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RESERVE BANK OF AUSTRALIA

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

Australian Consumers’ Association
Comment on Reform of Debit Card Systems in Australia [PDF 74K]
17 February 2006

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

Australian Payments Clearing Association
Draft Access Regime for the EFTPOS Payment System [PDF 54K]
Draft Standard for the designated EFTPOS Payment System [PDF 59K]
10 February 2006

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

Bunnings
Letter: Re EFTPOS System Reform – AMPF Member Submission [PDF 23K]
16 February 2006

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

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

Credit Union Industry Association
Letter: Credit Union Industry Submission: Reform of Visa Debit and EFTPOS [PDF 103K]
17 February 2006

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

MoneySwitch Limited
Letter: Submission on Reform of Debit Card Systems in Australia [PDF 36K]
17 February 2006

Spark's Shoes
Letter: Re: Reform of the EFTPOS System [PDF 42K]
17 February 2006

Visa International Service Association
Letter: Draft Standards for Regulation of the Visa Debit Scheme [PDF 69K]
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
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Received after 17 February 2006

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

MoneySwitch Limited
Letter: Additional Submission on Reform of Debit Card Systems in Australia – Proposed Scheme Debit Standard [PDF 31K]
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 [PDF 23K]
22 February 2006

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