Will the Royal Commission ask the Governor of the Reserve Bank what the Reserve Bank has done, and when it did it, to ensure that Credit Card Issuers do not issue further Credit Cards to applicants that are experiencing Extreme Financial And Emotional Distress due to already having been issued several Credit Cards?

See Supporting Documented Evidence re 27th Question in particular:

1.        The Reserve Bank's carries responsibility to the economic prosperity and welfare of the people of Australia, as decreed under Reserve Bank Act (1959), Part II, Section 10, and its ''extensive powers' under The Payment Systems (Regulation) Act 1998 to gather information from a payment system or from individual participants", in particular under Section 10(2) 'Functions of Reserve Bank Board' of Reserve Bank Act 1959 to "best contribute to.......... the economic prosperity and welfare of the people of Australia" and for the Payments Systems Board to always Act in the Public Interest.

2.        Below are extracts from Reserve Bank of Australia Bulletin  -  July 1998 - Australia’s New Financial Regulatory Framework that chronicles the Reserve Bank's powers, set out in the Payment Systems (Regulation) Act 1998, that allow the Reserve Bank to undertake more direct regulation of ‘designated’ payments systems to –

"... promote competition in the market for payments services, consistent with the overall stability of the financial system..." when it judges it to be "in the public interest" which may involve the imposition of access rules or operating standards for participants in such systems:

"The new Payments System Board is responsible for the Bank’s payments system policy, the objectives of which are:

•     controlling risk in the financial system arising from the operation of the payments system;

•     promoting the efficiency of payments systems; and

•     promoting competition in the market for payments services, consistent with the overall stability of the financial system.

The Bank’s powers in this area, set out in the Payment Systems (Regulation) Act 1998, allow it to undertake more direct regulation of ‘designated’ payments systems when it judges it to be in the public interest. This may involve the imposition of access rules or operating standards for participants in such systems. The Act also provides a framework for regulation of purchased payment facilities, such as travellers cheques and stored-value cards."