Payments System Board Annual Report – 2007 The Board's Decisions and Reserve Bank Reports
This section lists publications since the beginning of 2006. A full listing of the Board's decisions and Reserve Bank reports up to the end of July 2006 is available in the Payments System Board Annual Report 2006.
2006
Media Release 2006-02, ‘Payments System Reforms’ (Announcing the imposition of an interchange fee standard on the EFTPOS system, the revocation of the designation of the Bankcard scheme and the access regime imposed on it, and the removal of references to Bankcard from the Credit Card Interchange Standard, and the exclusion of a number of classes of purchased payment facilities from the provisions of the Payment Systems (Regulation) Act 1998), 27 April 2006.
Reform of the EFTPOS and Visa Debit Systems in Australia: Final Reforms and Regulation Impact Statement, Reserve Bank of Australia, Sydney, April 2006.
Media Release 2006-04, ‘Reform of Debit Card Systems in Australia’ (Announcing the imposition of an interchange fee Standard on the Visa Debit system, a Standard dealing with ‘honour all cards’ rules in the Visa Debit and Visa credit card systems and the ‘no surcharge’ rule in the Visa Debit system, and the receipt of an undertaking from MasterCard that it would voluntarily comply with the Standards imposed on the Visa Debit system), 7 July 2006.
Media Release 2006-06, ‘Update on Payments System Issues’ (Announcing the imposition of an EFTPOS Access Regime, the calculation of a benchmark for interchange fees in the EFTPOS system, decisions not to regulate scheme-based pre-paid cards at that time and to conduct a review of the Bank's card payment systems reforms in 2007/08 and a call for submissions on the content and process of this review), 13 September 2006.
Media Release 2006-08, ‘Interchange Fees for the MasterCard and Visa Schemes’ (Announcing the calculation of a common benchmark for interchange fees in the MasterCard and Visa credit card schemes and the calculation of a benchmark for interchange fees in the Visa Debit system), 29 September 2006.
Core Principles for Systemically Important Payment Systems: Self Assessment of the Reserve Bank Information and Transfer System, Reserve Bank of Australia, Sydney, November 2006.
Media Release 2006-13, ‘Payments System Issues’ (Announcing details of the scope, process and timing of the 2007/08 review of card payment systems reforms, a call for submissions on the possible impact of the interchange fee standards on competition between schemes and the collection of additional transaction and interchange revenue data from schemes), 11 December 2006.
2007
Media Release 2007-02, ‘Payments System Issues’ (Announcing the Board's decision not to make changes to the interchange fee standards ahead of the upcoming review of card payment systems reforms, the latest moves to reform the ATM system and the conditional approval of the multilateral netting arrangement operated by the ASX Settlement and Transfer Corporation (ASTC) under Section 12 of the Payment Systems and Netting Act 1998), 5 March 2007.
Media Release 2007-06, ‘Payment Systems and Netting Act 1998: Approval of Netting Arrangement’ (Announcing the formal approval of the multilateral netting arrangement operated by the ASTC), 1 May 2007.
Media Release 2007-09, ‘Review of the Reforms to Australia's Payments
System’ (Announcing the release of an issues paper for the review of
card payment systems reforms, further details regarding the review and a call
for submissions on the questions raised in the paper), 29 May 2007.
Reform of Australia's Payments System:
Issues for the 2007/08 Review, Reserve Bank of Australia, Sydney,
May 2007.