Document ID: chunk:federal_register_of_legislation:F2022C00003:body:0:p4
Version: federal_register_of_legislation:F2022C00003
Segment Type: other
Provision Reference: 
Character Range: 7483–10148

a code or device used or to be used for only one transaction;
    EFTPOS Scheme Rules means the rules promulgated under the constitution of EFTPOS Payments Australia Limited (ABN 37 136 180 366) and any schedule, document, specification or rule published by EFTPOS Payments Australia Limited pursuant to those rules;
    Financial Year means a period from 1 July to the following 30 June;
    Issuer means an entity that issues Cards of a Scheme to its customers;
    Large Merchant means a Merchant that satisfies two or all of the following:
      (a) the consolidated gross revenue for the Financial Year ended 30 June 2015 of the Merchant and its Related Bodies Corporate was $25 million or more;
      (b) the value of the consolidated gross assets at 30 June 2015 of the Merchant and its Related Bodies Corporate was $12.5 million or more;
      (c) as at 30 June 2015 the Merchant and its Related Bodies Corporate between them had 50 or more employees (whether full time, part time, casual or employed on any other basis);
Merchant means, in relation to a Scheme, a merchant in Australia that accepts a Card of that Scheme for payment for goods or services;
    Merchant Service Fee means a transaction-based fee (or a time-period-based fee that covers a specified or maximum number of transactions) charged to a Merchant by an Acquirer for Acquiring, or by a Payment Facilitator for arranging the Acquisition of, one or more types of Card Transaction from that Merchant whether collected on an ad valorem or flat-fee basis, or charged as a blended or bundled rate across more than one type of Card Transaction or on an interchange plus acquirer margin basis or any other basis;
    Payment Facilitator means an entity which arranges or procures Acquiring services from an Acquirer for one or more Merchants;
    Payment Service Provider means, in relation to a Merchant and a Scheme, an entity that is not a Related Body Corporate of the Merchant that provides services and/or equipment to the Merchant that directly relate to, or are directly used for or in connection with, the acceptance by that Merchant of Cards of that Scheme for payment for goods or services;
    Permitted Cost of Acceptance Elements in relation to a Merchant and a Scheme are the fees and premiums referred to in clause 5.1(a) for that Merchant and that Scheme;
    Permitted Surcharge has the meaning given to it in clause 4.1;
    Prepaid Card, Prepaid Card of a Scheme or Prepaid Card of that Scheme means, in relation to a Scheme, a Device that can be used in Australia, under the Rules of the Scheme, to make payments for goods or services using a store of value that has been