Commonwealth Consolidated Acts

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PAYMENT SYSTEMS (REGULATION) ACT 1998


TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Crown is bound by this Act  
   4.      Application of this Act to external Territories  
   5.      Application of Criminal Code  
   6.      Overview of Act  

   PART 2--INTERPRETATION

   7.      Definitions  
   8.      Meaning of public interest  
   9.      Meaning of purchased payment facility and holder of the stored value  

   PART 3--REGULATION OF PAYMENT SYSTEMS

           Division 1--Overview

   10.     Overview of main regulatory provisions  

           Division 2--Designation of payment systems

   11.     Reserve Bank may designate payment systems  

           Division 3--Access to designated systems

              Subdivision A--Access regimes

   12.     Imposition of access regime  
   13.     When access regimes are in force  
   14.     Variation of access regime  
   15.     When access regimes cease to be in force  
   15A.    Authorisation of conduct under access regime for the purposes of the Competition and Consumer Act 2010  

              Subdivision B--Enforcement of access regimes

   16.     Right to ask Reserve Bank to give a direction  
   17.     Right to apply to the Federal Court  

           Division 4--Standards for designated systems

   18.     Reserve Bank may make standards for designated systems  
   18A.    Authorisation of conduct under certain standards for the purposes of the Competition and Consumer Act 2010  

           Division 5--Arbitration of disputes relating to designated systems

   19.     Disputes to which Division applies  
   20.     Arbitration of disputes  

           Division 6--Directions to participants in designated systems

   21.     Directions  

   PART 4--REGULATION OF PURCHASED PAYMENT FACILITIES

   22.     Holder of stored value must be an ADI or be authorised or exempted under this Part  
   23.     Authority to be the holder of the stored value  
   24.     Directions on failure to comply with conditions  
   25.     Exemptions  

   PART 5--MISCELLANEOUS

   26.     Persons to give Reserve Bank information  
   27.     Power to determine requirements for applications  
   28.     Consultation obligations  
   29.     Notification obligations  
   30.     Power to publish by other means  
   31.     Delegation  
   32.     Regulations  


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