Central Banking

Reserve Bank of Australia Media Release

MEDIA RELEASE - Reform of credit card schemes in Australia, 18 March.

In December 2001, the Reserve Bank of Australia released, for public discussion, a Consultation Document outlining proposed reforms to credit card schemes in Australia. The proposed reform measures will apply to the credit card schemes operated in Australia by Bankcard, MasterCard and Visa, which were formally "designated" by the Reserve Bank as payment systems subject to its regulation in April 2001.

When releasing the Consu