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Review of Retail Payments Regulation October 2021

Conclusions Paper

Download the complete Document 1.7MB

  • Executive Summary
    • Box A: Changes from the Consultation Paper
    • Box B: Implications of the Review for smaller merchants
  • Introduction
  • Dual-network debit cards and least-cost routing
    • Box C: The cost of debit transactions in Australia
    • Box D: Principles for LCR in the device-not-present environment
    • Box E: Online LCR in practice
    • Box F: Principles to address tying conduct
  • Interchange fees
  • Scheme fees
  • Surcharging
  • Other issues
  • Varied standards and implementation
    • Box G: Likely implications of the reforms
  • References
  • Appendix A: Varied standards

© Reserve Bank of Australia 2021. All rights reserved. The contents of this publication shall not be reproduced, sold or distributed without the prior consent of the Reserve Bank of Australia.

ISBN 978-0-6489163-5-2 (Online)

Related Information

  • Review of Retail Payments Regulation – Conclusions Paper – Executive Summary
  • Media release issued on 22 October 2021
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