On 7 February 2018, the Productivity Commission (PC) released its Draft Report into Competition in the Australian Financial System. Further submissions were sought by 20 March 2018.
The Draft Report included several draft recommendations impacting the Australian payments system. AusPayNet’s submission focused on these issues including merchant routing, interchange fees, and the ePayments Code. Our submission to the Draft Report can be accessed at the link below.
The Final Report is due to Government by 1 July 2018 and is expected to be released later this year.
The Draft Report builds on an earlier consultation paper, released in July 2017. Our submission to the initial consultation paper can be accessed here.