Treasury Laws Amendment (Payments System Modernisation) Bill 2025
Amends the Payment Systems (Regulation) Act 1998 to: expand the coverage of the payments regulatory framework to include new and emerging payment systems and participants; provide for new ministerial powers to designate payment systems when it is in the national interest to do so; and introduce civil penalty provisions and enforceable undertakings, and increase maximum penalties for certain criminal offences. Also makes consequential amendments to 4 other Acts.
Summary from the official bill homepage.
Became law
| Act | Treasury Laws Amendment (Payments System Modernisation) Act 2025 |
|---|---|
| Number | No. 46, 2025 |
| Assent | 19 Sep 2025 |
| Status | In force |
Sourced from the Federal Register of Legislation at 21 Oct 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Progress
| Date | Step |
|---|---|
| House | |
| 30 Jul 2025 | Introduced and read a first time |
| 30 Jul 2025 | Second reading moved |
| 2 Sep 2025 | Second reading debate |
| 2 Sep 2025 | Second reading agreed to |
| 2 Sep 2025 | Third reading agreed to |
| Senate | |
| 4 Sep 2025 | Introduced and read a first time |
| 4 Sep 2025 | Second reading moved |
| 4 Sep 2025 | Second reading agreed to |
| 4 Sep 2025 | Third reading agreed to |
| House | |
| 4 Sep 2025 | Consideration of Senate message |
| 4 Sep 2025 | Finally passed both Houses |
| 19 Sep 2025 | Assent |
Divisions on this bill
- 2 Sep 2025 Treasury Laws Amendment (Payments System Modernisation) Bill 2025 - Second Reading - Parliamentary oversight Negatived House 50–91
- 4 Sep 2025 Treasury Laws Amendment (Payments System Modernisation) Bill 2025 - Committee of the Whole - Reducing conflicts of interest on Reserve Bank boards Negatived Senate 11–31
Official record: bill homepage at aph.gov.au, full text and documents on ParlInfo.