, in relation to a payment system, means the entitlement or eligibility of a person to become a participant in the system, as a user of the system, on a commercial basis on terms that are fair and reasonable.

, in relation to a designated payment system, means an :

(a) that has been imposed by the Reserve Bank under section 12; and

(b) that is in force.

means a corporation to which paragraph 51(xx) of the Constitution applies.

means a payment system that is designated under section 11.

means the of Australia.

, in relation to a purchased payment facility, has the meaning given by subsection 9(2).

in a payment system means:

(a) a constitutional corporation that is a participant in the system in accordance with the rules governing the operation of the system; or

(b) a constitutional corporation that is an administrator of the system.

means a funds transfer system that facilitates the circulation of money, and includes any instruments and procedures that relate to the system.

has the meaning given by section 8.

means a facility described in subsection 9(1), other than a facility covered by a declaration under subsection 9(3).

means the of Australia.

means a in force under section 18.