The ACCC has granted interim authorisation to Australian Payments Network Limited (AusPayNet) and members of the Australian Paper Clearing System for conduct to take certain steps necessary to begin meeting the Government’s plan and timetable for the winding down of Australia’s cheques payment system, as laid out in Treasury’s recently published Cheques Transition Plan.
Interim authorisation commences immediately for a subset of the conduct, while the ACCC continues its assessment of the substantive application for authorisation AA1000689.
Further information about the ACCC’s interim decision is available on the ACCC’s public register.