Today our CEO Simone Joyce and our CFOO Alice Tagney travelled to Canberra to give evidence at the House Standing Committee of Economics: Inquiry into Schemes, Digital Wallets and Innovation in the Payments Sector.

We urged the Commitee to consider how, Australia can set new benchmarks for competition, inclusion and cross-rail interoperability through the lens of recurring payments today and Agentic Commerce tomorrow. We also highlighted the systemic costs of disputes and chargebacks as an opportunitiy to reduce costs in our payment systems through risk reduction.

We proposed a modern shared infrastructure, building on the foundations of the PSRA reforms, all payment rails, bank and PSP capability, RBA oversight and AusPayNet’s self‑regulatory role. We did not a call for heavy handed regulation rather, we called for the Committee to encourage the industry in prioritising a future‑fit Payment Agreement Infrastructure that reduces today’s risks, supports competition, and prepares Australia for a rapidly arriving tomorrow.

Read the Statement here.