Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Act 2011 (24 of 2011)

Schedule 2   Payment systems

Payment Systems (Regulation) Act 1998

1   At the end of Subdivision A of Division 3 of Part 3

Add:

15A Authorisation of conduct under access regime for the purposes of the Competition and Consumer Act 2010

For the purposes of subparagraph 51(1)(a)(i) of the Competition and Consumer Act 2010, anything that is done:

(a) by a participant in a designated payment system under an access regime; and

(b) in accordance with that access regime;

is taken to be specified in, and specifically authorised by, this Act.