote 2 Abbreviation key
ad = added or inserted
o = order(s)
am = amended
Ord = Ordinance
amdt = amendment
orig = original
c = clause(s)
par = paragraph(s)/subparagraph(s)
C[x] = Compilation No. x
/sub‑subparagraph(s)
Ch = Chapter(s)
pres = present
def = definition(s)
prev = previous
Dict = Dictionary
(prev…) = previously
disallowed = disallowed by Parliament
Pt = Part(s)
Div = Division(s)
r = regulation(s)/rule(s)
ed = editorial change
reloc = relocated
exp = expires/expired or ceases/ceased to have
renum = renumbered
effect
rep = repealed
F = Federal Register of Legislation
rs = repealed and substituted
gaz = gazette
s = section(s)/subsection(s)
LA =
Legislation Act 2003 Sch = Schedule(s)
LIA =
Legislative Instruments Act 2003 Sdiv = Subdivision(s)
(md) = misdescribed amendment can be given
SLI = Select Legislative Instrument
effect
SR = Statutory Rules
(md not incorp) = misdescribed amendment
Sub‑Ch = Sub‑Chapter(s)
cannot be given effect
SubPt = Subpart(s)
mod = modified/modification
underlining = whole or part notNo. = Number(s)
commenced or to be commenced
Endnote 3 Legislation history
Number and year
FRLI registration
Commencement
Application, saving and transitional provisions 239, 2006
8 Sept 2006 (F2006L02980)
9 Sept 2006 (r 2)
44, 2009
16 Mar 2009 (F2009L00895)
17 Mar 2009 (r 2)
—
279, 2010
18 Nov 2010 (F2010L03013)
19 Nov 2010 (r 2)
—
Name
Registration
Commencement
Application, saving and transitional provisions Payment Systems (Regulation) Amendment (Interchange Fees) Regulations 2017
20 Apr 2017 (F2017L00453)
1 July 2017 (s 2(1) item 1)
—
Endnote 4 Amendment history
Provision affected
How affected r 2.............................................
rep LA s 48D
r 3.............................................
rep LA s 48C
r 5.............................................
am No 279, 2010
rs F2017L00453
r 6.............................................
ad No 44, 2009
am No 279, 2010
0
0
0