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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

24 Mar 2003 PSB Annual Report – 2002
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/2002/glossary.html

Payments System Board Annual Report 2002 - The Australian Payments System

22 Sep 2005 PSB Annual Report 2002 PDF 189KB
https://www.rba.gov.au/publications/annual-reports/psb/2002/pdf/au-payments.pdf

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

Reform of Card Payment Systems

26 Sep 2006 PSB Annual Report – 2006
The designation was followed in October 2004 by a legal challenge in the Federal Court by a group of merchants to the validity of the designation. ... It noted, however, that final decisions would not be made until the legal challenge to designation of
https://www.rba.gov.au/publications/annual-reports/psb/2006/reform-card.html

New Financial Stability Governance and Central Banks

13 Dec 2017 Conferences PDF 1022KB
RBA Conference Volume 2017
https://www.rba.gov.au/publications/confs/2017/pdf/rba-conference-volume-2017-edge-liang.pdf

Proposed Merger Between Armaguard and Prosegur

17 Apr 2023 Submissions PDF 228KB
The Reserve Bank also notes the Applicants’ reference to a proposed ministerial designation power as outlined in the Treasury consultation on ‘A Strategic Plan for the Payments System in Australia’ (Strategic ... The Reserve Bank understands that
https://www.rba.gov.au/publications/submissions/payments-system/pdf/proposed-merger-armaguard-and-prosegur-submission-april-2023.pdf

Monetary Policy and Financial Stability in a World of Low Interest Rates

18 Dec 2017 Conferences PDF 8052KB
RBA Conference Volume 2017
https://www.rba.gov.au/publications/confs/2017/pdf/rba-conference-volume-2017.pdf

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

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