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Economic News

$45 Million Versus $25 Million: Why Banning All Card Surcharges Was The lower estimated implementation cost

The Reserve Bank's own estimates put the system cost of removing surcharges on both debit and credit cards at around $25 million, below the $45 million it estimated for scrapping debit surcharges alone.

Sonal Goyal | 14 October 2026

Overall Pricing, Not Line Items: How Card Costs may be incorporated into overall pricing

With card surcharges removed from 1 October 2026, the Reserve Bank's guidance is that the cost of accepting cards can be built into a business's overall prices rather than added as a separate charge at the till.

Sonal Goyal | 14 October 2026

Options for the Future of BECS: Why an Ageing Clearing System Sits at the Heart of Payments Reform

When the Reserve Bank's Payments System Board met on 27 August 2026, the future of the Bulk Electronic Clearing System headed a list of issues it said must be resolved as Australia moves towards a new vision for account-to-account payments.

Sonal Goyal | 14 October 2026

Connolly at AFIA on 20 October: The Payments Questions Awaiting the RBA's Policy Chief

Ellis Connolly, the Reserve Bank's Head of Payments Policy Department, is scheduled to take part in a fireside chat at the AFIA conference in Sydney on 20 October 2026, less than three weeks after card surcharges were removed and interchange caps lowered.

Sonal Goyal | 14 October 2026

A Pathway, Not Yet a Destination: The RBA on ASX's Transformation Portfolio

In its latest assessment of ASX's clearing and settlement facilities, the Reserve Bank said the exchange operator's Transformation Portfolio offers a route to the standard expected of critical market infrastructure, but only if it is delivered effectively.

Sonal Goyal | 14 October 2026

An Upgrade With Remaining Gaps: Why the RBA Played Down ASX's Operational Risk Rating Lift

Two ASX facilities moved up a notch on operational risk in the Reserve Bank's September assessment, yet the central bank went out of its way to say the change did not signal a broader improvement in how ASX manages that risk.

Sonal Goyal | 14 October 2026

Overturning Terra Nullius on a Banknote: The Design Brief for a Future $5 Note

The brief for Australia's redesigned $5 note asks the eventual artwork to reflect the overturning of terra nullius and how it shaped a positive future for First Nations peoples, under a theme of Connection to Country.

Sonal Goyal | 14 October 2026

Annual Report on 15 October, Conference Papers on 16 October: The RBA's Scheduled Releases

The Reserve Bank is scheduled to release its Annual Report 2026 on Thursday afternoon and the overview and draft papers from its 2026 conference on monetary policy trade-offs on Friday morning, opening a fortnight of scheduled appearances and data before the 3 November rate …

Sonal Goyal | 14 October 2026

Kent Meets Ross Greenwood and the CBA Conference: Two Scheduled Public Appearances

Assistant Governor Christopher Kent is scheduled for a television interview on Sunday 18 October and a conference fireside chat the following morning, both scheduled after the September rate rise and the release of that meeting's minutes.

Sonal Goyal | 14 October 2026

Second-Round Effects Explained: When Dearer Fuel Seeps Into Everyday Services

A jump in fuel prices is a one-off hit at the bowser until it starts leaking into the price of everything else, and that leakage is one of the risks the Reserve Bank of Australia (RBA) flagged when it lifted the cash rate to …

Sonal Goyal | 14 October 2026
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