Search: Cash Rate
RBA Glossary definition for Cash Rate
Cash Rate – The interest rate which banks pay to borrow funds from other banks in the money market on an overnight basis. The cash rate is the Reserve Bank of Australia's operational target for the implementation of monetary policy. It is also an important financial benchmark in the Australian financial markets. It is used as the reference rate for Australian dollar Overnight Indexed Swaps (OIS) and the ASX 30 Day Interbank Cash Rate Futures. The Reserve Bank of Australia is the administrator of the cash rate. The cash rate is calculated as the weighted average interest rate on overnight unsecured loans between banks settled in the Reserve Bank Information and Transfer System (RITS). The Cash Rate is also known by the acronym AONIA in financial markets.
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Reforms to the Payment Systems (Regulation) Act 1998
1 Dec 2023
Submissions
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446KB
Submission to Consultation on Exposure Draft Legislation
https://www.rba.gov.au/publications/submissions/payments-system/pdf/reforms-to-the-payment-systems-regulation-nov-2023.pdf
Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology
9 Feb 2021
Submissions
PDF
565KB
It is useful to distinguish between a retail CBDC, which would be like a digital version of cash that is essentially universally accessible, and a wholesale CBDC, which would be accessible ... While the use of cash for transactions is declining, cash is
https://www.rba.gov.au/publications/submissions/payments-system/pdf/supplementary-submission-technology-12-2020.pdf
Proposed Merger Between Armaguard and Prosegur
9 May 2023
Submissions
PDF
107KB
needs to remain effective, efficient, sustainable and resilient in the face of ongoing declines in cash usage. ... regulatory responses may be necessary to maintain adequate access to cash in the future.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/proposed-merger-armaguard-and-prosegur-submission-may-2023.pdf
Submission to the Senate Select Committee on Financial Technology and Regulatory Technology
9 Jan 2020
Submissions
PDF
797KB
Australians are making payments. There has been a marked shift away from cash and cheques to. ... Cheques. Direct debits and. credit transfers. Cash. 2019 cash transaction data are preliminary.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/pdf/financial-and-regulatory-technology.pdf
Australian Banking Association – Application for Authorisation AA1000664
23 Apr 2024
Submissions
PDF
113KB
Proposed authorisationThe RBA places a high priority on the community continuing to have reasonable access to cash withdrawal and deposit services. ... Any suspension or disruption in the supply of CIT services could significantly reduce the availability
https://www.rba.gov.au/publications/submissions/payments-system/accc-on-aba-cash-in-transit-application-04-2024/pdf/submission-to-accc-on-aba-cash-in-transit-application-april-2024.pdf
Submission to the Senate Select Committee on Australia as a Technology and Financial Centre - July 2021
19 Jul 2021
Submissions
PDF
610KB
Like cash and settlement account balances, the unit of account of the CBDC would be the sovereign currency (i.e. ... For example, ASX Limited is implementing a permissioned DLT environment in its current technology refresh for the clearing and settlement
https://www.rba.gov.au/publications/submissions/payments-system/pdf/inquiry-into-australia-as-a-technology-and-financial-centre.pdf
Applications for Authorisation in Relation to 3D Secure
2 Mar 2016
Submissions
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152KB
Submission to the Australian Competition and Consumer Commission
https://www.rba.gov.au/publications/submissions/payments-system/pdf/applications-for-authorisation-re-3d-secure.pdf
Reforms to the Payment Systems (Regulation) Act 1998
20 Dec 2023
Submissions
PDF
306KB
System; this is important given that cash helps financial inclusion, provides consumers with another. ... regulatory framework for dealing with the sustainability and competitiveness of the cash-in-transit.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/treasury-consultation-on-reforms-to-the-psra-submission-07-07-2023.pdf
Submission to the Australian Payments Clearing Association - The Role of Cheques in an Evolving Payments System
3 Aug 2011
Submissions
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265KB
year over the past decade. They have fallen from 40 per cent of non-cash payments in 1995 to around 5 per cent. ... 100. Non-cash Payments per CapitaFinancial year. No No. 201120082005. BPAY. Credit cards.
https://www.rba.gov.au/publications/submissions/payments-system/role-of-cheques-in-evolving-payments-system/pdf/role-of-cheques-in-evolving-payments.pdf
Submission to the Inquiry into Development of the Commonwealth Performance Framework
18 Jun 2015
Submissions
PDF
206KB
Inquiry into Development of the Commonwealth Performance Framework
https://www.rba.gov.au/publications/submissions/other/pdf/inquiry-development-of-commonwealth-performance-framework.pdf