Skip to main
Help and resources
Register
for My Account
Sign in
to My Account
Search
Australian Government
Federal Register of Legislation
Site navigation
Constitution
Acts
Legislative instruments
Notifiable instruments
Gazettes
Administrative Arrangements
Prerogative instruments
Norfolk Island
Home
Acts
In force
Text
Details
Authorises
Downloads
All versions
Interactions
Payment Systems (Regulation) Act 1998
In force
Administered by
Department of the Treasury
Latest version
View as made version
Order print copy
Save this title to My Account
Set up an alert
C2025C00677 C07
19 December 2025
Legislation text
View document
Select value
Act
Filter active
Table of contents
Enter text to search the table of contents
Collapse
Part 1—Preliminary
1 Short title
2 Commencement
3 Crown is bound by this Act
4 Application of this Act to external Territories
5 Application of Criminal Code
6 Overview of Act
Collapse
Part 2—Interpretation
7 Definitions
7A Meaning of payment system and participant
8 Meaning of public interest
8A Meaning of national interest
9 Meaning of purchased payment facility and holder of the stored value
9A Functions and powers under the Regulatory Powers Act
9B Contravening an offence provision or a civil penalty provision
Collapse
Part 3—Regulation of payment systems
Collapse
Division 1—Overview
10 Overview of main regulatory provisions
Collapse
Division 2—Designated payment systems
11 Reserve Bank may designate payment systems
11A Multiple designation—consultation by Reserve Bank
Collapse
Division 2A—Special designated payment systems
11B Minister may designate payment systems
11C Meaning of special regulator
11D Nomination of special regulators
11E Functions and powers of nominated special regulators
11F Ministerial directions to nominated special regulators
11G Reports by nominated special regulators
Collapse
Division 3—Access regimes
Collapse
Subdivision A—Operation of access regimes
12 Imposition of access regime
13 When access regimes are in force
14 Variation of access regime
15 When access regimes cease to be in force
15AA Conflicts between access regimes
15A Authorisation of conduct under access regime for the purposes of the Competition and Consumer Act 2010
Collapse
Subdivision B—Enforcement of access regimes
16 Right to ask for directions
17 Right to apply to the Federal Court
Collapse
Division 4—Standards
18 Making of standards
18AA Conflicts between standards
18A Authorisation of conduct under certain standards for the purposes of the Competition and Consumer Act 2010
Collapse
Division 5—Arbitration of disputes
19 Disputes to which Division applies
20 Arbitration of disputes
Collapse
Division 6—Directions to participants
21 Directions
21A Conflicts between directions
Collapse
Part 4—Regulation of purchased payment facilities
22 Holder of stored value must be an ADI or be authorised or exempted under this Part
23 Authority to be the holder of the stored value
24 Directions on failure to comply with conditions
25 Exemptions
Collapse
Part 5—Miscellaneous
26 Persons to give Reserve Bank and nominated special regulators information
26A Authorised use or disclosure of information
27 Power to determine requirements for applications
29 Notification obligations
30 Enforcement of civil penalty provisions
30A Enforceable undertakings
30B Protection from civil liability
30C Protections from criminal or civil liability do not limit each other
31 Delegation—Reserve Bank
31A Delegation—nominated special regulators
32 Regulations
Collapse
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
