Payments System Board
E69904
The Payments System Board is the policy-making body within the Reserve Bank of Australia responsible for overseeing and promoting the safety, efficiency, and competitiveness of the country’s payments system.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
governing body
→
policy-making body → statutory board → |
| aims |
to promote competition in the payments system
→
to promote efficiency in the payments system → to promote financial stability → to promote safety in the payments system → |
| canUsePower |
to impose access regimes on payment systems
→
to set standards for payment systems → |
| chairperson |
Governor of the Reserve Bank of Australia
→
|
| compositionIncludes |
Governor of the Reserve Bank of Australia
→
external members appointed by the Treasurer → one representative of the Australian Government → |
| country |
Australia
→
|
| countryServed |
Australia
→
|
| establishedBy |
Reserve Bank Act 1959
→
|
| hasRole |
advising the Australian Government on payments system issues
→
determining the Reserve Bank of Australia’s payments system policy → overseeing clearing and settlement facilities in Australia → |
| headquarters |
Sydney
→
|
| jurisdiction |
Australia
→
|
| language |
English
→
|
| legalBasis |
Reserve Bank Act 1959
→
|
| location |
Sydney
→
|
| oversees |
New Payments Platform
→
Reserve Bank Information and Transfer System → card payment systems in Australia → clearing and settlement systems for derivatives → clearing and settlement systems for securities → high-value payment systems in Australia → retail payments in Australia → |
| parentOrganization |
Reserve Bank of Australia
→
|
| partOf |
Reserve Bank of Australia
→
|
| publishes |
annual report on the payments system
→
|
| regulates |
designated payment systems
→
payment system participants → |
| reportsTo |
Parliament of Australia
→
|
| responsibility |
overseeing the Australian payments system
→
promoting competitiveness of the payments system → promoting control of risk in the financial system → promoting efficiency of the payments system → promoting safety of the payments system → promoting stability of the payments system → |
| sector |
payments system
→
|
| website |
https://www.rba.gov.au/payments-and-infrastructure/payments-system-board/
→
|
| worksWith |
Australian Competition and Consumer Commission
→
Australian Prudential Regulation Authority → Australian Securities and Investments Commission → |
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Reserve Bank of Australia
→
|
hasBoard |