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RBA Glossary definition for agency banking

agency banking – Since 1 July 1999 all Australian Government departments and agencies have been responsible for their own individual banking arrangements. Under devolved banking arrangements, agencies are required to test the services previously provided by the Reserve Bank of Australia (RBA) against what is available from other financial institutions. However, the Australian Government's core account, the Official Public Account, remained with the RBA. A system sweeps balances of Australian Government departments and agencies from their transactional banker to the Official Public Account at the RBA each night.

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REVIEW OF RETAIL PAYMENTS REGULATION: ISSUES PAPER

12 Feb 2020 DOCX 55KB
The PSD2 legal framework creates an ‘overlay’ on top of traditional banking systems. ... In 2020, we intend to bring our API-based Open Banking platform to Australia and help local and international companies to build better experiences for their
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/truelayer.DOCX

19 February 2020 Tony Richards Head of Payments Policy ...

19 Feb 2020 DOCX 95KB
It would also be helpful to consider whether a lead regulator for CDR (including Open Banking, Consent Management and Digital ID) should be considered. ... In addition, given that CDR and open banking will eventually introduce payment capability, the
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX

Summary

11 Feb 2020 DOCX 175KB
and fraud protection, links to accounting or banking systems and access to multiple payment systems.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX