Media Release Reform of Credit Card Schemes in Australia
Number
2003-08
Date
When the Reserve Bank announced its reforms to credit card schemes on 27 August 2002, it foreshadowed the preparation of a Regulation to ensure that participants in schemes that comply with the Payment Systems (Regulation) Act would not be at risk under the Trade Practices Act.
A copy of the Regulation is attached.
Enquiries
Dr John Veale
Head of Payments Policy
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 8710
Manager, Media Office
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 8111