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.
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