Document ID: chunk:federal_register_of_legislation:F2019N00027:body:0:p33
Version: federal_register_of_legislation:F2019N00027
Segment Type: other
Provision Reference: 
Character Range: 82382–85080

Scheme and applies regardless of the identity of the Acquirer or Issuer paying or receiving the Interchange Fee;

    Net Compensation has the meaning given to it in clause 5.1;

    Prepaid Card of a Scheme or Prepaid Card of that Scheme means, in relation to a Scheme, a Device issued by a participant in the Scheme in Australia under the Rules of the Scheme that can be used to make payments for goods or services using a store of value that has been prepaid or pre-funded and is accessible to make payments for goods or services only through the use of that, or a linked or related, Device;

    Prepaid Card Transaction means, in relation to a Scheme, a transaction in that Scheme between a holder of a Prepaid Card of that Scheme and a Merchant involving the purchase of goods or services (whether or not it also involves the obtaining of cash) using a Prepaid Card of that Scheme that is Acquired by an Acquirer (but does not include any transaction to reverse such a transaction or provide a credit or make a chargeback in relation to such a transaction);

    Property means any property including any good and any proprietary right or interest;

    Quarter means a 3 month period ending on 30 June, 30 September, 31 December or 31 March;

    Reference Period means a 12 month period ending on the last day of a Quarter;

    Registration Date means the date on which this Standard is registered in the Federal Register of Legislation;

    Related Body Corporate has the meaning given in the Corporations Act 2001;

    Relevant Portion has the meaning given to it in clause 5.2;

    Reporting Period means, subject to clause 7.3, a 12 month period ending 30 June;

    Rules of a Scheme or Rules of the Scheme means the constitution, rules, by-laws, procedures and instruments of the relevant Scheme as applied in Australia, and any other arrangement relating to the Scheme by which participants in that Scheme in Australia are, or consider themselves to be, bound;

    Scheme Benchmark is 8.0 cents;

    Scheme Pair means:

       (a) VISA Debit and VISA Prepaid;

       (b) Debit MasterCard and MasterCard Prepaid; or

       (c) EFTPOS System and EFTPOS Prepaid;

    Scheme Pair Transaction has the meaning given in clause 5.1;

    Sponsor means:

       (a) in relation to a Scheme which is VISA Debit, VISA Prepaid, Debit MasterCard or MasterCard Prepaid, a participant in the Scheme in Australia who has accepted responsibility in whole or in part for, or to act as agent for, another entity under and in accordance with the Rules of the Scheme so that the other entity may participate in the Scheme; and

       (b) in relation to a Scheme which is EFTPOS System or EFTPOS