/

/

Revocation of the Access Regime for the EFTPOS System | Zoe

Commonwealth legislation

Revocation of the Access Regime for the EFTPOS System

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

The instrument revokes the mandatory Access Regime for the EFTPOS system (effective 1 September 2015), removing the statutory right for banks and payment providers to join under the 2006 rules. Access to the EFTPOS network now depends on commercial agreements, affecting financial institutions, payment providers, merchants, and indirectly consumers via competition and service terms.

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Revocation of the Access Regime for the EFTPOS System.

1

1

Revocation of the Access Regime for the EFTPOS System

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2

?xml version="1.0" encoding="utf-8" standalone="no"?>

View image in the official source

REVOCATION UNDER THE PAYMENT SYSTEMS (REGULATION) ACT 1998

Revocation of the Access Regime for the EFTPOS System

Pursuant to subsection 15(3) of the Payment Systems (Regulation) Act 1998, the Reserve Bank of Australia revokes, with effect on 1 September 2015, the Access Regime for the EFTPOS system, gazetted on 13 September 2006.

Signed

Glenn Stevens Governor Reserve Bank of Australia

Date: 27 August 2015

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2

?xml version="1.0" encoding="utf-8" standalone="no"?>

REVOCATION UNDER THE PAYMENT SYSTEMS (REGULATION) ACT 1998

Revocation of the Access Regime for the EFTPOS System

Pursuant to subsection 15(3) of the Payment Systems (Regulation) Act 1998, the Reserve Bank of Australia revokes, with effect on 1 September 2015, the Access Regime for the EFTPOS system, gazetted on 13 September 2006.

Signed

Glenn Stevens Governor Reserve Bank of Australia

Date: 27 August 2015