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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Discussion on Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997

21 Jul 1997 Conferences
All the rules are constrained to be backward-looking, by which I mean they do not include any expected future values of the variables in the rule. ... an explicit open-economy dimension in the monetary rule; and the potential for forward-looking rules to
https://www.rba.gov.au/publications/confs/1997/macklem.html

Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997

21 Jul 1997 Conferences
Gordon de Brouwer and James O'Regan
Consistent with Ball's (1997) model, nominal-income rules are relatively inefficient, with the efficient frontier lying outside the Taylor-rule frontier. ... Recall that the Taylor-rule frontier in Figure 1 shows outcomes from the efficient Taylor rules.
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html

Monetary Targeting: The International Experience | Conference – 1989

20 Jun 1989 Conferences
Malcolm Edey
Sargent (1979), in his widely-used textbook, provided a somewhat extreme summing up of the problems associated with interest rate rules, concluding (p 362) “there is no interest rate rule that ... rule. One of the advantages claimed for the use of
https://www.rba.gov.au/publications/confs/1989/edey.html

Other | Submissions

8 May 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/other/

Submissions

8 May 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/

Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

8 May 2024 Submissions
The nature of platform businesses is that they are able to set the rules of participation in their platform or network. ... card schemes provide the Bank with access to their fee schedules and scheme rules.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Inflation

29 Nov 2023 Conferences Conference 2023
Papers and presentations presented at Reserve Bank of Australia 2023 Conference
https://www.rba.gov.au/publications/confs/2023/

A Guide to the Card Payments System Reforms

10 Sep 2010 Bulletin – September 2010
Michele Bullock
In 2003, MasterCard and Visa were required to remove their no-surcharge rules. ... In addition, American Express and Diners Club voluntarily removed equivalent rules in their systems; there was no such rule in the EFTPOS system.
https://www.rba.gov.au/publications/bulletin/2010/sep/7.html

The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper

8 May 2024 Submissions
They may need to pay two sets of membership fees, adhere to two different sets of rules and membership requirements, connect to different networks and accommodate differing messaging requirements.
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html

The Reserve Bank's Collateral Framework

7 Dec 2017 Bulletin – December 2017
Yasaman Naghiloo and David Olivan
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html