Document ID: chunk:federal_register_of_legislation:F2019N00027:body:0:p39
Version: federal_register_of_legislation:F2019N00027
Segment Type: other
Provision Reference: 
Character Range: 97509–100314

relevant Scheme Pair issued by that Issuer over during the Reporting Period as a proportion of the total value of the transactions undertaken in any payment system to which the Benefit relates over during the Reporting Period using Devices issued by that Issuer. This does not preclude an apportionment in another way that meets the requirements of clause 5.2(c);

       (e) where a Benefit referred to in paragraph (a), (b) or (c) relates to a period that spans more than one Reporting Period, the Benefit or, in the case of a Benefit referred to in paragraph (c), the Relevant Portion of the Benefit, may be allocated among Reporting Periods, on a pro-rata basis based on the number of months in each relevant Reporting Period to which the Benefit relates provided that in which case the allocation must:

          (i)  be on a pro-rata basis based on the number of months in each relevant Reporting Period to which the 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:

          (iiii) 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;

          (iiiv) 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

          (iiiv) 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 accrue 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 a Scheme in Australia or any of its Associated Entities that meets the Incentive Test in relation to the