ISO 20022 Migration for the Australian Payments System – Responses and Options Paper September 2019

The RBA and APC received 31 submissions to the Issues Paper, released in April 2019, seeking views on the migration of messaging to the International Organization for Standardization (ISO) 20022 payments messaging standard. Respondents represented a diverse range of backgrounds, including Exchange Settlement Account (ESA) holders, industry bodies, corporate organisations, vendors and payment service providers.

This paper, the second of three planned papers, provides a summary of the responses received through the initial consultation and puts forward some potential implementation options for consideration, based on the same strategic issues outlined in the Issues Paper.

The RBA and APC invite interested parties, regardless of whether they responded to the first consultation paper, to provide their views in writing by 11 November 2019. Please submit responses using the Response Template provided.