Treasury Laws Amendment (Payments System Modernisation) Act 2025 (46 of 2025)

Schedule 1   Amendment of the Payment Systems (Regulation) Act 1998 etc.

Part 3   Criminal and civil penalties

Payment Systems (Regulation) Act 1998

112   After subsection 26(3)

Insert:

Fault-based offence

(3A) A corporation commits an offence if the corporation contravenes subsection (3). The physical elements of the offence are set out in that subsection.

Penalty: 200 penalty units.

Civil penalty provision

(3B) A corporation is liable to a civil penalty if the corporation contravenes subsection (3).

Civil penalty: 200 penalty units.

Continuing contraventions of offence provision