A Revised Interchange Standard for the EFTPOS System – November 2009 7. Conclusion

The Board has decided that it is in the public interest to amend the EFTPOS interchange fee Standard such that any multilateral interchange fees set by EFTPOS Payments Australia Limited are subject to the same weighted-average cap as applies to the scheme debit systems. Bilateral interchange fees will continue to be regulated as they are now.

The new Standard differs from the draft Standard discussed in Section 4. It incorporates those elements of the draft Standard relating to the setting of multilateral interchange fees, while retaining the elements of the existing Standard that relate to the setting of bilateral interchange fees. A copy of the new Standard is attached. It will come into force on 1 January 2010.