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

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

Part 5   Consequential amendments

Australian Securities and Investments Commission Act 2001

122   Paragraph 12BAA(8)(e)

Repeal the paragraph, substitute:

(e) a facility that is:

(i) a designated payment system or special designated payment system (or both) for the purposes of the Payment Systems (Regulation) Act 1998; and

(ii) declared by regulations made for the purposes of this paragraph not to be a financial product;