CTHIn ForceLegislation
Australian Securities and Investments Commission Regulations 2001
2BAASpecific things that are not financial products—payment systems
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#### 2BAA Specific things that are not financial products—payment systems
For the purposes of paragraph 12BAA(8)(e) of the Act, each of the following is not a financial product:
(a) the credit card system operated within Australia known as the MasterCard system or MasterCard network card system and designated as a payment system under section 11 of the Payment Systems (Regulation) Act 1998 on 12 April 2001;
(b) the credit card system operated within Australia known as the VISA system or the VISA network card system and designated as a payment system under section 11 of the Payment Systems (Regulation) Act 1998 on 12 April 2001;
(c) the debit card system operated within Australia known as Visa debit and designated as a payment system under section 11 of the Payment Systems (Regulation) Act 1998 on 23 February 2004;
(d) the payment system operated within Australia known as the ATM system and designated by Designation No 1 of 2008 as a payment system under section 11 of the Payment Systems (Regulation) Act 1998 on 10 December 2008;
(e) the debit card system operated within Australia known as the EFTPOS system and designated by Designation No 1 of 2012 as a payment system under subsection 11(1) of the Payment Systems (Regulation) Act 1998 on 12 June 2012;
(f) the debit card system operated within Australia known as Debit MasterCard and designated by Designation No 2 of 2015 (Designation of the Debit MasterCard system) as a payment system under subsection 11(1) of the Payment Systems (Regulation) Act 1998 on 15 October 2015;
(g) the prepaid card system operated within Australia and designated by Designation No 3 of 2015 (Designation of the EFTPOS prepaid system) as a payment system under subsection 11(1) of the Payment Systems (Regulation) Act 1998 on 15 October 2015;
(h) the prepaid card system operated within Australia known as MasterCard Prepaid and designated by Designation No 4 of 2015 (Designation of the MasterCard prepaid system) as a payment system under subsection 11(1) of the Payment Systems (Regulation) Act 1998 on 15 October 2015;
(i) the prepaid card system operated within Australia known as Visa Prepaid and designated by Designation No 5 of 2015 (Designation of the Visa prepaid system) as a payment system under subsection 11(1) of the Payment Systems (Regulation) Act 1998 on 15 October 2015.