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COMPETITION AND CONSUMER ACT 2010 - SECT 55C Surcharge information notices

COMPETITION AND CONSUMER ACT 2010 - SECT 55C

Surcharge information notices

  (1)   The Commission may, by written notice given to a surcharge participant, require the participant to give to the Commission information or documents evidencing either or both of the following:

  (a)   the amount of a payment surcharge;

  (b)   the cost of processing a payment in relation to which a payment surcharge was paid.

  (2)   A corporation is a surcharge participant if, in trade or commerce, the corporation:

  (a)   charges a payment surcharge; or

  (b)   processes a payment for which a payment surcharge is charged.

  (3)   The notice given by the Commission to the surcharge participant is a surcharge information notice .

  (4)   The surcharge information notice must specify:

  (a)   the kinds of information or documents to be given to the Commission; and

  (b)   the period for giving the information or documents.

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