Commonwealth Numbered Acts

PAYMENT SYSTEMS AND NETTING ACT 1998 No. 83, 1998 - LONG TITLE

Contents

Part 1--Preliminary

1 Short title

2 Commencement

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

PAYMENT SYSTEMS AND NETTING ACT 1998 No. 83, 1998

An Act to make provision in relation to payment and settlement systems and netting contracts, and for related purposes

[ Assented to 2 July 1998 ]

The Parliament of Australia enacts: