We should be in a position to announce some conclusion on that in the near future, along with the other matters I’ve outlined today. Let me turn briefly to the third and fourth areas of current policy work. Issue number three is the regulatory framework for the eftpos system.
One of the very significant developments in recent times has been the establishment of ePAL as a national scheme for eftpos payments. The Reserve Bank has welcomed that development because we see it as strengthening competition among card payment schemes in the domestic market. As a consequence of the establishment of ePAL, the eftpos system now works largely as a multilateral network.