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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:
The Commonwealth Bank of Australia was established by legislation in 1911. The main functions of the bank were to undertake general banking and savings bank activities. In 1945 the bank's powers were formally widened to include exchange control and the administration of monetary and banking policy with the Commonwealth Bank Act and the Banking Act.
Michele Bullock (born 1962/1963) is an Australian economist who is currently governor of the Reserve Bank of Australia (RBA). She commenced as governor on 18 September 2023, and is the first woman to hold the role. [1]
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.
Governor of the Reserve Bank of Australia 1982–1989 Succeeded by. Bernie Fraser This page was last edited on 21 July 2023, at 04:00 (UTC). Text is available ...
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The Reserve Bank of Australia Building is a heritage-listed bank building at 20-22 London Circuit, City, Canberra, Australian Capital Territory, Australia. It was designed by Howlett and Bailey in 1962 and built from 1963 to 1965 by Civil & Civic. It was added to the Australian Commonwealth Heritage List on 22 June 2004. [1]