Commonwealth Consolidated Acts

PAYMENT SYSTEMS (REGULATION) ACT 1998 - SECT 11

  (1)   The Reserve Bank may , by notifiable instrument, designate a payment system if it considers that designating the sy stem is in the public interest.

  (2)   The designation has effect until it is revoked.

Note:   For variation and revocation, see subsection   33(3) of the Acts Interpretation Act 1901 .