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RBA Glossary definition for IAC
IAC – Issuers and Acquirers Community - AusPayNet established the Issuers and Acquirers Community (IAC) on 1 July 2015, a forum for discussions, establishing rules, standards and guidelines, and provision for a range of specialty services for all card payments in Australia.
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Payment Systems and Netting Act 1998: Approval of Netting Arrangement
16 Jun 2015
Media Releases
IAC) Regulations and Volume 5 of the IAC Code Set are to be ‘approved multilateral netting arrangements’ under the Payment Systems and Netting Act 1998.
https://www.rba.gov.au/media-releases/2015/mr-15-10.html