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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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How Australians Pay: Evidence from the 2016 Consumer Payments Survey

24 Jul 2017 RDP PDF 1438KB
changes to its standards on surcharging. Under the new rules, surcharges cannot be more than. ... Australia (2016). 16 The new surcharging rules will take effect on 1 September 2017 for other (smaller) merchants.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-04.pdf

The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?

1 Dec 2009 RDP PDF 277KB
models is a crucial characteristic indetermining a rule that the central bank should follow. ... 15 If we assume that the policy-maker rules out outcomes where interest rates have a ‘perverse’.
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-07.pdf

Direct Effects of Money on Aggregate Demand: Another Look at the Evidence

26 Aug 2010 RDP PDF 179KB
equations: one for aggregatedemand, one for aggregate supply and a monetary policy rule for the short-termnominal interest rate. ... 8 Equation (9) is the household’s first-order condition forcapital accumulation. Equation (10) is the monetary policy
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-05.pdf

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology

9 Jan 2020 Submissions PDF 797KB
revision of the NPP operating rules, participation requirements and risk-management controls’ which. ... these services should be subject to the same surcharging rules as traditional card payment.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/pdf/financial-and-regulatory-technology.pdf

Some Calculations on Inflation and Corporate Taxation in Australia

19 Nov 2012 RDP PDF 635KB
Under these original-cost depreciation rules, the real value of tax allowances falls below actual depreciation in inflationary periods. ... First, changes in the tax rules clearly contributed to changes in this ratio.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9012.pdf

Monetary Transmission in a Deregulated Financial System

19 Nov 2012 RDP PDF 825KB
framework to evaluate alternative policy rules as was first done by Poole (1970). ... Indeed, the crucial problem with many simple quantity or price level rules is that.
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8811.pdf

Submission to Payments System Review

3 Feb 2021 Submissions PDF 1155KB
rules governing the operation of the system.’ Subsequent case law has provided some interpretation. ... rules that prevent merchants from recovering the cost of acceptance from BNPL users.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf

Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations

1 Dec 2009 RDP PDF 170KB
demand function, with exogenousmoney, necessarily describe those of a reasonable rate-setting policy rule. ... By contrast, policy simulations are morenaturally examined under alternative policy rules and in terms of changes in theshort-term interest rate
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9608.pdf

The Term Funding Facility: Has It Encouraged Business Lending?

8 Dec 2022 RDP PDF 2133KB
to SMEs by exploiting the BoE’s 2013 amendments to the scheme’s rules.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf

How Many Jobs Did JobKeeper Keep?

2 Dec 2020 RDP PDF 1843KB
announcement. Casual employees faced some additional eligibility requirements. The program rules stipulated that. ... to the control group, because they are ineligible based on the 12-month tenure rule.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf