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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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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

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

Financial Stability Review March 2015

24 Mar 2015 FSR March 2015 PDF 1257KB
https://www.rba.gov.au/publications/fsr/2015/mar/pdf/0315.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

The Australian Financial System

24 Mar 2015 FSR March 2015 PDF 496KB
https://www.rba.gov.au/publications/fsr/2015/mar/pdf/aus-fin-sys.pdf

Payments System Board Annual Report 2004 - Reform of the Australian Payments System

22 Sep 2005 PSB Annual Report 2004 PDF 49KB
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/reform.pdf

Payments System Board Annual Report 2004 - Competition and Efficiency

22 Sep 2005 PSB Annual Report 2004 PDF 67KB
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/competition.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

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