Formation of the Australian Payments Council

Media Release Number 2014-14: The Reserve Bank of Australia welcomes the establishment of a new coordination body for the Australian payments industry – the Australian Payments Council – and the appointment of Ms Christine McLoughlin as its inaugural Chair. The Council will aim to foster the ongoing development of the Australian payments system to ensure it continues to meet the changing needs of its users with innovative, safe and competitive payment services. This will complement the oversight of the payments system in the public interest by the Bank and its Payments System Board.