S-242
Second Session, Fortieth Parliament,
57-58 Elizabeth II, 2009
SENATE OF CANADA
BILL S-242
An Act to amend the Canadian Payments Act (debit card payment systems)
first reading, October 6, 2009
THE HONOURABLE SENATOR RINGUETTE
4020915
SUMMARY
This enactment amends the Canadian Payments Act to designate certain debit card payment systems.
Available on the Parliament of Canada Web Site at the following address:http://www.parl.gc.ca
2nd Session, 40th Parliament,
57-58 Elizabeth II, 2009
senate of canada
BILL S-242
An Act to amend the Canadian Payments Act (debit card payment systems)
R.S., c. C-21
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. Section 37 of the Canadian Payments Act is amended by adding the following after subsection (5):
Designated payment systems
(6) The following payment systems are hereby designated:
(a) the payment system operated by the Interac Association; and
(b) the payment systems operated in Canada in connection with Visa and MasterCard debit cards.
Application of certain provisions
(7) For greater certainty, subsections (2), (3) and (5) do not apply to the designations under subsection (6).
Published under authority of the Senate of CanadaAvailable from:Publishing and Depository ServicesPublic Works and Government Services Canada
Explanatory Notes
Canadian Payments Act
Clause 1: New.