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RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

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Message Design Enhancements | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
There was general agreement that the starting point for defining domestic credit message standards should be the internationally agreed HVPS+ guidelines for domestic real-time gross settlement (RTGS) systems (Figure 6).
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/message-design-enhancements.html

The Decline of Traditional Payment Methods | Strategic Review of Innovation in the Payments System: Issues for Consultation June 2011 |…

7 Jun 2011 Consultations
physical, face-to-face, instant exchange, for example for a property settlement;. unlimited additional data to accompany the payment, for instance by attaching the cheque to an invoice or other information;.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/decline-traditional-payment-methods.html

Introduction | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
MB. Download the Response Template 97. KB. The Australian payments system comprises a number of payment services, clearing systems and settlement systems. ... Some of these services and systems use the Society for Worldwide Interbank Financial
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/introduction.html

Migration Approach | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
This approach would immediately implement clearing and settlement of ISO 20022 messaging between participants and would allow institutions to retire back office MT support once they have completed their internal system ... For the HVCS and batch
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/migration-approach.html

Introduction | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
RITS Fast Settlement Service (FSS), another third that are RITS Members not directly using NPP/FSS, and a little over a third made up of payments industry bodies, corporates, vendors and
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/introduction.html