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CPSS Red Book 2011 1 Payment, clearing and settlement systems in AustraliaAustralia CPSS Red Book 2011 3 Contents List of Introduction ..7 1. Institutional aspects ..9 The general institutional framework ..9 Other regulation ..10 The role of the central bank ..11 payments system oversight ..11 Securities clearing and settlement oversight ..12 CLS Oversight Committee ..13 Operational role ..13 The role of other private and public sector bodies ..14 Australian Competition and Consumer Commission (ACCC) ..14 Australian Securities and Investments Commission (ASIC) ..14 Australian Prudential Regulation Authority (APRA).
Australia 8 CPSS – Red Book – 2011 under the Payment Systems (Regulation) Act 1998.After extensive consultation, the RBA determined Standards for the setting of interchange fees for both systems, and the removal
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