Blah Blah Blah RBA does not CURRENTLY have the power
New powers needed
The Reserve Bank does not currently have the power to make buy now, pay later providers remove the clauses preventing their costs from being passed on. This is because the RBA only has jurisdiction to act over payment “systems”.Courts have construed the definition of a payments “system” very narrowly so buy now, pay later providers would not be likely to be considered a payment system, and therefore could not be forced by the RBA to respond.The RBA acknowledged in its report that “given the complexity of the regulatory issues, the bank will continue to engage with Treasury” as part of its separate review of the Australian payments system.
Blah Blah Blah RBA does not CURRENTLY have the powerNew powers...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.30 |
Change
-0.100(4.17%) |
Mkt cap ! $2.985B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.43 | $2.30 | $30.40M | 12.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 296874 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 4000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |