Submissions on Reform of Debit Card Systems

On 20 December 2005 the Reserve Bank gazetted a draft Access Regime for the EFTPOS System and released a Consultation Document setting out the Bank's reasoning. The Bank also gazetted a revised draft Interchange Standard. The Bank sought comments on these proposed reforms. The following submissions have been received.

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• Received by 17 February 2006
• Received after 17 February 2006

Received by 17 February 2006

Australian Consumers’ Association
Comment on Reform of Debit Card Systems in Australia 74KB
17 February 2006

Australian Merchant Payments Forum
Letter 32KB
Submission to the Reserve Bank of Australia: Comment on Draft Standards for EFTPOS & Visa Debit 93KB
16 February 2006

Australian Payments Clearing Association
Draft Access Regime for the EFTPOS Payment System 54KB
Draft Standard for the designated EFTPOS Payment System 59KB
10 February 2006

Bank of Queensland Limited
Letter: Reform of Debit Card Systems in Australia – A Consultation Document – December 2005 16KB
Submission to RBA on EFTPOS Draft Standards: February 2006 24KB
17 February 2006

Bunnings
Letter: Re EFTPOS System Reform – AMPF Member Submission 23KB
16 February 2006

Coles Myer Ltd
Submission to the Reserve Bank of Australia: Revised Draft Standard for setting EFTPOS Interchange – February 2006 39KB
17 February 2006

CreditLink Services Ltd
Letter: Submission to the RBA on the Proposed Draft Standards for the EFTPoS System 44KB
14 February 2006

Credit Union Industry Association
Letter: Credit Union Industry Submission: Reform of Visa Debit and EFTPOS 103KB
17 February 2006

First Data International
Submissions to the Reserve Bank of Australia: Reform of Debit Card Systems in Australia 53KB
17 February 2006

MoneySwitch Limited
Letter: Submission on Reform of Debit Card Systems in Australia 36KB
17 February 2006

Spark's Shoes
Letter: Re: Reform of the EFTPOS System 42KB
17 February 2006

Visa International Service Association
Letter: Draft Standards for Regulation of the Visa Debit Scheme 69KB
15 February 2006

Confidential Information

The following organisations provided confidential information on their costs associated with the provision of EFTPOS services:

• Australia Post
• Caltex
• Spark's Shoes
• Woolworths

Received after 17 February 2006

Australian Consumers' Association
The consumer payments system and RBA reform program: A review for the Australian Consumers' Association 328KB
24 February 2006

MoneySwitch Limited
Letter: Additional Submission on Reform of Debit Card Systems in Australia – Proposed Scheme Debit Standard 31KB
7 March 2006

National Australia Bank Limited
Letter: Response to Draft Standard for the designated EFTPOS payments system and Draft Access Regime for the designated EFTPOS payments system 23KB
22 February 2006