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
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