The Treasury-Reserve Bank ATM Taskforce Report: Would it Pass a Cost-Benefit Analysis?

Abstract

In December 2010 the Commonwealth Government announced that the Reserve Bank of Australia and the Treasury would establish a joint 'ATM Taskforce' to analyse reforms to Australia's ATM market in 2009 which aimed to improve the competition and efficiency of the market by removing interchange fees on ATM transactions, replacing them with direct charges, while at the same time improving the information given to consumers about the costs of transactions at 'foreign' ATMs.