28APrescribed tokens

28A Prescribed tokens

For the purposes of paragraph (b)(i) of the definition of token in section 208 of the Act, the following things are prescribed—

(a) a credit card or debit card that is a smartcard that—

(ii) is capable of being processed through the Visa or Mastercard payment card network;

(b) a credit card or debit card that is stored in, or accessed through, a digital wallet or mobile payment application that—

(ii) is capable of being processed through the Visa or Mastercard payment card network;

(c) a prepaid card that is a smartcard that—

(ii) is capable of being processed through the Visa or Mastercard payment card network; and

(iii) is issued—

(A) in the case of Mastercard, in Australia; or

(B) in the case of Visa, in Australia or the Asia Pacific;

(d) a prepaid card that is stored in, or accessed through, a digital wallet or mobile payment application that—

(ii) is capable of being processed through the Visa or Mastercard payment card network; and

(iii) is issued—

(A) in the case of Mastercard, in Australia; or

(B) in the case of Visa, in Australia or the Asia Pacific.

Reg. 29 amended by S.R. No. 22/2019 reg. 14 (ILA s. 39B(2)).