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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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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

Proposed Merger Between Armaguard and Prosegur – April 2023 | Responses and Options Paper

8 May 2024 Submissions
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 the
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-april-2023/index.html

Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper

8 May 2024 Submissions
Submissions – Payments System Proposed merger between Armaguard and Prosegur. Submission to the ACCC. October 2022. Download the Submission 6.7. MB. Note: Some statements have been redacted. The Reserve Bank of Australia (the Reserve Bank) has
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html

Consultations

4 Apr 2024 Consultations
Index of Consultations
https://www.rba.gov.au/publications/consultations/

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

Banking and Issue Operations

24 Jul 2023 RBA Annual Report – 1975
672. 1,181. 401. 2,545. In keeping with Government policy that the term “Australia” be used wherever practicable, the designation on Australian notes was altered by substituting the title “Australia”
https://www.rba.gov.au/publications/annual-reports/rba/1975/banking-and-issue-operations.html

Retail Payments Regulation and Policy Issues

21 Oct 2021 PSB Annual Report – 2021
expanding the scope of the Bank's designation power in the Payment Systems (Regulation) Act 1998 to ensure that the Bank can regulate new and emerging payment systems and introducing a ... new designation power for the Treasurer based on national
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html

Domestic Regulatory Developments

8 Oct 2021 FSR – October 2021
increasing flexibility to regulate new and emerging payment systems, including by expanding the Bank's ability to designate payment systems and by introducing a new designation power for the Treasurer, guided
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html

A Counterfeit Story: Operation Gridline

10 Dec 2020 Bulletin – December 2020
Kathryn Miegel and Kylie Symeonakis
In 2019, the counterfeiters responsible for the production of a group of high quality and counterfeit banknotes were sentenced.
https://www.rba.gov.au/publications/bulletin/2020/dec/a-counterfeit-story-operation-gridline.html

Retail Payments Regulation and Policy Issues

17 Oct 2019 PSB Annual Report – 2019
Accordingly, American Express has requested that the Bank revoke the designation of the American Express Companion Card Scheme.
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html