Privacy Commissioner Statement on Bunnings Facial Recognition Decision

The Australian Privacy Commissioner has issued a statement regarding the Administrative Review Tribunal's decision on Bunnings' use of facial recognition technology. The statement clarifies that while the Tribunal allowed Bunnings to use the technology for specific crime prevention purposes, significant privacy safeguards and notification requirements remain crucial.

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.

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.

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.

Payments System Board Discusses Cash Distribution and Regulatory Framework

The Reserve Bank of Australia's Payments System Board met in March 2026 to discuss cash distribution, merchant card costs, payments system resilience, and account-to-account payments. The Board is considering a new regulatory framework for cash distribution services and potential amendments to card payment regulations, with a conclusions paper expected by end-March.

RBA Update on BECS Decommissioning Recommendations

The Reserve Bank of Australia (RBA) has released an update on industry progress regarding the decommissioning of the Bulk Electronic Clearing System (BECS). While acknowledging industry efforts, the RBA notes that risks persist due to a lack of consensus on the future of account-to-account payments.

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.

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.

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: 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.