Retail Payment System Act 2022

Designated networks - Network standards for designated networks

18: Criteria for issuing network standards

You could also call this:

"What the Commission checks before making new rules for payment systems"

Illustration for Retail Payment System Act 2022

When the Commission thinks about making a new network standard, they look at a few things. You need to know they check if the network or its users are doing things that reduce competition or efficiency. They also think about how a new standard might affect new ideas in the retail payment system.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS532150.

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

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

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

19: Process for issuing network standards, or

"How new rules for payment systems are created and shared"

Part 2Designated networks
Network standards for designated networks

18Criteria for issuing network standards

In deciding whether to issue a network standard (the proposed standard), and in deciding on its terms, the Commission must,—
in the case of a proposed pricing standard or access standard, take into account whether there are any features of the retail payment network, or any conduct of participants in the network, that reduces, or are likely to reduce, competition or efficiency:
in the case of a proposed access standard, consider the effect on innovation in the retail payment system of issuing a network standard.