We operate a central part of Australia's 24/7 real-time payments system. I hope that you all have a PayID, so that you can take best advantage of this system. If you don't have one, I encourage you to go get one. PayIDs are not only convenient to use, but they can also reduce the incidence of some types of payment scams.
The RBA is also the regulator of critical parts of the payments system and financial infrastructure. We have a broad responsibility for financial stability and are the lender of last resort in a liquidity crisis. And we are a large financial institution in our own right, with a balance sheet of $ billion. These are all important functions that we perform for the nation.