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RBA Guidance for Australian Clearing and Settlement Facility Resolution Regime

The Reserve Bank of Australia (RBA) has published final guidance on its Clearing and Settlement (CS) Facility Resolution Regime. This guidance, developed after a consultation period, outlines the RBA's approach to using its resolution powers over CS facilities to ensure financial system stability.

Reserve Bank of Australia Monetary Policy Board Appointment

The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to its Monetary Policy Board. This notice also acknowledges the contributions of Alison Watkins, whose term concludes on February 28, 2026.

Reserve Bank of Australia Increases Cash Rate to 3.85%

The Reserve Bank of Australia's Monetary Policy Board has increased the cash rate target by 25 basis points to 3.85%. This decision was made due to rising inflation and capacity pressures, with inflation expected to remain above target for some time.

ACCC Monitoring of Fuel Prices

The Australian Competition and Consumer Commission (ACCC) has launched a new weekly fuel price monitoring update, highlighting significant and rapid price variations in petrol and diesel across Australian capital cities. The ACCC is seeking explanations from major fuel retailers regarding these price movements.

ACCC: Hyatt changes card surcharges after investigation

The Australian Competition and Consumer Commission (ACCC) announced that Hyatt hotels in Australia have changed their card payment surcharging practices following an ACCC investigation. Hyatt Regency Sydney was found to be charging debit card surcharges above its costs, in breach of the Competition and Consumer Act. All Hyatt hotels in Australia have now implemented changes to ensure compliance.

ACCC to Scrutinise Fuel Pricing Amid Middle East Crisis

The Australian Competition and Consumer Commission (ACCC) will increase scrutiny of fuel pricing and distribution amid the Middle East crisis. The ACCC will hold urgent meetings with fuel market participants and commence weekly market updates to enhance transparency and address consumer concerns about price spikes and regional supply issues.

ACCC Monitors Petrol Prices Amid Middle East Conflict

The Australian Competition and Consumer Commission (ACCC) is monitoring petrol prices in response to the Middle East conflict and its impact on international crude oil costs. The ACCC has reminded fuel companies of their obligations under the Australian Consumer Law regarding price increase representations and stated it will take action against anti-competitive behaviour.

Australian Airports Increase Infrastructure Investment, Potential Airfare Hikes

Australia's four major airports increased infrastructure investment by 43.6% in 2024-25, investing $1.5 billion. However, the ACCC warns that higher airport charges to airlines may lead to increased airfares for passengers.

ASIC Disqualifies Director for Five Years Over 20 Company Failures

The Australian Securities and Investments Commission (ASIC) has disqualified Vincenzo Frank Tesoriero from managing corporations for five years due to his involvement in the failure of 20 companies. The disqualification stems from findings of improper conduct, including facilitating fraudulent transactions and mismanaging company funds.

ASIC Disqualifies Simon Raftery from Managing Corporations

The Australian Securities and Investments Commission (ASIC) has disqualified Simon Raftery from managing corporations for two and a half years due to his involvement in five failed companies. These companies owed approximately $43 million to creditors.