Commonwealth Numbered Acts

CORPORATIONS AND OTHER LEGISLATION AMENDMENT (TRUSTEE COMPANIES AND OTHER MEASURES) ACT 2011 (NO. 24, 2011) - SCHEDULE 2

Payment Systems (Regulation) Act 1998

1  At the end of Subdivision A of Division 3 of Part 3

Add:

15A   Authorisation of conduct under access regime for the purposes of the Competition and Consumer Act 2010

                   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 a designated payment system under an access regime; and

                     (b)  in accordance with that access regime;

is taken to be specified in, and specifically authorised by, this Act.