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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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Designation of the EFTPOS System

14 Oct 2004 Media Releases
Announces that the Australian Merchant Payments Forum (AMPF) and its members have asked the RBA for a statement of the reasons for its decision to designate the EFTPOS system on 9 September 2004. The RBA has sent a document to the AMPF and this
https://www.rba.gov.au/media-releases/2004/mr-04-13.html

Submissions on a Variation to the Surcharging Standards: Consultation on Designation

9 Mar 2023
Submissions on Review of the Regulatory Framework for the eftpos System: Consultation on Designation
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/sub-rev-reg-frame-eftpos-sys/

Payments System Issues

12 Jun 2012 Media Releases
The Payments System Board has decided to implement a new designation for the EFTPOS system to reflect changes in the structure of the system since it was first designated in 2004. ... The new designation will be narrow in scope, defining the EFTPOS
https://www.rba.gov.au/media-releases/2012/mr-12-15.html

Payments System Issues – Payments Council MoU, EFTPOS Access Regime and Review of Card Payments Regulation

28 Aug 2015 Media Releases
Following a decision of the Board, the Reserve Bank has revoked the Access Regime applying to the EFTPOS system in Australia, along with the 2004 designation of the EFTPOS system. ... The June 2012 designation of the system governed by ePAL remains in
https://www.rba.gov.au/media-releases/2015/mr-15-14.html

Payments System Board Consultation on Replacing the eftpos Designation | Consultations

9 Mar 2012 Consultations
Payments System Board Consultation on Replacing the eftpos Designation
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation.html

Payments System Board

19 Jan 2024
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/about-rba/boards/psb-board.html

Reviewing the Designation of the eftpos System | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

9 Mar 2012 Consultations
Review of the Regulatory Framework for the eftpos System: Consultation on Designation – March 2012 3. ... Hence, the eftpos designation no longer clearly or accurately defines the eftpos system.
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/efpos-system.html

Reforms to the Payment Systems (Regulation) Act 1998 Submission to Senate Economics Legislation Committee – February 2024 | Payments System …

23 Feb 2024 Submissions
the Ministerial designation power does not extend to enforcement and specific implementation mechanisms, consistent with the original policy proposal that Treasury consulted on.
https://www.rba.gov.au/publications/submissions/payments-system/reforms-to-the-psra/index.html

Payments & Infrastructure Resources – Media Releases

23 May 2024
Media releases relating to the Payments System
https://www.rba.gov.au/payments-and-infrastructure/resources/media-releases.html

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

8 May 2024 Submissions
While the Reserve Bank has not exercised its powers with respect to the Australian EFTPOS system, it has consulted industry participants on the need for designation of the system. ... The Reserve Bank wrote to industry participants in December 2003
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html