Plain language law

New Zealand law explained for everyone

Retail Payment System Act 2022

Designated networks - Rules of designated networks

28: Amendment and revocation of directions

You could also call this:

"Changing or cancelling a direction made by the Commission"

Illustration for Retail Payment System Act 2022

You can change or cancel a direction in the same way it was made. If the Commission thinks a change is minor, sections 25 and 26 do not apply. The Commission can also cancel a direction without following section 25.

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 It might be out of date or be missing some parts.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=LMS543640.

This page was last updated on — View changes

Topics:
Business > Industry rulesGovernment and voting > Government departments
Previous

27: Pecuniary penalty for contravention of direction, or

"Paying a penalty for not following the rules"

Next

29: Purpose of this subpart, or

"Making sure you don't get charged too much for payment services"

Part 2Designated networks
Rules of designated networks

28Amendment and revocation of directions

  1. A direction may be amended or revoked in the same way in which it may be made, except that—

  2. sections 25 and 26 do not apply to an amendment of a direction if the Commission is satisfied that the amendment is only correcting a minor error or is otherwise of a minor nature only:
    1. section 25 does not apply to the revocation of a direction.