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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Attachment 2 | A Variation to the Surcharging Standards: A Consultation Document December 2011 | Consultations

10 Dec 2011 Consultations
The objective of this Standard is to ensure that the rules of the Visa Debit system and the Visa credit card system promote:. ... to merchants for goods or services on credit, or any other article issued under the rules of the Scheme and commonly known
https://www.rba.gov.au/publications/consultations/201112-variation-surcharging-standards/attachment-2.html

Submissions

13 Mar 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/

Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

25 May 2023 Submissions
The nature of platform businesses is that they are able to set the rules of participation in their platform or network. ... card schemes provide the Bank with access to their fee schedules and scheme rules.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Background | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

7 Jun 2011 Consultations
These rules had masked price signals to cardholders about the relative costs of different payment methods. ... The American Express, Diners Club and Debit MasterCard systems each provided voluntary undertakings to remove their equivalent rules.
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/background.html

Other | Submissions

19 Feb 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/other/

The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper

14 Jun 2023 Submissions
They may need to pay two sets of membership fees, adhere to two different sets of rules and membership requirements, connect to different networks and accommodate differing messaging requirements.
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html

Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

13 Jun 2023 Submissions
APCA administers the rules under which clearing of EFTPOS transactions occurs – known as the rules for the Consumer Electronic Clearing System (CECS). ... It is undertaking work aimed at including provisions dealing with access in these rules.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

Reviewing the Designation of the eftpos System | Review of Card Surcharging: A Consultation Document June 2011 | Consultations

9 Mar 2012 Consultations
As a result, a number of references to the eftpos system have been removed from APCA's CECS manual and replaced with reference to ePAL's rules. ... This might involve making reference to ePAL's scheme rules while also including other arrangements
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/efpos-system.html

Submission to the Inquiry into Public Governance, Performance and Accountability Act 2013 Rules Development | Performance and…

1 Mar 2014 Submissions
In addition, the RBA has made a number of written comments on various draft Rules. ... Any RBA-specific rule will be considered in conjunction with the Consequential and Transitional Bill.
https://www.rba.gov.au/publications/submissions/other/inquiry-public-governance-performance-and-accountability-act-rules-development/

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
The result of this approach is that the scope of the Bank's regulation has been relatively narrow, largely covering interchange fees and scheme rule restrictions relating to merchants in card ... any potential policy issues associated with the growth of
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html