Regulator function
The PSB is responsible for determining the RBA's payments system policy, exercised in a way that will best contribute to:
- controlling risk in the financial system
- promoting the efficiency of the payments system
- promoting competition in the market for payment services, consistent with the overall stability of the financial system.
Legislation
- Reserve Bank Act 1959
- Payment Systems (Regulation) Act 1998
- Payment Systems and Netting Act 1998
- Part 7.3 of the Corporations Act 2001
Regulated community
Payments systems and participants
Portfolio
Treasury
Internal to department / external entity
External