Document ID: chunk:federal_register_of_legislation:C2020C00336:section:12
Version: federal_register_of_legislation:C2020C00336
Segment Type: section
Provision Reference: s 12
Character Range: 10557–11332

12  Imposition of access regime
 (1) The Reserve Bank may, by legislative instrument, impose an access regime on the participants in a designated payment system.
 (2) The access regime imposed must be one that the Reserve Bank considers appropriate, having regard to:
 (a) whether imposing the access regime would be in the public interest; and
 (b) the interests of the current participants in the system; and
 (c) the interests of people who, in the future, may want access to the system; and
 (d) any other matters the Reserve Bank considers relevant.
 (5) As soon as practicable after imposing the access regime, the Reserve Bank must provide notification under section 29.
 (6) A failure to comply with subsection (5) does not affect the validity of the access regime.