Document ID: chunk:federal_register_of_legislation:F2022C00001:body:0:p11
Version: federal_register_of_legislation:F2022C00001
Segment Type: other
Provision Reference: 
Character Range: 25463–28403

Benefit relates if an allocation on that basis would fairly and reasonably align the Benefit to the activity to which the Benefit relates; or

          (ii) otherwise on some other basis that fairly and reasonably aligns the allocation of the Benefit to the activity to which the Benefit relates,

       in each case provided that:

          (iii) no part of it is allocated to any Reporting Period the whole of which occurs before the term of the contract or arrangement under which the Benefit is payable, receivable or allowable has commenced;

          (iv) no part of it is allocated to any Reporting Period the whole of which occurs after the term of the contract or arrangement under which the Benefit is payable, receivable or allowable has ended; and

          (v) it may not be allocated among more than 10 consecutive Reporting Periods;

       (f) a Direct Issuer Participant who adopts a particular method permitted by clause 5.2 of this Standard of:

          (i) determining whether and to what extent:

            (A) Benefits are earned or accrued during, or are receivable in respect of, a Reporting Period for the purposes of paragraph 5.2(a); or

            (B) Core Services are provided during or in respect of a Reporting Period for the purposes of paragraph 5.2(b); or

          (ii) allocating or apportioning Benefits for the purpose of paragraph (c), (d) or (e),

       must, unless the Reserve Bank of Australia otherwise agrees in writing, continue to use the same method consistently from one Reporting Period to the next; and

       (g) for the purpose of this clause 5, a Direct Issuer Participant must ensure that:

          (i) a Benefit paid, allowed or otherwise provided, directly or indirectly, by the administrator of the Scheme in Australia or any of its Associated Entities that meets the Incentive Test is included as a Direct Issuer Participant Receipt in the calculation of Net Compensation in respect of a Reporting Period; and

          (ii) an amount treated as a Direct Issuer Participant Payment in the calculation of Net Compensation in respect of a Reporting Period is not included as a Direct Issuer Participant Payment in the calculation of Net Compensation for any other Reporting Period.

    6. Reporting and Transparency

    6.1 An administrator of a Scheme in Australia or a representative of the participants in the Scheme in Australia must publish on the Scheme's website:

       (a) the Multilateral Interchange Fee rates or amounts (whichever is applicable) of the Scheme in Australia, including the rates or amounts for each Interchange Fee Category; and

       (b) the International Multilateral Interchange Fee rates or amounts (whichever is applicable) of the Scheme, including the rates or amounts for each International Interchange Fee Category.

    6.2 Each:

       (a) Acquirer; and

       (b) Issuer that is a Direct Issuer Participant,

    that is