Document ID: chunk:federal_register_of_legislation:F2019N00027:body:0:p29
Version: federal_register_of_legislation:F2019N00027
Segment Type: other
Provision Reference: 
Character Range: 72482–75178

12 June 2012 and which is referred to in this standard as the EFTPOS System; and

       (f) the prepaid card payment system operated within Australia under the EFTPOS Scheme Rules, which was designated under the Act as a payment system on 15 October 2015 and which is referred to in this standard as EFTPOS Prepaid.

    2.3 In this Standard:

    Above Benchmark Reference Period has the meaning given to it in clause 4.2;

    Acquired includes accepted;

    Acquirer means a participant in a Scheme in Australia that:

       (a) provides services, directly or indirectly, to a Merchant to allow that Merchant to accept a Card of that Scheme; or

       (b) is a Merchant that accepts, or is a Related Body Corporate of a Merchant that accepts, a Card of that Scheme and bears risk as principal in relation to the payment obligations of the Issuer of that Card in relation to that acceptance;

    Associated Entity has the meaning given by section 50AAA of the Corporations Act 2001;

    Benefit means: a payment, receipt, rebate, refund, allowance, discount or deduction or a benefit (however named or described) of a similar nature to any of them;

       (a) a payment, receipt, rebate, refund or allowance;

       (b) for Supplementary Services received or receivable by a Direct Issuer Participant, an amount equal to the Fair Value of the Supplementary Services;

       (c) in relation to any Property or service (other than a Supplementary Service) received or receivable by a Direct Issuer Participant:

          (i)  where there is a 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, any discount or deduction from that price;

          (ii) where there is not a 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, an amount by which the Fair Value of the Property or service exceeds the payment or other similar financial consideration made or given for it by the Direct Issuer Participant; and

       (d) a benefit (however named or described) of a similar nature to, or having the same effect as, a benefit of the kind specified in (a), (b) or (c) above;

    Card Account means in relation to a Card of a Scheme the account that is debited when that Device is used to purchase goods or services;

    Card of a Scheme or Card of that Scheme means a Debit Card of a Scheme or a Prepaid Card of a Scheme;

    Card of a Scheme Pair means a Card of a Scheme that is part of a Scheme Pair;

    Card Transaction means a