Treasury House of Representatives
Treasury Laws Amendment (Payments System Modernisation) Bill 2025
Assented to on 19 Sept 2025.
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ASSENTED 19 SEPT 2025
Summary
Amends the Payment Systems (Regulation) Act 1998 to: expand the coverage of the payments regulatory framework to include new and emerging payment systems and participants; provide for new ministerial powers to designate payment systems when it is in the national interest to do so; and introduce civil penalty provisions and enforceable undertakings, and increase maximum penalties for certain criminal offences. Also makes consequential amendments to 4 other Acts.
Text of Bill
First reading
As passed by both Houses
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