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

37   After subsection 12(2)

Insert:

(3) Without limiting subsection (1) or (1A), the Reserve Bank or the nominated special regulator (as the case may be) may, in an instrument made under either of those subsections:

(a) specify participants or classes of participants to whom the access regime does or does not apply; or

(b) provide that the access regime applies differently in relation to different participants or classes of participants.

Note: See also subsection 33(3A) of the Acts Interpretation Act 1901.