The Reserve Financial institution of Australia (RBA) is commencing its Assessment into Funds System
Regulation. The RBA has right now 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 Methods (Regulation) Act 1998 to develop the protection of the
laws to extra cost programs and their individuals.
This Assessment comes at a time of serious innovation and alter within the funds
panorama, which is reshaping how Australian customers and companies make and obtain
funds. These developments have the potential to make funds extra handy and
safer, facilitate the entry of recent gamers and decrease prices for finish customers. On the similar
time, they might give rise to potential considerations for competitors, effectivity or
monetary security within the funds system. This Assessment 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
- cellular 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
by 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
might 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.
