The APRA's Control Over the Payments System Is Set Out

question 48

True/False

The APRA's control over the payments system is set out in the Payment Systems (Regulation) Act 1998 which empowers the Bank to designate the payments system, and to determine rules and regulations for participation in it.

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Definitions:

Social Construction

A concept or perception of an objective reality created through social or cultural consensus rather than existing inherently.

Demedicalization

The process by which a condition or behavior is no longer considered a medical problem or disease, and may instead be seen as a normal variation or a social issue.

Medical Textbooks

Comprehensive books written by medical professionals and educators that provide detailed information on various medical conditions, treatments, and procedures.