Document ID: chunk:federal_register_of_legislation:F2022C00001:body:0:p5
Version: federal_register_of_legislation:F2022C00001
Segment Type: other
Provision Reference: 
Character Range: 10265–13127

Cards of the Scheme; or

       (c) providing or funding incentives to holders of Credit Cards of the Scheme to use those cards.

    Benefits that meet the Incentive Test in relation to a Scheme include lump-sum, volume based and transaction-specific Benefits such as:

       (i) incentives to market Credit Cards of the Scheme; and

       (ii) any of the following earned, accrued or receivable by a Direct Issuer Participant for agreeing to issue Credit Cards of the Scheme or for Credit Card Transactions undertaken in the Scheme meeting or exceeding a specific transaction volume, percentage share or dollar amount of transactions processed:

          (A) a rebate on any fees or other costs or charges, whether for a Core Service or for any other product or service;

          (B) a discount from the Regular Price of any Property or service, whether the Property or service is related to Credit Cards of the Scheme or not;

    Indirect Issuer Participant means, 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;

    Initial Reporting Period means, in relation to a New Issuer, the period commencing on the first date on which any Direct Issuer Participant Payments or Direct Issuer Participant Receipts were paid, became payable, were earned or accrued, or became receivable by or to the New Issuer (as applicable) and ending on the last day of the first full Reporting Period following Public Launch by that New Issuer;

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

    Interchange Fees means, in relation to a Scheme, 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;

    International Card Transaction means, in relation to a Scheme, a transaction in that Scheme that:

       (a)    is between a holder of a Device issued by an International Issuer and a merchant in Australia;

       (b)    involves the purchase of goods or services; and

       (c)     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;

    International Interchange Fees means, in relation to a Scheme, wholesale fees, known as interchange fees, which are payable between an International Issuer and an Acquirer, directly