Document ID: chunk:federal_register_of_legislation:C2020C00336:front:0:p1
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Payment Systems (Regulation) Act 1998

No. 58, 1998

Compilation No. 6

Compilation date: 1 October 2020

Includes amendments up to: Act No. 64, 2020

Registered: 28 October 2020

About this compilation

This compilation

This is a compilation of the Payment Systems (Regulation) Act 1998 that shows the text of the law as amended and in force on 1 October 2020 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
3 Crown is bound by this Act
4 Application of this Act to external Territories
5 Application of Criminal Code
6 Overview of Act
Part 2—Interpretation
7 Definitions
8 Meaning of public interest
9 Meaning of purchased payment facility and holder of the stored value
Part 3—Regulation of payment systems
Division 1—Overview
10 Overview of main regulatory provisions
Division 2—Designation of payment systems
11 Reserve Bank may designate payment systems
Division 3—Access to designated systems
Subdivision A—Access regimes
12 Imposition of access regime
13 When access regimes are in force
14 Variation of access regime
15 When access regimes cease to be in force
15A Authorisation of conduct under access regime for the purposes of the Competition and Consumer Act 2010
Subdivision B—Enforcement of access regimes
16 Right to ask Reserve Bank to give a direction
17 Right to apply to the