Retail Payment System BillLast updated: December 8, 2021
Retail Payment System Bill
Published: December 8, 2021
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.