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RBA Glossary definition for direct debit
direct debit – A pre-authorised debit on the payer's bank account initiated by the recipient (payee).
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Payments System Issues
20 May 2009
Media Releases
At its meeting on 15 May 2009, the Payments System Board considered issues relating to clearing and settlement facilities, and the industry's progress on meeting the Board's conditions if it is to step back from interchange regulation
https://www.rba.gov.au/media-releases/2009/mr-09-10.html
Access Regime for the EFTPOS System - April 2006
26 Apr 2006
Media Release
PDF
42KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/eftpos-access-regime.pdf
Payment Systems (Regulation) Act 1998, Draft Access Regime for the designated EFTPOS payment system
20 Dec 2005
Media Release
PDF
188KB
Reform of EFTPOS System in Australia
https://www.rba.gov.au/media-releases/2005/pdf/mr-05-16-gazette-notice-eftpos-access-regime.pdf
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
PDF
178KB
Once the $50 million payment was processed, the sub-limit could be re-set to Debit $20 million — the same as the overdraft limit. ... cheques, direct entry, EFTPOS, etc — would still be settled in multilateral net batches.
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-2.pdf
Payment Systems (Regulation) Act 1998 Access Regime for the designated EFTPOS system
23 Feb 2004
Media Releases
Payment Systems (Regulation) Act 1998 Access Regime for the designated EFTPOS system
https://www.rba.gov.au/media-releases/2006/mr-06-06-gazette-notice-eftpos-access-regime.html
Access Regime for the EFTPOS System
12 Sep 2006
Media Release
PDF
76KB
Reform of the EFTPOS System
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-06-gazette-notice-eftpos-access-regime.pdf
Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia
5 Apr 1995
Media Releases
Once the $50 million payment was processed, the sub-limit could be re-set to Debit $20 million — the same as the overdraft limit. ... While the RTGS system would eventually process all high-value payments in real time, payments taking place through the
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.html
December: 1997-Settlement Risk on Australian Dollar Transactions
9 Mar 2023
Media Release
Settlement of AUD transactions for a dealer's own account is effected through many different means, both direct and indirect. ... However, some direct cross-rate trading does occur, albeit in low volumes, against other currencies.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.html
The Australian Debit Card Market: Default Settings and Tokenisation – Conclusions Paper
28 Sep 2023
Media Releases
The Reserve Bank of Australia has released a Conclusions Paper setting out the conclusions of its recent public consultation on options for further enhancing the competitiveness, efficiency and safety of Australia’s debit card market.
https://www.rba.gov.au/media-releases/2023/mr-23-24.html
Promoting Competition in the Debit Card Market
21 Jun 2023
Media Releases
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
https://www.rba.gov.au/media-releases/2023/mr-23-15.html