Document ID: chunk:federal_register_of_legislation:F2019N00027:body:0:p19
Version: federal_register_of_legislation:F2019N00027
Segment Type: other
Provision Reference: 
Character Range: 47110–49900

in relation to a Scheme, a participant in that Scheme in Australia as an Issuer that participates in the Scheme in Australia as Issuer through the Sponsorship of another participant in that Scheme. Without limitation, for the:

       (a) MasterCard System this means any Affiliate Customer as defined in the Rules of the Scheme in its capacity as Issuer; or

       (b) VISA System this means any Participant-Type Member or Associate-Type Member, each as defined in the Rules of the Scheme, in its capacity as Issuer;

    Interchange Fee Category has the meaning given to it in clause 4.1(b);

    Interchange Fees means:

       (a) for each of the VISA System and the MasterCard System, wholesale fees, known as interchange fees, which are payable between an Issuer and an Acquirer, directly or indirectly, in relation to Credit Card Transactions in the Scheme; and

       (b) for the American Express Companion Card Scheme, wholesale fees, known as issuer fees or issuer rates, which are payable, directly or indirectly, between an Issuer which is a participant in the Scheme in Australia and the Acquirer or an administrator of the Scheme in Australia, or any Related Body Corporate of either of them, and any other Credit Card Transaction based payments which are functionally equivalent to such issuer fees or issuer rates or to the fees described in paragraph (a) above;

    Issuer means a participant in a Scheme in Australia that issues Credit Cards of a Scheme to its customers has a contractual relationship with its customers under which it issues Credit Cards of a Scheme to those customers or their nominees;

    Issuer Payments has the meaning given to it in clause 5.2;

    Issuer Receipts has the meaning given to it in clause 5.2;

    Merchant means, in relation to a Scheme, a merchant in Australia that accepts a Credit Card of that Scheme for payment for goods or services;

    Multilateral Interchange Fee means, in relation to a Scheme, an Interchange Fee that is determined by an administrator of the 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;

    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,