Original article by James Eyers
The Australian Financial Review – Page: 14 : 17-Dec-25

AusPayNet’s chairman John Brogden has advised that it has postponed plans to decomission the Bulk Electronic Clearing System by mid-2030. Financial payments are processed in batches overnight via BECS; however, it was to be phased out in favour of the New Payments Platform, which processes such transactions in real-time. AusPayNet’s decision follows discussions with banks, large companies and government departments, which expressed concern that the NPP may not be ready to handle bulk payments by the former deadline.

CORPORATES
AUSPAYNET