Civil Penalties and Criminal Offences for Designated Entities Failing to Meet Service and Notification Standards
Cash Distribution Framework Bill 2026
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Designated entities face civil penalties for failing to comply with service-level standards.
Designated entities must immediately notify the Reserve Bank if they stop providing critical cash distribution services; failure to do so is a criminal offence.
It is a strict liability offence to appoint an external administrator for a designated entity without Reserve Bank approval and notice.
Designated entities must deal in good faith and provide written advice about arbitration during contract negotiations; failure to do so triggers civil penalties.
Designated entities must provide approved standard terms during negotiations or reasonably attempt to agree on terms; failure to do so leads to civil penalties.
People who break confidentiality requirements during arbitration are liable for civil penalties.