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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:
A requirement of the Reserve Bank Act 1959 was that the head office of the bank must not be in the same building as the head office of the Commonwealth Bank of Australia (CBA) or any other bank. In line with this requirement, separate buildings were constructed in Darwin and Canberra.
Corporate Commonwealth Entities Portfolio Companies Agriculture, Fisheries and Forestry: Attorney-General's Climate Change, Energy, the Environment and Water Defence Education Employment and Workplace Relations Finance Reserve Bank of Australia: Foreign Affairs and Trade Health and Aged Care Industry, Science and Resources
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.
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]
Philip Lowe (born 4 October 1961) is an Australian economist and former Governor of the Reserve Bank of Australia, from September 2016 to September 2023. He was also deputy governor under Glenn Stevens from February 2012 to September 2016.
In a speech on tokenisation, Reserve Bank of Australia (RBA) Assistant Governor Brad Jones said a key priority for the bank was assessing how different forms of digital money and infrastructure ...
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.