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

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

Part 2   Special designated payment systems

Division 1   Amendments

Payment Systems (Regulation) Act 1998

17   At the end of section 7

Add:

(2) In this Act, a person is the head of a special regulator (including a special regulator that is a nominated special regulator) if:

(a) in the case of the Reserve Bank - the person is the Governor of the Reserve Bank; or

(b) in the case of an entity prescribed by the regulations as a special regulator - the person is prescribed by the regulations as the head of that special regulator.