Commonwealth Consolidated Acts

PAYMENT SYSTEMS (REGULATION) ACT 1998 - SECT 28

             (1)  Subsection (2) applies to the following actions proposed to be taken by the Reserve Bank:

                     (a)  the proposed imposition of an access regime;

                     (b)  the proposed variation of an access regime, other than a variation to which subsection 14(3) applies;

                     (c)  the proposed determination of a standard, other than a determination to which subsection 18(5) applies;

                     (d)  the proposed variation of a standard, other than a variation to which subsection 18(5) applies.

             (2)  If this subsection applies to a proposed action, the Reserve Bank must, before taking the action:

                     (a)  cause a notice to be published in the Gazette :

                              (i)  advising of the proposed action; and

                             (ii)  summarising its purpose and effect; and

                            (iii)  inviting people to make submissions within a specified time to the Reserve Bank on the proposed action; and

                     (b)  consider any submissions that are received within that time limit.