Federal Register of Legislation - Australian Government

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This instrument revokes the designation of the American Express Companion Card payment system operated within Australia (known as ‘Designation No. 1 of 2015’). The Reserve Bank of Australia no longer considers that it is in the public interest that this system be designated.
Administered by: Treasury
General Comments: This instrument revokes the previously published notice, C2015G01684, registered on 15 October 2015.
Registered 18 Nov 2021

REVOCATION OF DESIGNATION UNDER THE PAYMENT SYSTEMS (REGULATION) ACT 1998

 

 

Revocation of Designation No. 1 of 2015 (the designation of the American Express Companion Card system)

 

Pursuant to subsection 11(1) of the Payment Systems (Regulation) Act 1998, with effect on 1 January 2022, the Reserve Bank of Australia revokes the designation of the American Express Companion Card payment system operated within Australia (known as ‘Designation No. 1 of 2015’ and notice of which was published in the Gazette on 15 October 2015), as it no longer considers that it is in the public interest that this system be designated.

 

Signed

 

 

Philip Lowe
Governor
Reserve Bank of Australia

Dated: 15 November 2021