The Role of RITS in Supporting Settlement in a Tokenised Ecosystem 7. Next steps

7.1 Consultation process

Following the release of this consultation paper, stakeholders will have eight weeks to make a written submission. The RBA may reach out to stakeholders to discuss their submission in further detail. Stakeholder views from written submissions and discussions will contribute to the RBA’s assessment of stakeholder needs and priorities in relation to the current RITS and FSS environment and the RITS Modernisation program.

7.2 Making a submission

Written submissions to the consultation should be submitted by email to TokenisationSettlementConsultation@rba.gov.au by 30 October 2026. Respondents are invited to use the template in Appendix C.

Submissions in PDF format must be accompanied by a version in an accessible format such as .rtf or .doc.

7.3 What happens to submissions

Submissions will be read by RBA staff working on, or involved with, this consultation.

In the interests of informed public debate, the RBA is committed to transparency in its processes and open access to information. Accordingly, the RBA aims to publish submissions on its website where it is appropriate to do so. However, the RBA reserves the right to redact (e.g. remove defamatory material or, where appropriate, de-identify personal or sensitive information), publish or not publish submissions on its website at its own discretion. The RBA’s publication of a submission is not an indication of the RBA’s endorsement of any views or comments contained in that submission.

Most submissions that are published on the RBA website will include the name of the submitter (unless requested otherwise). If a submission is published, the information in it, including the respondent’s name and any contact details, can be searched for on the internet. Respondents cannot withdraw or alter submissions once they have been published by the RBA.

7.4 Submissions may be kept confidential

Respondents who do not wish for some or all of their submission to be published by the RBA should clearly indicate this (e.g. by including the word confidential prominently on the front of their submission) and provide reasons for their request. Automatically generated confidentiality statements in emails are not sufficient for this purpose.

Where some parts of the submission are considered to be confidential, the RBA requests that respondents provide two versions of the submission at the same time prior to the closing date – one for consideration by the RBA and one, with confidential information removed, for publication (this latter version may also have contact details or other personal information removed). Please also note that any submission provided to the RBA may be the subject of a request under the Freedom of Information Act 1982 (Cth). Any request for access to a confidential submission will be determined by the RBA in accordance with that Act, including any applicable exemptions (e.g. those relating to material obtained in confidence or involving an unreasonable disclosure of personal information).

7.5 Privacy

Unless requested otherwise, published submissions will usually include contact details and any other personal information contained in those documents. Where respondents provide a separate version of their submission for publication with contact details or other personal information redacted or removed, this will be taken as a request for the RBA not to publish such personal information.

For information about the RBA’s collection of personal information and approach to privacy, please refer to the Personal Information Collection Notice for Website Visitors and the RBA’s Privacy Policy, which are both available at the RBA’s website.⁴⁰

7.6 Intellectual property

In making a submission to the RBA, respondents grant a permanent, irrevocable, royalty-free licence to allow the RBA to use, reproduce, publish, adapt and communicate to the public their submission on the RBA’s website (except to the extent that they have specifically requested that all or part of their submission is kept confidential), including converting the submission into a different format to that submitted for the purposes of meeting relevant accessibility requirements.

To the extent that a respondent’s submission contains material that is owned by a third party, the respondent warrants that they have obtained all necessary licences and consents required for the use of those materials (including for the RBA to use, reproduce, publish, adapt or communicate to the public such material), and have made arrangements for the payment of any royalties or other fees payable in respect of the use of such material.