Payment Systems (Regulation) Act 1998 - Revocation of Standards No. 2 Merchant Pricing for Credit Card Purchases
1Payment Systems (Regulation) Act 1998 - Revocation of Standards No. 2 Merchant Pricing for Credit Card Purchases
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REVOCATION UNDER THE PAYMENT SYSTEMS (REGULATION) ACT 1998
Revocation of StandardS NO.2 Merchant Pricing for Credit Card Purchases
Pursuant to subsection 18(3) of the Payment Systems (Regulation) Act 1998, the Reserve Bank of Australia revokes, with effect on 1 September 2016, each of:
(a) Standard No. 2 Merchant Pricing for Credit Card Purchases gazetted on 27 August 2002 which applied to the MasterCard System with effect from 1 January 2003, as amended; and
(b) Standard No. 2 Merchant Pricing for Credit Card Purchases gazetted on 27 August 2002 which applied to the VISA System with effect from 1 January 2003, as amended.
Signed
Glenn Stevens Governor Reserve Bank of Australia
Date: 31 August 2016