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Payments System Update

Summary:
Number 2018-20 Date 30 August 2018 Routine maintenance of the Reserve Bank of Australia's fire control systems caused an interruption of power to the Bank's main data centre. We can confirm that retail and corporate customers are able to make and receive payments, including payments made through the New Payments Platform. Domestic payments, including pensions, are also being processed.

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Routine maintenance of the Reserve Bank of Australia's fire control systems caused an interruption of power to the Bank's main data centre. We can confirm that retail and corporate customers are able to make and receive payments, including payments made through the New Payments Platform. Domestic payments, including pensions, are also being processed.

Reserve Bank Australia
The Reserve Bank of Australia (RBA) came into being on 14 January 1960 as Australia's central bank and banknote issuing authority, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. The bank has the responsibility of providing services to the Government of Australia in addition to also providing services to other central banks and official institutions. It currently consists of the Payments System Board, which governs the payments system policy of the bank, and the Reserve Bank Board, which governs all other monetary and banking policies of the bank.

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