Document ID: chunk:federal_register_of_legislation:C2020C00336:section:29
Version: federal_register_of_legislation:C2020C00336
Segment Type: section
Provision Reference: s 29
Character Range: 32165–32977

29  Notification obligations

Notification of determination or variation of standard or imposition or variation of access regime
 (1) Subsection (2) applies to the following actions taken by the Reserve Bank:
 (a) the imposition of an access regime;
 (b) the variation of an access regime;
 (c) the determination of a standard;
 (d) the variation of a standard.
 (2) If this subsection applies to an action, the Reserve Bank must take reasonable steps to ensure that the participants in the payment system concerned are informed of the action.

Notification of revocation of a standard or an access regime
 (3) If the Reserve Bank revokes a standard or an access regime, the Reserve Bank must take reasonable steps to ensure that any participants in the payment system concerned are informed of the revocation.