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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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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

Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation

28 May 2021 Media Releases
At its meeting on 21 May, the Payments System Board approved a consultation on a proposed package of policy actions related to the Bank's retail payments regulation. The Bank has today released a Consultation Paper setting out the proposed policy
https://www.rba.gov.au/media-releases/2021/mr-21-08.html

Payments System Board Update: February 2021 Meeting

19 Feb 2021 Media Releases
At its meeting today, the Payments System Board discussed the Bank�s review of retail payments regulation and the Treasury review of the Australian payments system, cyber risks in the Australian payments system, operational incidents at the ASX,
https://www.rba.gov.au/media-releases/2021/mr-21-02.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

Review of Retail Payments Regulation – Issues Paper

29 Nov 2019 Media Releases
The Payments System Board’s Review of Retail Payments Regulation has commenced with the release of an Issues Paper
https://www.rba.gov.au/media-releases/2019/mr-19-32.html

ASIC and RBA Welcome the New BBSW Calculation Methodology

18 May 2018 Media Releases
ASIC and RBA Welcome the New BBSW Calculation Methodology
https://www.rba.gov.au/media-releases/2018/mr-18-13.html

ASIC and RBA Welcome the Publication of ASX BBSW Trade and Trade Reporting Guidelines

10 Oct 2017 Media Releases
ASIC and the Reserve Bank of Australia (RBA) today welcome the publication of the ASX BBSW Trade and Trade Reporting Guidelines (ASX BBSW Guidelines).
https://www.rba.gov.au/media-releases/2017/mr-17-22.html

Payment Systems and Netting Act 1998: Approval of Netting Arrangement

24 Jul 2017 Media Releases
At its meeting on 19 August 2016, the Payments System Board approved the multilateral netting arrangements coordinated by eftpos Payments Australia Limited, subject to compliance with certain conditions.
https://www.rba.gov.au/media-releases/2017/mr-17-14.html

Payments System Board Update: February 2017 Meeting

17 Feb 2017 Media Releases
At its meeting today, the Payments System Board discussed progress on the New Payments Platform (NPP).
https://www.rba.gov.au/media-releases/2017/mr-17-05.html

Payments System Board Update: November 2016 Meeting

18 Nov 2016 Media Releases
At its meeting today the Payments System Board discussed strategic priorities for the Bank's payments policy work, including some issues relating to technology, competition and efficiency.
https://www.rba.gov.au/media-releases/2016/mr-16-28.html