Retail Payment System Act 2022

Designated networks - Rules of designated networks

27: Pecuniary penalty for contravention of direction

You could also call this:

"Paying a penalty for not following the rules"

Illustration for Retail Payment System Act 2022

If you are a participant and you do not follow a direction, you may have to pay a pecuniary penalty. You can find more information about pecuniary penalties in subpart 3 of Part 3. This is where you can learn more about what happens if you do not follow the rules.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS528159.

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

Topics:

Crime and justice > Police and safetyMoney and consumer rights > Taxes

26: Process for giving directions, or

"How the Commission Makes and Shares New Rules"

28: Amendment and revocation of directions, or

"Changing or cancelling a direction made by the Commission"

Part 2Designated networks
Rules of designated networks

27Pecuniary penalty for contravention of direction

A participant that contravenes a requirement of a direction is liable to a pecuniary penalty.
See subpart 3 of Part 3 for further provisions about pecuniary penalties.