A designated network must publish the information set out in subsection (2) on an Internet site maintained by, or on behalf of, the designated network.

The information is—

In this section, interchange fee, in relation to a designated network, has the same meaning that it has under the network rules of that network.

A service provider that charges a merchant service fee for facilitating the provision of payment services on a network must publish information regarding the average amount of merchant service fees it charges on an Internet site maintained by, or on behalf of, the service provider.

In this section, merchant service fee means a fee charged to a merchant by a service provider (for example, a bank) for processing retail payments on a network on behalf of the merchant.

The Commission must monitor the fee information published under sections 51A and 51B for the purpose of making fee information more transparent for consumers.

The Commission must, as soon as practicable, but within 3 months, after the end of each financial year, prepare a report on the outcome of its monitoring under subsection (1).

The report must include information about whether the Commission considers the fees are—

The Commission must, no later than 1 month after preparing a report under subsection (2),—