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
73 Paragraphs 21(1)(a) and (b)
Repeal the paragraphs, substitute:
(a) the participant has failed to comply with a standard determined by the Reserve Bank under subsection 18(1); or
(b) the participant has failed to comply with an access regime imposed by the Reserve Bank under subsection 12(1).
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