Commonwealth Numbered Regulations

PAYMENT SYSTEMS (REGULATION) AMENDMENT (INTERCHANGE FEES) REGULATIONS 2017 (F2017L00453) - SCHEDULE 1

Payment Systems (Regulation) Regulations 2006

1  Regulation 5

Repeal the regulation, substitute:

5   Specified interchange fees standards

                   For the purposes of paragraph 18A(2)(b) of the Act, the following standards are specified:

                     (a)  the standard that is known as Standard No. 1 of 2016, The Setting of Interchange Fees in the Designated Credit Card Schemes and Net Payments to Issuers and that was determined by the Reserve Bank on 26 May 2016;

                     (b)  the standard that is known as Standard No. 2 of 2016, The Setting of Interchange Fees in the Designated Debit and Prepaid Card Schemes and Net Payments to Issuers and that was determined by the Reserve Bank on 26 May 2016.