Payment Services Act 2019 · 2020 Revised Edition · Part 3 · Payment Systems
41. Provision of information to Authority
Feedback & supportThe Authority may, by notice in the form and manner prescribed, require any of the following persons to provide to the Authority, within a reasonable period specified in the notice, such information relating to a payment system as the Authority may require:
any participant of the payment system;
any operator of the payment system, or any person acting on behalf of the operator;
any settlement institution of the payment system.
Without limiting subsection (1), the Authority may in a notice issued under that subsection require any person mentioned in paragraph (a), (b) or (c) of that subsection to provide, whether in the form of a return to be provided on a periodic basis or otherwise —
information relating to —
the operation of the payment system; and
the pricing of, or other form of consideration for, the services offered by the payment system;
information relating to the participation or other involvement of that person in the payment system; and
such other information as the Authority may require for the purposes of this Act.
Subject to subsection (5), any person to whom a notice is issued under subsection (1) must comply with the notice.
A person that contravenes subsection (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.
A person to whom a notice is issued under subsection (1) is not obliged to disclose any information that the person is prohibited by any written law from disclosing.