Document ID: chunk:federal_register_of_legislation:C2020C00336:section:6
Version: federal_register_of_legislation:C2020C00336
Segment Type: section
Provision Reference: s 6
Character Range: 4550–5574

6  Overview of Act
 (1) This Act provides for the regulation of payment systems and purchased payment facilities.
Note: The regulation of purchased payment facilities operates through regulation of the holders of the stored value of such facilities.
 (2) Part 2 contains definitions of terms used in this Act.
 (3) Part 3 deals with the regulation of payment systems. It provides for:
 (a) the designation of payment systems (see Division 2); and
 (b) the imposition of access regimes on participants in designated payment systems (see Division 3); and
 (c) standards to be complied with by participants in designated payment systems (see Division 4); and
 (d) the arbitration of disputes relating to designated payment systems (see Division 5); and
 (e) directions to be complied with by participants in designated payment systems (see Division 6).
 (4) Part 4 deals with the regulation of holders of the stored value of purchased payment facilities.
 (5) Part 5 deals with miscellaneous matters.

Part 2—Interpretation