Division Objective - Payment Systems (Regulation) Act 1998 - Interchange Fees in the EFTPOS System (November 2012) - Objective | Zoe

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Payment Systems (Regulation) Act 1998 - Interchange Fees in the EFTPOS System (November 2012)

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Objective

The objective of this Standard is to ensure that the setting of interchange fees in the designated EFTPOS payment system promotes:

(i) efficiency; and
(ii) competition

in the Australian payments system.