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RBA Glossary definition for deregulation

deregulation – The progressive removal of controls on entry and operations, intended to enhance competition, and raise the productivity of the major entities in the industry concerned.

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The Payments System Board's Mandate and Objectives | A Revised Interchange Standard for the EFTPOS System – November 2009

9 Mar 2023
The Inquiry found that, while earlier deregulation had improved competition and efficiency in Australia's payments system, further gains were possible.
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/rev-inter-stand-eftpos/psb-mandate.html

December: 1997-Risk Management Practices

9 Mar 2023 Media Release
This market existed prior to deregulation and operated on a non-deliverable basis.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html

Decision-making Processes and Policy Tools | Macroprudential Analysis and Policy in the Australian Financial Stability Framework –…

9 Mar 2023
While credit booms typically precede periods of financial instability, the ratio of credit to GDP can change trend for other reasons, including that the onset of financial deregulation or rapid economic
https://www.rba.gov.au/fin-stability/resources/2012-09-map-aus-fsf/dec-making-proc-pol-tools.html

Objectives | A Variation to the Surcharging Standards: Final Reforms and Regulation Impact Statement June 2012

9 Mar 2023
The Inquiry found that, while earlier deregulation had improved competition and efficiency in Australia's payments system, further gains were possible.
https://www.rba.gov.au/payments-and-infrastructure/cards/201206-var-surcharging-stnds-fin-ref-ris/objectives.html

Restrictions on Merchant Pricing | I A Consultation Document

9 Mar 2023
The same conclusions were reached by the Martin Committee in its 1991 report into banking and deregulation.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/restriction-merchant-pricing.html

The Board's Response | Reform of Australia's Payments System: Conclusions of the 2007/08 Review – September 2008

9 Mar 2023
The Board also indicated that if interchange fees in the credit card systems were to rise materially following deregulation, it would consider the reimposition of regulation on these fees. ... In the Preliminary Conclusions, the Board indicated that the
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-conclusions/the-boards-response.html

Promoting Efficiency And Competition | I A Consultation Document

9 Mar 2023
enter a market in response to above-normal profit opportunities, have been the guiding principles for tariff reform and market deregulation in Australia.
https://www.rba.gov.au/payments-and-infrastructure/credit-cards/ia-consult-doc/promoting-efficiency-competition.html

The Payments System Board's Mandate and Objectives | Preliminary Conclusions of the 2007/08 Review – April 2008

9 Mar 2023
The Inquiry found that, while earlier deregulation had improved competition and efficiency in Australia's payments system, further gains were possible.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-pre-conclusions/board-mandate-obj.html

The Payments System Board's Mandate and Objectives | Reform of Australia's Payments System: Conclusions of the 2007/08 Review – September…

9 Mar 2023
The Inquiry found that, while earlier deregulation had improved competition and efficiency in Australia's payments system, further gains were possible.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-conclusions/the-payments-system-boards-mandate-and-objectives.html

Background to the Review | Issues for the 2007/08 Review – May 2007

9 Mar 2023
The Inquiry found that, while earlier deregulation had improved competition and efficiency, further gains were possible.
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/review-0708-issues/background.html