The Reserve Bank’s oversight of the safety and resilience of the payment system will be extended to include payment systems where an outage could cause significant economic disruption and damage confidence in the financial system. The Payment System Board announced the change following its meeting yesterday, saying this would include the New Payments Platform, Visa, Mastercard and Eftpos. ANZ has launched an issue of capital notes, aiming to raise A$1 billion or more. ANZ Capital Notes 8 will pay a margin between 275 and 300 basis points over the three-month bank bill swap rate (currently around 3.4 per cent). The first call date is March 2030 and the mandatory conversion date is September 2032. The transaction includes a reinvestment offer for eligible Capital Notes 3 holders. Gerard Brody ends 10 years as chief executive of the Consumer Action Law Centre this week. In a podcast on the CALC website, Brody said the COVID lockdown was the biggest challenge he faced in that time. The new CEO is Stephanie Tonkin, who is moving from Mortgage Stress Victoria, where she was director of operations. She has also worked in senior roles at the Victorian Energy and Water Ombudsman, Justice Connect and the St Kilda Legal Service.