Payment Systems (Regulation) Regulations 2006 Select Legislative Instrument No. 239, 2006 made under the Payment Systems (Regulation) Act 1998 Compilation No. 3 Compilation date: 1 July 2017 Includes amendments up to: F2017L00453 Registered: 26 July 2017 About this compilation This compilation This is a compilation of the Payment Systems (Regulation) Regulations 2006 that shows the text of the law as amended and in force on 1 July 2017 (the compilation date). The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law. Uncommenced amendments The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law. Application, saving and transitional provisions for provisions and amendments If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes. Editorial changes For more information about any editorial changes made in this compilation, see the endnotes. Modifications If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law. Self‑repealing provisions If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes. Contents 1 Name of Regulations 4 Definition 5 Specified interchange fees standards 6 Authorisation of certain conduct Endnotes Endnote 1—About the endnotes Endnote 2—Abbreviation key Endnote 3—Legislation history Endnote 4—Amendment history 1 Name of Regulations These Regulations are the Payment Systems (Regulation) Regulations 2006. 4 Definition In these Regulations: Act means the Payment Systems (Regulation) Act 1998. 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. 6 Authorisation of certain conduct For subparagraph 51(1)(a)(ii) of the Trade Practices Act 1974, anything that is done in accordance with the Access Regime for the ATM System, imposed by the Reserve Bank on 3 March 2009, is specified, and specifically authorised by this regulation. Note: An electronic version of the Access Regime for the ATM System is accessible on the internet at http://www.rba.gov.au. Endnotes Endnote 1—About the endnotes The endnotes provide information about this compilation and the compiled law. The following endnotes are included in every compilation: Endnote 1—About the endnotes Endnote 2—Abbreviation key Endnote 3—Legislation history Endnote 4—Amendment history Abbreviation key—Endnote 2 The abbreviation key sets out abbreviations that may be used in the endnotes. Legislation history and amendment history—Endnotes 3 and 4 Amending laws are annotated in the legislation history and amendment history. The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation. The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law. Editorial changes The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date. If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel. Misdescribed amendments A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history. If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history. Endnote 2—Abbreviation key ad = added or inserted o = order(s) am = amended Ord = Ordinance amdt = amendment orig = original c = clause(s) par = paragraph(s)/subparagraph(s) C[x] = Compilation No. x /sub‑subparagraph(s) Ch = Chapter(s) pres = present def = definition(s) prev = previous Dict = Dictionary (prev…) = previously disallowed = disallowed by Parliament Pt = Part(s) Div = Division(s) r = regulation(s)/rule(s) ed = editorial change reloc = relocated exp = expires/expired or ceases/ceased to have renum = renumbered effect rep = repealed F = Federal Register of Legislation rs = repealed and substituted gaz = gazette s = section(s)/subsection(s) LA = Legislation Act 2003 Sch = Schedule(s) LIA = Legislative Instruments Act 2003 Sdiv = Subdivision(s) (md) = misdescribed amendment can be given SLI = Select Legislative Instrument effect SR = Statutory Rules (md not incorp) = misdescribed amendment Sub‑Ch = Sub‑Chapter(s) cannot be given effect SubPt = Subpart(s) mod = modified/modification underlining = whole or part not No. = Number(s) commenced or to be commenced Endnote 3—Legislation history Number and year FRLI registration Commencement Application, saving and transitional provisions 239, 2006 8 Sept 2006 (F2006L02980) 9 Sept 2006 (r 2) 44, 2009 16 Mar 2009 (F2009L00895) 17 Mar 2009 (r 2) — 279, 2010 18 Nov 2010 (F2010L03013) 19 Nov 2010 (r 2) — Name Registration Commencement Application, saving and transitional provisions Payment Systems (Regulation) Amendment (Interchange Fees) Regulations 2017 20 Apr 2017 (F2017L00453) 1 July 2017 (s 2(1) item 1) — Endnote 4—Amendment history Provision affected How affected r 2..................... rep LA s 48D r 3..................... rep LA s 48C r 5..................... am No 279, 2010 rs F2017L00453 r 6..................... ad No 44, 2009 am No 279, 2010