Retail Payment System Act 2022

Designated networks - Designations

16: Amendment and revocation of designation

You could also call this:

"Changing or cancelling a retail payment system designation"

Illustration for Retail Payment System Act 2022

You can change or cancel a designation order under sections 10 to 14. If you are making a small change, like fixing a minor error or changing a name, some rules do not apply. You can find these rules in sections 10 to 14, but some parts like section 12(2) and section 13 do not apply to small changes. You can also cancel a designation order, and section 12(2) does not apply in this case. The Commission decides what is a minor change, like a name change of an operator.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS528146.

This page was last updated on 25 December 2025 — View changes

Topics:

Money and consumer rights > Consumer protectionBusiness > Industry rules

15: Duration of designation, or

"How long a designation order lasts"

17: Commission may issue network standards for designated networks, or

"The Commission can create rules for certain networks and their users."

Part 2Designated networks
Designations

16Amendment and revocation of designation

A designation order may be amended or revoked under sections 10 to 14, except that—
sections 12(2) and 13 do not apply to an order that amends a designation order if the Commission is satisfied that the amendment is only correcting a minor error or is otherwise of a minor nature only (for example, a name change of an operator):
section 12(2) does not apply to a revocation order.