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

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

Repeal the paragraph, substitute:

(j) 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;