On July 2, 2025, the Australian Competition and Consumer and Consumer Committee (ACCC) issued a final identification of the AA1000689 authorization to extend the extension of Australian Payments Network Limited (Auspaynet) and the members of the Australian Payments System for Australia’s Clearance System for the participation Government from the Australian control system.
Behavior includes:
- in force and applies to agreements with each other and third parties, such as the Bank of Australia, the Government and the Industry, and
- Participation in discussions on tracking progress, issues reporting and the development of solutions to facilitate the wind of controls.
The behavior reflects the proposed cooperation between the financial services sector and the government in the plan to transition the checks of the Treasury, which aims to stop the issuance of audits by June 30, 2028 and to stop accepting the audits and close the control system by September 30.
The ACCC granted interim authorization on December 18, 2024 for Auspaynet to participate in preparatory behavior to begin the project required to cover the Treasury’s timetable for the transition from the audits and issued a designation plan proposing to grant a prerequisite of 20.
Authorization is granted by 31 December 2030.