Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document – December 2013 Attachment 1 – Questions Asked in the Initial Consultation

  1. What is the nature of the risks faced by the card schemes and their members if a participant were to fail?
  2. What is the most appropriate way to address those risks? What rules and procedures do the schemes currently have in place?
  3. To what extent should the means of addressing risk be left in the hands of the schemes: that is, is there any role for regulatory oversight of these practices?
  4. Is it appropriate to retain the Access Regimes in their current form?
  5. How should the Access Regimes be varied if change is appropriate?
  6. What criteria should be used to determine eligibility in the absence of the regulatory requirements on access?
  7. What would be the potential effect on incumbent participants of extending eligibility for participation?
  8. Do scheme participants need to be authorised and subject to prudential oversight by APRA and what is the purpose of APRA oversight should it continue?
  9. Are there alternative approaches that would allow a wider range of prospective entrants into the card schemes?