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Cheques are the least used form of non-cash payment in Australia, [3] but the most by value. Financial institutions are required to include BSB and bank account numbers on cheques, at the bottom of the cheque in MICR form, which identify the specific bank account number to be debited. BSB codes are also used on pre-printed deposit and other ...
Australian Payments Network Limited (AusPayNet), formerly the Australian Payments Clearing Association (APCA) [1] is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia.
The New Payments Platform (NPP), operated by New Payments Platform Australia Ltd (NPPA) [1] is an industry-wide payments platform for Australia. It became accessible to the general public on 13 February 2018 [ 2 ] with the introduction of PayID, an addressing capability, and Osko , [ 3 ] the first NPP overlay service, operated by BPAY .
Bank Services Billing (BSB) is an industry standard that governs the format of electronic bills send out by financial institutions to wholesale customers (e.g. corporations, governments, institutions). BSB is a statement to report on the corporate customers' usage of financial services and their related charges.
The Reserve Bank of Australia is the country's central bank, with responsibility for most payment systems and setting of monetary policy. Since 1996 the provision of credit to individuals for personal, household or domestic purposes has been regulated by the Uniform Consumer Credit Code , which has been implemented in all Australian states and ...
Cuscal Limited is an Australian company that provides payments and data to Australian Banks, credit unions, mutual savings banks, corporates and Fintechs. [2]Cuscal is regulated by the Australian Prudential Regulation Authority (APRA) as an Australian authorised deposit-taking institution (ADI), and by the Australian Securities & Investments Commission (ASIC).
Australia has a 6-digit Bank State Branch (BSB) code which precedes the account number. The first 2 or 3 digits indicate the financial institution and the other 3 or 4 digits are the branch codes assigned by the institution.
The Australian Business Number (ABN) is a unique 11-digit identifier issued by the Australian Business Register (ABR) which is operated by the Australian Taxation Office (ATO). The ABN was introduced on 1 July 2000 by John Howard 's Liberal government as part of a major tax reform, which included the introduction of a GST .