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Reserve Bank Act 1959

No. 4, 1959

Compilation No. 31

Compilation date: 24 September 2024

                Includes amendments: Act No. 87, 2024

About this compilation

This compilation

This is a compilation of the Reserve Bank Act 1959 that shows the text of the law as amended and in force on 24 September 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part I—Preliminary
1 Short title
2 Commencement
4 Repeal and saving
5 Interpretation
6 Application to Territories
6A Cessation of application to Territory
6B Application of Criminal Code
Part II—Constitution, policy and management of the Reserve Bank
Division 1—Constitution of the Reserve Bank
7 The Reserve Bank of Australia
7A Application of the Public Governance, Performance and Accountability Act 2013
7B Disclosure of interests by members of the Reserve Bank Board in relation to certain matters
7C Other disclosures of material personal interests by members of the Reserve Bank Board and the Payments System Board
8 General powers
Division 2—Policy and management of the Reserve Bank
8A The Boards of the Bank
9 Establishment of Reserve Bank Board
10 Functions of Reserve Bank Board
10A Establishment of Payments System Board
10B Functions of Payments System Board
10C Resolving differences between the Boards
11 Differences of opinion with Government on questions of policy
12 Management of the Bank
13 Governor and Secretary to Treasury to establish liaison
Part III—The