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

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

Insert:

(1A) Under Division 2A, the Minister is given the power to:

(a) nominate special regulators in relation to special designated payment systems; and

(b) give directions to nominated special regulators in relation to the performance of their functions or the exercise of their powers under this Act.