Document ID: chunk:federal_register_of_legislation:F2012C00623:body:0:p3
Version: federal_register_of_legislation:F2012C00623
Segment Type: other
Provision Reference: 
Character Range: 5617–8892

From 3 March 2009, no interchange fee shall be paid between participants in the ATM system in relation to any ATM transaction, unless the interchange fee is being paid by:

            (i)            a participant with a one-way arrangement to access one, and only one, other participant's ATMs and the fee is paid in respect of this arrangement; or

            (ii)         a participant that is a member of an ATM sub-network and the fee is the common interchange fee payable between the members of the sub-network, and the fee is paid to another member of that sub-network.

         12.                                      A participant that pays an interchange fee in a one-way arrangement cannot receive an interchange fee from any other participant in the ATM system unless both those participants are members of an ATM sub-network and the interchange fee is the common interchange fee payable between members of the sub-network.

Transparency

         13.                                      Each ATM Acquirer in the ATM system that receives an interchange fee within the terms of sub-paragraph 11(i) must report that arrangement to the Reserve Bank of Australia no later than 3 April 2009 for existing arrangements or within thirty days of the date the arrangement is entered into for new arrangements.

         14.                                      The administrator of an ATM sub-network or a representative of the participants in an ATM sub-network must publish the multilateral interchange fee of the sub-network on the administrator's website or on a representative of the participants' website, or make the multilateral interchange fee generally available through other means.

         15.                                      The administrator of an ATM sub-network must publish the rules that govern access to the sub-network.

Exemptions from paragraphs 11 and 12 of this Regime

         16.                                      The Reserve Bank may grant an exemption to a participant in the ATM system from any or all of the requirements of paragraphs 11 and 12 where it is satisfied that the exemption is appropriate, having regard to:

            (a)          whether granting the exemption would be in the public interest;

            (b)          the interests of current participants in the system;

            (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.

         17.                                      Where the Reserve Bank grants an exemption it will publish notice on its website that an exemption has been granted, the nature of the exemption and the identity of the participant(s) involved.

Notes to the Access Regime for the ATM System
Note 1
The Access Regime for the ATM System (in force under section 12 of the Payment Systems (Regulation) Act 1998) as shown in this compilation is amended as indicated in the Tables below.

Table of Instruments
Title                                               Date of FRLI registration      Date of       Application, saving or
                                                                                   commencement  transitional provisions
 Access