That includes Apple Pay, and comes after the Financial Review reported on Tuesday that Apple is raking in $112 million a year from banks using Apple Pay, and follows RBA governor Philip Lowe’s call last year for the changes, which will allow the RBA to request information from Apple and potentially make directions on other issues, such as investing in local infrastructure. The government said it will update the Payment Systems (Regulation) Act to ensure the RBA can “regulate new and emerging payment systems, such as digital wallet providers”. Separately, the government has also responded to calls from the governor of the Reserve Bank for more power over digital platforms entering the payments space. ![]() “The Albanese government supports competition in the clearing and settlement of cash equities.” RBA to get power over Apple The additional powers “will set minimum, enforceable conditions to facilitate a competitive environment for clearing and settlement”, Mr Chalmers and assistant treasurer Stephen Jones said in a joint media release. The additional powers for both regulators was foreshadowed by The Australian Financial Review on November 28, and comes after the Coalition government failed to produce legislation after agreeing to stronger oversight of the ASX monopoly originally suggested by the Council of Financial Regulators in 2015. The Australian Competition and Consumer Commission will also get new powers to arbitrate disputes relating to ASX. It comes a week after ASIC chairman Joe Longo read ASX the riot act at a parliamentary committee, declaring its “hubris” during the fateful upgrade to CHESS had “significantly shaken” his confidence in the exchange’s ability to manage technology projects. This will allow ASIC to force ASX to make changes on issues relating to pricing, access, governance arrangements and interoperability of its systems, the Treasurer said. The ASX monopoly over clearing and settlement will be policed by regulators under tougher laws set to be introduced next year. The Australian Securities and Investments Commission will be given new rule-making powers to allow it “to quickly act to make rules to manage matters related to competition” if the action is approved by the government, it said. Odds are good the Target Monopoly will one day be a collectors item too.The Albanese government will respond to regulators’ demands for more powers to police the ASX after its disastrous CHESS replacement project, by introducing new laws to improve competition in clearing and settlement of the $2.5 trillion equity market, Treasurer Jim Chalmers said. That game can be found for sale on for $149.95, and on eBay priced between $19.99 and $44,99. Perhaps the best reason to buy one can be found in a search for the discontinued Sephora Monopoly game. Target, in its blog post about the game, predicts collectors, game lovers, and Target fans will rejoice at the news. It’s hard to know exactly who the target audience is for a Target Monopoly game. In that game, players bought and traded beauty products with the goal of owning a Sephora store. But, a wiki for Monopoly fans, lists a Monopoly: Sephora Edition released in 2006 that featured the beauty retailer. Target is touting the game as the first Monopoly tied to a retailer. Games and puzzles were best sellers at Target stores in 2020, with more than 5.5 million puzzles sold.Ī Target store in the East New York section of Brooklyn was the chain’s top seller of Monopoly games in 2020, selling more than 2,000 of them. Target Monopoly drops at a time when game sales are soaring, and when online shopping and curbside pickup are replacing traditional “Target runs”. The full game board of Monopoly: Target Edition Target
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