the RBA statement states that Financial institutions need to be...

the RBA statement states that Financial institutions need to be ready by Oct 1 2008. In otherwords, if you are an service provider you need to be operating under the new regime by Oct 1 2008. To me that means BY Oct1 not FROM Oct 1.

Excerpt from RBA media release
"As to timing, the Board recognises that the proposed reforms represent a significant change to the ATM system in Australia, and that financial institutions need adequate time to change systems and communicate with their customers. The ABA has suggested a starting date for direct charging of the end of 2008, while others have suggested that the reforms could be implemented more quickly. On balance, the Board is of the view that 12 months should be enough time for the relevant framework to be in place and therefore expects that the new regime would commence no later than 1 October 2008. The Board is also asking the ABA and APCA to provide it with quarterly reports on progress in implementing the reforms. These progress reports will be made public."