Document ID: chunk:federal_register_of_legislation:F2019N00027:body:0:p32
Version: federal_register_of_legislation:F2019N00027
Segment Type: other
Provision Reference: 
Character Range: 79904–82620

any Scheme in the Scheme Pair; and

       (ii) any of the following earned, accrued or receivable for agreeing to issue Cards of any Scheme in the Scheme Pair or for Card Transactions undertaken in any Scheme in the Scheme Pair meeting or exceeding a specific transaction volume, percentage share or dollar amount of transactions processed:

          (A) a rebate on any fees or other costs or charges, whether for a Core Service or for any other product or service;

          (B) a discount from the list, standard or usual price of any product or service, whether the product or service is related to Cards of any Scheme in the Scheme Pair or not;

    Indirect Issuer Participant means in relation to a Scheme, a participant in that Scheme in Australia as an Issuer that participates in the Scheme in Australia as Issuer through the Sponsorship of another participant in that Scheme. Without limitation, for:

       (a) Debit MasterCard and MasterCard Prepaid this means any Affiliate Customer as defined in the Rules of the Scheme in its capacity as Issuer; or

       (b) VISA Debit and Visa Prepaid this means any Participant-Type Member or Associate-Type Member, each as defined in the Rules of the Scheme, in its capacity as Issuer; or

       (c) EFTPOS System and EFTPOS Prepaid this means any eftpos Issuer that is a Non-clearer, with each of those expressions having the meaning given in the Rules of the Scheme;

    Interchange Fee Category has the meaning given to it in clause 4.1(b);

    Interchange Fees means in relation to a Scheme, wholesale fees, known as interchange fees, which are payable between an Issuer and an Acquirer, directly or indirectly, in relation to Card Transactions in the Scheme but excluding any such fees to the extent that they are referable only to the obtaining of cash by the Card holder;

    Issuer means a participant in a Scheme in Australia that has a contractual relationship with its customers under which it issues Debit Cards or Prepaid Cards of a Scheme (as the case may be) to its those customers or their nominees;

    Issuer Payments has the meaning given to it in clause 5.2;

    Issuer Receipts has the meaning given to it in clause 5.2;

    Merchant means, in relation to a Scheme, a merchant in Australia that accepts a Card of that Scheme for payment for goods or services;

    Multilateral Interchange Fee means, in relation to a Scheme, an Interchange Fee that is determined by an administrator of the Scheme and applies regardless of the identity of the Acquirer or Issuer paying or receiving the Interchange Fee;

    Net Compensation has the meaning given to it in clause 5.1;

    Prepaid Card of a Scheme or Prepaid Card of that Scheme