18AAuthorisation of conduct under certain standards for the purposes of the Competition and Consumer Act 2010

#### 18A Authorisation of conduct under certain standards for the purposes of the Competition and Consumer Act 2010 (1) For the purposes of subparagraph 51(1)(a)(i) of the Competition and Consumer Act 2010, anything that is done: (a) by a participant in relation to the setting, or charging, of wholesale fees (also known as interchange fees) payable under a payment system to which an interchange fees standard applies; and (b) in accordance with that standard; is taken to be specified in, and specifically authorised by, this Act. (2) In this section: > interchange fees standard means any of the following standards as amended and in force from time to time: (a) a standard that is known as Standard No. 1, The Setting of Wholesale (“Interchange”) Fees and that was determined by the Reserve Bank on 26 August 2002; (b) a standard specified by the regulations for the purposes of this paragraph.