Regulatory Alerts2005-11-15 | RG-185RG 185 Non-cash payment facilities
The Australian Securities and Investments Commission issued this guide to outline its regulatory approach for non-cash payment facilities under the Corporations Act 2001. It details the regulator's policy on granting relief from specific Act provisions and addresses the treatment of low value facilities. The document further examines the regulatory stance on specific products including gift vouchers, prepaid mobile accounts, loyalty schemes, and electronic road toll devices.
Issued 15 November 2005
This guide sets out our approach to regulating non-cash payment (NCP) facilities under the Corporations Act 2001 (Corporations Act).
It discusses:
our general approach to regulating NCP facilities, including our policy on granting relief from provisions of the Corporations Act
our approach to low value NCP facilities
our approach to the following specific products that constitute NCP facilities:
gift vouchers or cards
prepaid mobile phone accounts
loyalty schemes
electronic road toll devices.
Note: From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal . For more information, see how you apply for relief .
Download RG 185 (PDF 178 KB)
Read the Regulation Impact Statement (PDF 99 KB)