REVOCATION UNDER THE PAYMENT SYSTEMS (REGULATION) ACT 1998
Revocation of Designation No 2 of 2004 (the designation of the EFTPOS system)
This notice is published in accordance with the requirements set out in Section 11(3) of the Payment Systems (Regulation) Act 1998.
With effect on 1 September 2015, the Reserve Bank of Australia revokes the designation, notice of which was published in the Gazette on 9 September 2004, of the debit card payment system operated within Australia known as the EFTPOS system, as it no longer considers that it is in the public interest that this system be designated.
For the avoidance of doubt, nothing in this notice affects ‘Designation No 1 of 2012’, being the designation of the debit card payment system operated within Australia known as the EFTPOS system and notice of which was published in the Gazette on 12 June 2012.
Signed
Glenn Stevens
Governor
Reserve Bank of Australia
Date: 27 August 2015