Document ID: chunk:federal_register_of_legislation:F2022C00003:body:0:p10
Version: federal_register_of_legislation:F2022C00003
Segment Type: other
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Character Range: 22338–25357

period covered by the statement begins and ends (Statement Period). For that purpose, for all statements except the first, the date a statement period begins must be the day after the day the immediately previous statement period ends;

      (b) for the relevant Statement Period:

          (i) the aggregate cost of the Acquirer Supplied Elements of the Cost of Acceptance for the Merchant of:

             (A) Credit Cards of each applicable Credit Card Scheme; and

             (B) Debit Cards and Prepaid Cards of each applicable Scheme Pair,

          over the Statement Period (each such aggregate being a Month Element Cost Total);

          (ii) the aggregate value of Card Transactions Acquired for the Merchant for:

             (A) each applicable Credit Card Scheme; and

             (B) each applicable Scheme Pair,

          over the Statement Period (each such aggregate being a Month Value Total); and

          (iii) for each applicable Credit Card Scheme and each applicable Scheme Pair, the Month Element Cost Total expressed as a percentage of the corresponding Month Value Total; and

      (c) if it is the statement for the last full Statement Period within a Financial Year:

          (i) the aggregate cost of the Acquirer Supplied Elements of the Cost of Acceptance for the Merchant over the 12 month period ending on the last day of that Statement Period (an Annual Period) of:

             (A) Credit Cards of each applicable Credit Card Scheme; and

             (B) Debit Cards and Prepaid Cards of each applicable Scheme Pair,

          (each such aggregate being an Annual Element Cost Total);

          (ii) the aggregate value of Card Transactions Acquired for the Merchant for:

             (A) each applicable Credit Card Scheme; and

             (B) each applicable Scheme Pair,

          over the Annual Period (each such aggregate being an Annual Value Total); and

          (iii) for each applicable Credit Card Scheme and each applicable Scheme Pair, the Annual Element Cost Total expressed as a percentage of the corresponding Annual Value Total.

    7.3 An Acquirer will not contravene clause 7.1 or 7.2 if:
      (a) the Acquirer provided Acquiring services to the Merchant indirectly via a Payment Facilitator;

      (b) prior to the time the Acquirer was required to notify or give a statement under clause 7.1 or 7.2 (as applicable), it entered into a written agreement with the Payment Facilitator which obliged the Payment Facilitator to provide the notice and statements described in clauses 7.1 and 7.2 at the times described in those clauses;

      (c) after conducting due inquiries of the Payment Facilitator before that agreement was entered into, the Acquirer was satisfied that the Payment Facilitator had sufficient processes in place to provide those notices and statements at the times described in clauses 7.1 or 7.2 (as applicable); and

      (d) after entering into that agreement and prior to the time the notice or statement (as the