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RBA Glossary definition for Designation

Designation – The formal notification of action taken to exercise powers conferred by legislation.

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Glossary of Terms and Abbreviations

25 Sep 2003 PSB Annual Report – 2003
CLS Bank. Continuous Linked Settlement Bank. Designation. the formal notification of action taken to exercise powers conferred by legislation.
https://www.rba.gov.au/publications/annual-reports/psb/2003/glossary.html

Reference Material

11 Nov 2004 PSB Annual Report – 2004
Sydney, July 2004. Reserve Bank of Australia, Designation of the EFTPOS System – Reasons for the Decision to Designate the EFTPOS Payment System, Media release, 14 October 2004.
https://www.rba.gov.au/publications/annual-reports/psb/2004/ref-material.html

Retail Payments Regulation and Policy Issues

21 Oct 2021 PSB Annual Report – 2021
expanding the scope of the Bank's designation power in the Payment Systems (Regulation) Act 1998 to ensure that the Bank can regulate new and emerging payment systems and introducing a ... new designation power for the Treasurer based on national
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html

Introduction | Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 | Consultations

8 Jun 2012 Consultations
This consultation paper has two aims. First, the paper discusses the new form of designation for the EFTPOS system. ... Section 3 discusses the views expressed in consultation on the new form of designation for the EFTPOS system and the Board's decision
https://www.rba.gov.au/publications/consultations/201206-rev-reg-frmwrk-eftpos-sys/intro.html

Banking and Payment Services

20 Sep 2018 RBA Annual Report – 2018
As the bank designation is no longer a useful criteria for determining the appropriate type of RITS membership, the prior requirement for all banks to hold an ESA has been removed.
https://www.rba.gov.au/publications/annual-reports/rba/2018/banking-and-payment-services.html

The Board's Decisions and Reserve Bank Reports

13 Sep 2007 PSB Annual Report – 2007
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
https://www.rba.gov.au/publications/annual-reports/psb/2007/board-decisions.html

The Role of the Board

1 Oct 1999 PSB Annual Report – 1999
Designation has no other effect; it is simply the first of a number of steps the Bank must take to exercise its powers;. ... If the Bank does so, its requirements are paramount. Designation does not, by itself, remove a system from the ACCC's coverage.
https://www.rba.gov.au/publications/annual-reports/psb/1999/role-board.html

Consultation on the Future Regulatory Framework for the EFTPOS System | Consultations

8 Jun 2012 Consultations
Consultation on the Future Regulatory Framework for the EFTPOS System - June 2012
https://www.rba.gov.au/publications/consultations/201206-future-reg-frmwk-eftpos-sys.html

Governor's Foreword

9 Oct 2015 PSB Annual Report – 2015
Having received feedback via this process, the Board will consider the possible designation of some payment systems and whether to consult on specific changes to the regulatory framework.
https://www.rba.gov.au/publications/annual-reports/psb/2015/governors-foreword.html

The Board's Decisions and Reserve Bank Reports

2 Oct 2009 PSB Annual Report – 2009
Media Release 2008-28, ‘Payments System Reform’ (Announcing the designation by the Bank of the Australian ATM system and the release of a consultation document setting out a draft Access Regime;
https://www.rba.gov.au/publications/annual-reports/psb/2009/board-decisions.html