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Access Regime for the ATM System
as amended
made under section 12 of the
Payment Systems (Regulation) Act 1998
This compilation was prepared on 30 August 2012
taking into account amendments up to Variation to the Access Regime for the ATM System, published in the Gazette on 29 August 2012.
Prepared by the Reserve Bank of Australia

Access Regime

Access Regime for the ATM System

Objective

The objective of this Access Regime is to promote competition and efficiency in the Australian payments system, having regard to:

     (i)                     the interests of current participants in the ATM system;

     (ii)                   the interests of people who, in the future, may want access to the ATM system;

     (iii)                 the public interest; and

     (iv)                  the financial stability of the ATM system.

Application

          1. This Access Regime is imposed under Section 12 of the Payment Systems (Regulation) Act 1998.

          2. This Access Regime applies to the payment system operated within Australia known as the ATM system, which was designated as a payment system on 10 December 2008 and is referred to in this Access Regime as the ATM system.

          3. In this Access Regime:

         'Access Provider' has the same meaning as in the ATM Access Code;

         'Access Seeker' has the same meaning as in the ATM Access Code;

         'APCA' means the Australian Payments Clearing Association Limited (ABN 12 055 136 519);

         'APCA's 2008 costs survey' is the survey, conducted by APCA, of the estimated incremental direct costs to Access Providers of providing to an Access Seeker a Direct Connection Service or a Direct Clearing/Settlement Service, the final results of which were supplied to the Reserve Bank of Australia in November 2008;

         an 'ATM' means an automatic teller machine in Australia;

         an 'ATM Acquirer' has the same meaning as in the ATM Access Code;

         'ATM Access Code' means the ATM Access Code adopted by ATM Access Australia Limited (ABN 53 130 571 103) on 23 February 2009 to commence on 3 March 2009, and as varied from time to time;

         an 'ATM Issuer' has the same meaning as in the ATM Access Code;

         an 'ATM sub-network' is a component of the ATM system for which access is provided on a multilateral basis, rather than by bilateral negotiation, and for which there is a common, multilateral interchange fee;

         'ATM transaction' means a cash withdrawal, balance enquiry, or any other service obtained from an ATM in the ATM system in Australia;

         'Connection Agreement' has the same meaning as in the ATM Access Code;

         'Connection Charge' means the charge payable by an Access Seeker to an Access Provider under a Connection Agreement as described in Clause 3 of Schedule 3 of the ATM Access Code;

         'Direct Clearing/Settlement Service' has the same