Regulation. The RBA has at this time launched an Points Paper, inviting stakeholder views and
proof on which funds coverage points needs to be prioritised by the RBA. This adopted
amendments to the Cost Programs (Regulation) Act 1998 to develop the protection of the
laws to extra cost methods and their members.
This Evaluation comes at a time of great innovation and alter within the funds
panorama, which is reshaping how Australian shoppers and companies make and obtain
funds. These developments have the potential to make funds extra handy and
safer, facilitate the entry of latest gamers and decrease prices for finish customers. On the identical
time, they might give rise to potential issues for competitors, effectivity or
monetary security within the funds system. This Evaluation would assist to make sure RBA’s funds
system regulation continues to advertise the general public curiosity.
The Points Paper units out potential questions on:
- service provider alternative of cost strategies and suppliers
- account-to-account funds and competitors with card funds
- cell wallets, non-designated card networks and purchase now pay later providers
- cryptography and fraud prevention.
Stakeholders can present written submissions by 7 August 2026. The proof gathered
via this session will inform the RBA’s prioritisation of points and
consideration of whether or not regulatory motion could also be warranted and, if that’s the case, what type that
may take. The RBA intends to publish a listing of regulatory priorities by the tip of
2026 and begin additional session on prioritised points by mid-2027.
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