Cheaper and faster cross-border payments The third broad issue is addressing the cost and speed of cross-border payments. The G20 countries have committed to making cross-border payments cheaper, faster, more transparent and more accessible. Australia needs to play its role here. The cost of international payments is too high.
Indeed, principles leave an open window to adapt judgments in case of changing circumstances and thus, need less frequent changes which would spread out confusion. But we have to be conscious that principles ought to lead to rules just like a constitution needs laws to be effective.