Treasury Laws Amendment (Payments System Modernisation) Bill 2025

I will now deal with the Committee of the Whole amendments, starting with the amendments circulated by the opposition. The question is that the amendments on sheet 3415 be agreed to. Opposition's circulated amendment s — (1) Schedule 1, page 4 (after line 33), after item 5, insert: 5A Subsection 11(1) Omit "by notifiable instrument", substitute "by legislative instrument".

(2) Schedule 1, item 7, page 5 (lines 6 to 10), omit the item, substitute: 7 Savings provision Despite the amendments made by this Part, any instrument made under subsection 11(1) of the Payment Systems (Regulation) Act 1998 that was in force immediately before the commencement of this Part continues in force on and after that commencement. (3) Schedule 1, item 29, page 11 (line 3), omit "by notifiable instrument", substitute "by legislative instrument".

(4) Page 44 (after line 12), at the end of the Bill, add: Schedule 2 — Amendments of the Legislation (Exemptions and Other Matters) Regulation 2015 Legislation (Exemptions and Other Matters) Regulation 2015 1 Section 10 (table item 26) Repeal the item. 2 Application of amendments The repeal of item 26 of the table in section 10 of the Legislation (Exemptions and Other Matters) Regulation 2015 applies in relation to legislative instruments made on or after the commencement of this item.

Question agreed to.