Document ID: chunk:federal_register_of_legislation:C2005A00065:clause:1_18a
Version: federal_register_of_legislation:C2005A00065
Segment Type: clause
Provision Reference: sch 1 cl 18A
Character Range: 1004–1890

18A  Authorisation of conduct under certain standards for the purposes of the Trade Practices Act 1974

 (1) For the purposes of subparagraph 51(1)(a)(i) of the Trade Practices Act 1974, anything that is done:
 (a) by a participant in relation to the setting, or charging, of wholesale fees (also known as interchange fees) payable under a payment system to which an interchange fees standard applies; and
 (b) in accordance with that standard;
is taken to be specified in, and specifically authorised by, this Act.

 (2) In this section:

interchange fees standard means any of the following standards as amended and in force from time to time:
 (a) a standard that is known as Standard No. 1, The Setting of Wholesale ("Interchange") Fees and that was determined by the Reserve Bank on 26 August 2002;
 (b) a standard specified by the regulations for the purposes of this paragraph.