Australia: Consultation on ISO 20022 migration for the Australian Payments System
The Reserve Bank of Australia and the Australian Payments Council have released for consultation, ISO 20022 Migration for the Australian Payments System – Responses and Options Paper (Responses and Options Paper).
This release follows the Issues Paper, published earlier in 2019, which sought views of stakeholders on the migration of messaging used in some parts of the Australian payments system to the International Organization for Standardization (ISO) 20022 payments messaging standard.
The Responses and Options Paper provides a summary of the responses received through the initial consultation and puts forward some potential implementation options for consideration, based on strategic issues outlined in the Issues Paper.
Stakeholders are required to provide written comments by November 11, 2019.