Local and global policy trends are shaping the future of payments.
As the payments system rapidly evolves, the views and expectations of policymakers, regulators and the broader public are undergoing a similar shift. Local and global policy trends are increasingly shaping the future of payments.
As the industry association and self-regulatory body, AusPayNet works with industry stakeholders, government regulators and the wider community to provide thought leadership and policy development for the payments industry. Our aim is to foster an efficient, effective payment system.
As part of this role, we:
Our Policy Experts Group (PEG) takes a strategic, long-term and proactive view of the policy issues shaping the Australian payments industry. The PEG draws on policy specialists from across industry, and provides a forum for early discussion of identified trends.
Our submissions process helps us deliver an informed view to government and industry inquiries representing the views of the payments industry. We help policymakers and regulators understand the needs of an effective and efficient payments system.
Our consultations encourage and lead conversations about trends in payments.
AusPayNet consults on a variety of issues, including industry policy, government submissions, and broader trends in payments. Notable earlier activities have included a wide-ranging consultation on the decline of cheques in 2012 and joint-consultation with the Reserve Bank on the establishment of a new payments industry coordination body, the Australian Payments Council.
Our consultation process acknowledges the importance of a community voice in discussions on the evolution of the Australian payments system.
Our submissions process ensures we represent the views of the payments industry.
A range of stakeholders, regulators and policymakers consult and seek feedback on issues affecting the payments system. These include industry bodies, Parliamentary Committees, government departments, independent inquiries, and so on.
As the association and self-regulatory body for the payments industry, AusPayNet is well-positioned to put forward a consolidated industry position. We work with our members and other stakeholders to understand the nuances and the landscape of policy debates, and to produce informed submissions that can help shape government policy, and ensure the outcome of an efficient, effective payment system.