Description of Conduct

AusPayNet sought re-authorisation to continue to give effect to the HVCS Regulations and Procedures in respect of (a) suspension and termination provisions and (b) the requirement that HVCS members join the Society for Worldwide Interbank Financial Transactions (SWIFT). AusPayNet also sought that authorisation extend to amendments to certain authorised provisions during 2022 for the purpose of implementing a change in the SWIFT messaging system used in the HVCS.

On 9 March 2022, the ACCC issued a draft determination proposing to grant re-authorisation. On 14 April 2022, the ACCC issued a final determination granting re-authorisation until 6 May 2032. A copy of the application for authorisation and the ACCC’s draft and final determination are available below.


  • Australian Payments Network Limited

Authorisation number(s)

  • AA1000590-1


Document title Date
Application Received


ACCC correspondence

Submissions - before draft decision

Document title Date
Commonwealth Bank of Australia