55CSurcharge information notices

55C Surcharge information notices

(1) The Commission may, by written notice given to a surcharge participant, require the participant to give to the Commission information or documents evidencing either or both of the following:

(a) the amount of a payment surcharge;

(b) the cost of processing a payment in relation to which a payment surcharge was paid.

(2) A corporation is a surcharge participant if, in trade or commerce, the corporation:

(a) charges a payment surcharge; or

(b) processes a payment for which a payment surcharge is charged.

(3) The notice given by the Commission to the surcharge participant is a surcharge information notice.

(4) The surcharge information notice must specify:

(a) the kinds of information or documents to be given to the Commission; and

(b) the period for giving the information or documents.