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Retail Payment System Act 2022

Merchant surcharging, monitoring and enforcement, and miscellaneous provisions - Merchant surcharging standards

31: Process for issuing merchant surcharging standards

You could also call this:

"How the Commission creates rules for merchants to charge extra fees"

Illustration for Retail Payment System Act 2022

You need to know what happens when the Commission wants to issue a merchant surcharging standard. The Commission must make the proposed standard public and say why they want to issue it. They also need to talk to people who will be affected by the standard. When the Commission issues a merchant surcharging standard, they must make it public. They also need to say why they issued the standard. You can find more information about this by looking at the related law. The Commission has to follow these steps to issue a merchant surcharging standard. This helps keep everything fair and transparent. You can find the standard and the reasons for it once it is issued.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS532505.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rulesBusiness > Fair trading
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30: Commission may issue merchant surcharging standards, or

"Rules for merchants who charge extra for payment services"

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32: Subject matter of merchant surcharging standards, or

"Rules about how merchants charge you extra for payments"

Part 3Merchant surcharging, monitoring and enforcement, and miscellaneous provisions
Merchant surcharging standards

31Process for issuing merchant surcharging standards

  1. Before issuing a merchant surcharging standard (the proposed standard), the Commission must—

  2. make the proposed standard, and the Commission’s reasons for issuing the proposed standard, publicly available; and
    1. consult persons that the Commission considers to be representatives of affected persons about the proposed standard (including the Commission’s reasons for issuing the proposed standard).

      1. After issuing a merchant surcharging standard, the Commission must make the standard, and the Commission’s reasons for issuing the proposed standard, publicly available.

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