Document ID: chunk:federal_register_of_legislation:F2022C00002:body:0:p9
Version: federal_register_of_legislation:F2022C00002
Segment Type: other
Provision Reference: 
Character Range: 20258–23028

or 31 March;

    Reference Period means a 12 month period ending on the last day of a Quarter;

    Regular Price means, in relation to Property or a service, a supplier and a Direct Issuer Participant at any time, the price at which the supplier is regularly supplying Property or services of the same description to entities of a class, group or type that includes the Direct Issuer Participant at that time;

    Related Body Corporate has the meaning given in the Corporations Act 2001;

    Relevant Portion has the meaning given to it in clause 5.2;

    Reporting Period means a 12 month period ending 30 June;

    Rules of a Scheme or Rules of the Scheme means the constitution, rules, by-laws, procedures and instruments of the relevant Scheme as applied in Australia, and any other arrangement relating to the Scheme by which participants in that Scheme in Australia are, or consider themselves to be, bound;

    Scheme Benchmark is 8.0 cents;

    Scheme Pair means:

       (a) VISA Debit and VISA Prepaid;

       (b) Debit MasterCard and MasterCard Prepaid; or

       (c) EFTPOS System and EFTPOS Prepaid;

    Scheme Pair Transaction has the meaning given in clause 5.1;

    Sponsor means:

       (a) in relation to a Scheme which is VISA Debit, VISA Prepaid, Debit MasterCard or MasterCard Prepaid, a participant in the Scheme in Australia who has accepted responsibility in whole or in part for, or to act as agent for, another entity under and in accordance with the Rules of the Scheme so that the other entity may participate in the Scheme; and

       (b) in relation to a Scheme which is EFTPOS System or EFTPOS Prepaid, a participant in the Scheme in Australia who has accepted responsibility to carry out settlement (the process of exchanging value to discharge payment obligations between Issuers and Acquirers), directly or indirectly, on behalf of one or more other entities,

    and Sponsorship has a corresponding meaning;

    SNDC Transaction means a Debit Card Transaction that is not effected using a DNDC;

    include or including or such as when introducing an example do not limit the meaning of the words to which the example relates to that example or examples of a similar kind; and

    terms defined in the Act have the same meaning in this Standard.

    2.4 For the purposes of this Standard:

       (a) a provision of a plan, arrangement or agreement shall be deemed to have a particular purpose if the provision was included in the plan, arrangement or agreement by a party or parties for purposes that include that purpose and that purpose was a substantial purpose; and

       (b) conduct including the payment or receipt of a fee or the giving of a benefit or other valuable consideration shall be deemed to have