Membership
Corporate structure
Owner members and clearing system members
Corporate structure
- See list of Owner Members.
- APCS, BECS, CECS, HVCS & ACDES management committees.
- See list of Advisory Councils.
- See list of Clearing System Members.
- APCS Printing Standards Sub-Committee; CECS Capacity Planning Sub-Committee; CECS Evaluation Review Sub-Committee; CECS Program Management Steering Committee; CECS Standard Sub-Committee; CECS Technical Message Formats Working Group; and CECS Technical Security Working Group.
Advisory Councils
APCA has four categories of members: owner, clearing system, advisory council and associate members.
Owner members
Owner members must be constitutional corporations within the meaning of the Payment Systems and Netting Act 1998 and must be either a participant in at least one of APCA’s clearing systems or an industry association representing participating members.
Clearing system members
Clearing system members are institutions that participate on a day-to-day operational basis in one or more of APCA’s clearing systems. Members are represented on the management committees of each of the clearing systems in which they participate. Members need not be owner members, but are encouraged to join in that capacity.
Separate membership exists for each clearing system, so that membership is divided into five classes based on APCA’s five clearing systems. Within each of these five classes there may be different categories of membership, with different rights and obligations, depending on whether a member clears and settles directly or indirectly. Each clearing system has rules in place setting out members’ rights and obligations, and detailing the operating procedures required in the system.
Advisory council members
Advisory councils comprise organisations (appointed by the board for a two year term) that participate in the business of payments but are not payments clearers and therefore are not entitled to join APCA as participating members. The number of members of each advisory council is limited and the appointment of members is subject to a formal process. Each year APCA identifies a range of organisations eligible for membership and invites them to nominate for the advisory council’s upcoming term.
Each management committee of a clearing system where an advisory council has been established is required to liaise with the advisory council for that system and must have regard to the opinions or decisions of the council in performing its duties.
Associate members
Associate members are individuals or organisations interested in payments system matters that wish to be kept informed of developments within APCA (and the Australian payments system more generally). An associate member may not be an owner member or a participating member. Associate membership must be renewed annually via payment of a nominal fee.
Owner members and clearing system members
