Description of Conduct

On 6 April 2020, Australian Payments Network Limited (AusPayNet) (formerly the Australian Payments Clearing Association) applied for revocation and substitution of authorisations A91497 and A91498, concerning the certification, suspension, and termination provisions of the Issuers and Acquirers Community (IAC) Regulations and Code Set. The IAC framework is a payment clearing and settlement system created by AusPayNet to set minimum standards for conduct and settlement procedures for transactions between banks carried across ATM and card payment networks (including Visa, Mastercard, American Express and eftpos).

The IAC and preceding frameworks have been authorised by the ACCC since 2000, and was last reauthorised in 2015. AusPayNet has applied for reauthorisation for another five years.

A full copy of AusPayNet’s application for authorisation is below.

On 5 June 2020, the ACCC issued a draft determination proposing to grant authorisation. 

On 10 July 2020, the ACCC issued a determination authorising the Proposed Conduct until 1 August 2025. The determination is available below.


  • Australian Payments Network Limited

Authorisation number(s)

  • AA1000495-1