Economic News

Governor Michele Bullock summed up the shift in her opening statement to the SenateEconomicsLegislation Committee on 28 October: "Card surcharging was removed from 1 October". What the Reserve Bank of Australia (RBA) has also made clear, in its card surcharges FAQ published on 14 …

According to the RBA's card surcharges FAQ, published on 14 September 2026, lower interchange caps on domestic cards applied from 1 October 2026, while caps on foreign-issued cards acquired in Australia apply from 1 April 2027. The six-month gap means merchants who accept a …

The requirement appears in the RBA's card surcharges FAQ, published on 14 September 2026. It is the final item in a three-step disclosure timetable that began on 30 October 2026.

The Board's media release (MR 2026-23) framed it this way: "If the industry is unable to make coordinated progress on modernising A2A payments", the Board encourages the RBA to consider further action.

The release (MR 2026-23) did not go into detail on each. But the choice of those three is revealing, because together they describe the basic challenge of upgrading shared payments infrastructure: what to do with the old system, how to make sure the new …

That is why the Reserve Bank of Australia (RBA) assesses the ASX's clearing and settlement facilities against its Financial Stability Standards each year. In its update of 27 August 2026 (MR 2026-23), the Payments System Board endorsed the latest annual Assessment. The release noted …

That theme is "Connection to Country". It was selected by an Imagery Selection Panel, which described it as reflecting "the enduring connection that First Nations peoples have to Country." The RBA's banknote pages says the theme "will guide the creation of an artwork."