Retail Payment System Bill

Last updated: December 8, 2021

Economy

Retail Payment System Bill

Published: December 8, 2021

Stage: Done

Priority: Low

Submitting To: The Economic Development, Science and Innovation Select Committee

Issue for Business: BusinessNZ has submitted on this issue a number of times in recent years, where we have discussed the best way forward in terms of industry vs Government led regulatory options. Given the high likelihood of the Bill passing, we have focused our comments on how the Bill would fit with the broader retail payments regulatory environment once all policy work is taken into account, as well as a full review of the Act to take place in 5 years’ time.

Action: Submitted to the Select Committee on 25 November.

Outcome: Awaiting outcome of submission process.

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