Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_9
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 1806755–1808024

9                                                               an administrator of a payment system (within the meaning of the Payment Systems (Regulation) Act 1998)               a transaction involving an electronic payment if:
                                                                                                                                                                                     (a) the transaction is facilitated by the payment system on behalf of an entity; and
                                                                                                                                                                                     (b) the administrator reasonably believes that the transaction:
                                                                                                                                                                                     (i) provides a payment to the entity, or provides a refund or cash to a customer of the entity; and
                                                                                                                                                                                     (ii) is for the purposes of a *business carried on by the entity