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RBA Glossary definition for year-average growth

year-average growth – The rate of change between the year and the previous year, where the year is typically a calendar year or a financial year. For example 'year-average growth 2011/12' means the percentage change between the financial year 2010/11 and the financial year 2011/12. It can also be referred to as 'growth in the year'.

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Sectoral Trends in Funding Patterns in the Australian Economy | Submission to the Financial System Inquiry – March 2014 | Financial Sector…

1 Mar 2014 Submissions
Over the past five years, credit growth has slowed to an average annual rate of about 3 per cent. ... In the past three years, the rate of growth has been significantly slower, averaging around 5 per cent per year.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/sectoral-trends-in-funding-patterns.html

Dual-Network Debit Cards | Dual-Network Cards and Mobile Wallet Technology – Consultation Paper – December 2016

10 Dec 2016 Consultations
Scheme debit then experienced strong growth as the four major banks added ‘scheme’ functionality to their debit cards. ... A press release from the European Commission in June this year indicates its expectation that dual-network card functionality
https://www.rba.gov.au/publications/consultations/201612-dual-network-cards-and-mobile-wallet-technology/dual-network-debit-cards.html

7. Conclusions | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
Specifically, internet/telephone banking makes up only 2 per cent of all payments, although their high average payment value means that they account for 10 per cent of the value of ... Further, many non-card, non-paper based methods have only been
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/conclusions.html

Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

8 May 2024 Submissions
costs incurred by card issuers will decrease by around $135 million per year. ... This suggests an average issuer cost of $0.17 to provide $58 in cash (the average size of an EFTPOS transaction).
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

The Use of Established Payment Methods | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 |…

7 Jun 2011 Consultations
The increased availability of scheme debit cards is likely to be an important factor driving this strong growth. ... 2010. Less than 40 per cent of participants indicated in the end-of-study questionnaire that they had made a payment by cheque in the
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/established-payment-methods.html

The Current Payments Landscape | Results of the Reserve Bank of Australia's 2010 Consumer Payments Use Study June 2011 | Consultations

7 Jun 2011 Consultations
Within debit cards, growth has been particularly strong for payments on MasterCard/Visa debit cards. ... Source: Roy Morgan Research. Table 6: Average Payments by Method. Number (per person per week).
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/results/current-payments-landscape.html

Recent Developments in State Level Economic Activity and Inflation – April 2008

30 Apr 2008 Submissions
Recent Developments in State Level Economic Activity and Inflation - 30 April 2008
https://www.rba.gov.au/publications/submissions/economic-activity/recent-developments-in-state-level-economic-activity-and-inflation/

Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
The number of cheque payments per capita has fallen from 42 per year in 1997 to 8 in 2013. ... The benchmark was based on the average costs of the issuers of each scheme.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html

Appendix A: Trends in the Australian Financial System | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector |…

6 Sep 1996 Submissions
Overall growth of the financial system and its institutional subsectors is illustrated in Figure A1. ... A second example, on the lending side, was the growth of merchant banking.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/appendix-a.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
Growth in e-commerce has also been associated with an increase in online card payments. ... This greater interest prompted the Bank to review and update its ESA Policy earlier this year.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html