Competition and Consumer Point-in-Time Service Updates

The Competition and Consumer Point-in-Time Service has been updated to include the Treasury Laws Amendment (Payments System Modernisation) Act 2025 (Cth) (Act No 46 of 2025).

Act 46 of 2025

The Act amends the Payment Systems (Regulation) Act 1998 (Cth) (PSRA) to modernise the payments regulatory framework, ensuring it is fit-for-purpose and can address emerging risks related to payments.

In particular, the Act expands the regulatory coverage of the PSRA by updating key definitions, introducing new ministerial powers to ensure the Government can respond to issues beyond the existing remit of the Reserve Bank of Australia, and modernising the existing penalty regime in the PSRA.

The Act makes consequential amendments to the Competition and Consumer Act 2010 (Cth) to reflect the expanded scope of the payments regulatory framework.

These amendments have been updated in the Point-in-Time Competition and Consumer Service current to 29 September 2025. (NB: Subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.