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  2. Reserve Bank of Australia - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_Australia

    The Reserve Bank is currently governed by the Reserve Bank Act 1959. [4] Section 10(2), commonly referred to as the Bank's charter, states that Bank's duty is "to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia" to be achieved by exercising its powers "to contribute to:

  3. List of banks in Australia - Wikipedia

    en.wikipedia.org/wiki/List_of_banks_in_Australia

    The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. [3]

  4. Commonwealth Bank - Wikipedia

    en.wikipedia.org/wiki/Commonwealth_Bank

    As a result, the government separated the two roles, creating the Reserve Bank of Australia to exercise the central bank function, and leaving the Commonwealth Banking Corporation to operate purely as a commercial bank. Those commercial functions were exercised by the organization's constituent sections: the Commonwealth Trading Bank of ...

  5. Banking in Australia - Wikipedia

    en.wikipedia.org/wiki/Banking_in_Australia

    Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...

  6. Financial system in Australia - Wikipedia

    en.wikipedia.org/wiki/Financial_system_in_Australia

    National Australia Bank; There are several smaller banks with a presence throughout the country, and a large number of other financial institutions, such as credit unions. Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). Since 2008 the Australian ...

  7. Australia's RBA to prioritise wholesale CBDC work over retail

    www.aol.com/news/australias-rba-prioritise...

    In a conference speech, Reserve Bank of Australia (RBA) Assistant Governor Brad Jones announced the launch of a three-year digital money work plan for the RBA and Treasury called Project Acacia.

  8. Australia’s first female central bank chief takes charge as ...

    www.aol.com/finance/australia-first-female...

    Australia’s new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising living costs engulfed the tenure of her predecessor.

  9. Shareholders Should Check The Ownership Structure Of Metals ...

    www.aol.com/news/shareholders-check-ownership...

    The big shareholder groups in Metals Australia Ltd (ASX:MLS) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders ...