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Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation

June 21, 2024

The review was announced by Ellis Connolly, head of payments policy at RBA, during his speech at the Merchant Risk Council Conference in Melbourne this week.

Connolly confirmed that the review would take place once the Australian government completes its evaluation of the current Payment Systems Regulation Act 1998 (PSRA), which also outlines the scope of the RBA’s regulatory powers.

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