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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Designation 1 of 2012
12 Jun 2012
Media Release
PDF
35KB
Designation Under the Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2012/pdf/mr-12-15-designation.pdf
Gazette Notice - 24 July 2003
24 Jul 2003
Media Release
PDF
232KB
rules of the Scheme” mean the constitution, rules, by-laws, proceduresand instruments of the Scheme as applied in Australia, and any other. ... Scheme. 12. Neither the rules of the Scheme nor any participant in the Scheme shall.
https://www.rba.gov.au/media-releases/2003/pdf/mr-03-09-gazette-notice.pdf
BIS Innovation Hub and Central Banks of Australia, Malaysia, Singapore and South Africa Develop Experimental Multi-CBDC Platform for…
22 Mar 2022
Media Releases
BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa develop experimental multi-CBDC platform for international settlements.
https://www.rba.gov.au/media-releases/2022/mr-22-09.html
Payment Systems and Netting Act 1998: Approval of RITS and Austraclear
29 Oct 1998
Media Releases
The Payments System Board declares the Reserve Bank Information and Transfer System (RITS) and the Austraclear System (otherwise known as FINTRACS) are approved real-time gross settlement (RTGS) systems in terms of the Payment Systems and Netting
https://www.rba.gov.au/media-releases/1998/mr-98-15.html
Gazette Notice (MasterCard) - 23 February 2004
23 Feb 2004
Media Release
PDF
27KB
Terms of participation. 10. Neither the rules of the Scheme nor any participant in the Scheme shall prevent a participant in the Scheme in Australia from being:. ... can reasonably establish in accordance with the rules of the Scheme that, as a self
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-02-gazette-notice-mastercard.pdf
Assessment of the Reserve Bank Information and Transfer System
16 Jun 2021
Media Releases
The Assessment concludes that RITS ‘observed’ all relevant Principles as at 31 March 2021, except for the Principles on Participant-Default Rules and Procedures, and on Operational Risk, which were rated
https://www.rba.gov.au/media-releases/2021/mr-21-11.html
Payments System Board Update: November 2020 Meeting
20 Nov 2020
Media Releases
Today’s Payments System Board meeting discussed the Bank’s review of the retail payments regulation, Treasury’s forthcoming review of the Australian payments system, the involvement of ‘bigtech’ firms in the payments industry, the Bank’s
https://www.rba.gov.au/media-releases/2020/mr-20-30.html
Payments System Issues
12 Jun 2012
Media Releases
The variation allows card scheme rules to limit surcharges to the reasonable cost of card acceptance. ... The new designation will be narrow in scope, defining the EFTPOS system based on the Scheme Rules of EFTPOS Payments Australia Limited (EPAL).
https://www.rba.gov.au/media-releases/2012/mr-12-15.html
BIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions
5 Oct 2023
Media Releases
The BIS Innovation Hub Singapore Centre, Reserve Bank of Australia, Bank of Korea, Bank Negara Malaysia, and Monetary Authority of Singapore today launched Project Mandala.
https://www.rba.gov.au/media-releases/2023/mr-23-26.html
Reform of Debit Card Systems in Australia
20 Dec 2005
Media Releases
The Reserve Bank has gazetted a draft Access Regime for the EFTPOS system and released a Consultation Document. The proposals, together with APCA's EFTPOS Code, are designed to significantly improve access arrangements to Australia's EFTPOS system.
https://www.rba.gov.au/media-releases/2005/mr-05-16.html