PAYMENT SYSTEMS (REGULATION) ACT 1998 - SECT 27 Power to determine requirements for applications

PAYMENT SYSTEMS (REGULATION) ACT 1998 - SECT 27

    The Reserve Bank may, by notifiable instrument , determine requirements to be complied with in relation to applications under this Act, including (but not limited to) requirements relating to:

  (a)   the means by which an application is to be made; and

  (b)   the information or documentation that is to be included in or submitted with an application; and

  (c)   the verification of an application or of information or documentation included in or submitted with it.