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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

Payments & Infrastructure Resources – Media Releases

23 Apr 2024
Media releases relating to the Payments System
https://www.rba.gov.au/payments-and-infrastructure/resources/media-releases.html

Publications | Payments & Infrastructure Resources

23 Apr 2024
A list of useful Australian publications on payments issues
https://www.rba.gov.au/payments-and-infrastructure/resources/publications/

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

Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Payments System Board

19 Jan 2024
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/about-rba/boards/psb-board.html

Payments System

4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html