Payment Systems (Regulation) Act 1998 - Revocation of the Standard on Interchange Fees for the EFTPOS System Designated in Designation No. 2 of 2004 (November 2012)

Link to law: https://www.comlaw.gov.au/Details/F2013L00037

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Payment Systems (Regulation) Act 1998
Revocation of the Standard on Interchange Fees for the EFTPOS System Designated in Designation No 2 of 2004
This notice is published in accordance with the requirements set out in Section 29(3)(a) of the Payment Systems (Regulation) Act 1998 (the Act). The revocation is made under Section 18(3) of the Act, and is effective from 1 July 2013.
The Reserve Bank of Australia revokes the Standard The Setting of Interchange Fees in the EFTPOS System, originally gazetted on 27 April 2006, amended on 8 December 2008 and amended and restated on 27 November 2009.
The revoked Standard will be replaced by a new Standard Interchange Fees in the EFTPOS System applying to the EFTPOS system as designated in Designation No 1 of 2012.
 
Signed
 
 
Glenn Stevens
Governor
Reserve Bank of Australia
29 November 2012