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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments

23 Apr 2024 Media Releases
The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.
https://www.rba.gov.au/media-releases/2024/mr-24-07.html

ASIC and RBA Acknowledge ASX's CHESS Solution Design Announcement

20 Nov 2023 Media Releases
Today, ASIC and the Reserve Bank of Australia (RBA) (the Regulators) acknowledged ASX’s announcement of a solution design to replace CHESS.
https://www.rba.gov.au/media-releases/2023/mr-23-32.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

December: 1997-Sample Questionnaire

9 Mar 2023 Media Release
the local clearing house rules the beneficiary or its bank;.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html

December: 1997-Methodology

9 Mar 2023 Media Release
the relevant payments system or because some other factor (eg internal procedures, correspondent banking arrangements, local payments system rules, laws) makes cancellation dependent upon the consent of the counterparty or another
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/methodology.html

December: 1997-Settlement Risk on Australian Dollar Transactions

9 Mar 2023 Media Release
This was to be expected. Essentially, the time of cancellation faced by domestic dealers is dependent upon the rules of the system which they use to send the payments.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.html

December: 1997-Settlement Practices in the Australian Foreign Exchange Market

9 Mar 2023 Media Release
The GBP and AUD were the two exceptions to this rule.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html

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

Review of Retail Payments Regulation: Conclusions

22 Oct 2021 Media Releases
The Payments System Board’s Review of Retail Payments Regulation has concluded with the release of a Conclusions Paper. The Payments System Board has also announced an exemption from aspects of the Access Regime for the ATM System.
https://www.rba.gov.au/media-releases/2021/mr-21-23.html

Payments System Board Update: August 2021 Meeting

20 Aug 2021 Media Releases
At its meeting today, the Payments System Board discussed the Bank's review of retail payments regulation, the assessment of the ASX clearing and settlement facilities against the Bank's Financial Stability Standards, payment scams, and an updated
https://www.rba.gov.au/media-releases/2021/mr-21-16.html