Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Reserve Bank may impose an access regime on the participants in a designated payment system.
(2) The access regime imposed must be one that the Reserve Bank considers appropriate, having regard to:
(a) whether imposing the access regime would be in the public interest; and
(b) the interests of the current participants in the system; and
(c) the interests of people who, in the future, may want access to the system; and
(d) any other matters the Reserve Bank considers relevant.
(3) The Reserve Bank must not impose the access regime unless it has first consulted in accordance with section 28.
(4) The decision to impose the access regime is to be in writing and is to set out the access regime.
(5) As soon as practicable after imposing the access regime, the Reserve Bank must provide notification under section 29.
(6) A failure to comply with subsection (5) does not affect the validity of the access regime.
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