Commonwealth Consolidated Acts

PAYMENT SYSTEMS (REGULATION) ACT 1998 - SECT 10

  (1)   Under this Part, the Reserve Bank is given the power to designate payment systems (see Division   2 ).

  (2)   The Reserve Bank has the following powers in relation to a designated payment system:

  (a)   it may impose an access regime on the participants in the payment system (see Division   3); and

  (b)   it may make standards to be complied with by participants in the payment system (see Division   4); and

  (c)   it may arbitrate disputes relating to the payment system (see Division   5); and

  (d)   it may give directions to participants in the payment system (see Division   6).