Retail Payment System Act 2022

2: Commencement

You could also call this:

"When the Retail Payment System Act 2022 starts"

Illustration for Retail Payment System Act 2022

This Act starts on the day after it gets the Royal assent. You need to know that the Royal assent is like a final approval. The Act will begin after that. The part about the initial pricing standard starts 6 months later. This part is called subpart 3 of Part 1 of Schedule 1. It begins six months after the Royal assent.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS528085.

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1: Title, or

"The name of this law is the Retail Payment System Act 2022"


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3: Purpose, or

"Making payments easier and better for New Zealanders"

2Commencement

  1. This Act comes into force on the day after the date on which it receives the Royal assent.

  2. However, subpart 3 of Part 1 of Schedule 1 (initial pricing standard) comes into force 6 months after the date on which this Act receives the Royal assent.