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Payment Systems (Regulation) Act 1998
21AConflicts between directions
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#### 21A Conflicts between directions
(1) This section applies if:
(a) a particular payment system is both a designated payment system and a special designated payment system; and
(b) the Reserve Bank has, under subsection 21(1), given a direction (a normal direction) to a participant in the payment system; and
(c) a nominated special regulator has, under subsection 21(1A), given a direction (a special direction) to a participant in the payment system; and
(d) the normal direction is, to any extent, inconsistent with the special direction.
(2) For the purposes of this Act, the normal direction does not apply to the extent that it is inconsistent with the special direction.