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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.
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 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]
Martin Place is a pedestrian mall in the Sydney central business district, New South Wales, Australia.Martin Place has been described as the "civic heart" of Sydney. [1] As home to the Reserve Bank of Australia, the Commonwealth Bank, Macquarie Bank, Westpac and other corporations, it is also a centre of business and finance.
Bullock, the first woman in the role, was appointed governor of the Reserve Bank of Australia (RBA) in July, taking over from Philip Lowe, who stepped down after completing a seven-year term that ...
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]
Macquarie Street is the location of the main governmental institutions of New South Wales: ... and the headquarters of the Reserve Bank of Australia. ...
Parliament House, Government House, and the Law Courts Building (which houses the Supreme Court of New South Wales) are all located along the street. Federal Government institutions located along this street include the Federal Court of Australia and High Court of Australia, and the headquarters of the Reserve Bank of Australia.