Commonwealth Consolidated Acts

PAYMENT SYSTEMS AND NETTING ACT 1998

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title [see Note 1]  
   2.      Commencement [see Note 1]  
   3.      Crown bound by this Act  
   4.      Application of Criminal Code  
   5.      Definitions  

   PART 2--INTEGRITY OF APPROVED RTGS PAYMENT SYSTEMS

   6.      External administration not to affect transactions carried out on the day of appointment  
   7.      Obligation to notify system administrator of external administration  
   8.      Application for approval of payment system  
   9.      Reserve Bank may approve payment system  

   PART 3--INTEGRITY OF APPROVED NETTING ARRANGEMENTS

   10.     Effectiveness of approved multilateral netting arrangements  
   11.     Application for approval of netting arrangement  
   12.     Reserve Bank may approve netting arrangement  
   13.     Qualified privilege  

   PART 4--CLOSE-OUT NETTING CONTRACTS

   14.     Effectiveness of close-out netting contracts  
   15.     Declaration that section 14 does not apply  

   PART 5--MARKET NETTING CONTRACTS

   16.     Effectiveness of market netting contracts  

   PART 6--ADMINISTRATION

   17.     Prescribed forms  
   18.     Regulations