Reform of the EFTPOS and Visa Debit Systems in Australia:
Final Reforms and Regulation Impact Statement – April 2006 4. Objective

The objective of the Reserve Bank's reforms is to promote competition and efficiency in Australia's payments system, including the debit card payment systems. Specifically, the reforms aim to promote more efficient price signals to issuers and cardholders, liberalise access to the EFTPOS payment system and remove restrictions that limit competition between payment systems.