Reserve Bank of Australia Plans 2007/08 Review Of Payment System Reforms
When the Reserve Bank of Australia announced its reforms to the credit card systems in Australia in August 2002, it indicated that it would review the credit and debit card systems and the Bank’s reforms in five years time. The RBA has now announced its plans to conduct a 2007/08 Review of Payment System Reforms in Australia - including conducting two substantial pieces of research: "a comprehensive study of the resource costs involved in different methods of payment, including cash," and "a study of how various payment methods are used in different circumstances, including the potential for substitutability between various forms of payment."
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