Document ID: chunk:federal_register_of_legislation:F2021C01223:front:0:p49
Version: federal_register_of_legislation:F2021C01223
Segment Type: other
Provision Reference: 
Character Range: 147815–150896

to enable the Reserve Bank to carry out its legal functions subject to likely impacts on the demonstrated heritage values of the place.

6.2.2            Environment Protection and Biodiversity Conservation Act 1999 (Cwlth)
The Reserve Bank of Australia Head Office building is owned and controlled by the Commonwealth and is subject to the provisions of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) and the Environment Protection and Biodiversity Conservation Regulations 2000 (EPBC Regs).

The Reserve Bank of Australia Head Office is, as an Australian government agency, required to identify and protect Commonwealth heritage values of properties its ownership.  The RBA Head Office building is included on the Commonwealth Heritage List for demonstrating Commonwealth heritage values, and is obliged under S341ZC of the EPBC Act to '…minimise adverse impact on identified Commonwealth Heritage values of the place.  Changes to the RBA Head office building  must also take into consideration potential impacts on other Commonwealth Heritage places or National Heritage places.

6.2.3            Commonwealth Heritage Management Principles
Schedules 5B and 7B of the Environment Protection and Biodiversity Conservation Regulations 2000 (Cwlth) set out Commonwealth Heritage management principles. They encourage the identification of a place's heritage values and their conservation and presentation through the application of the best available skills and knowledge. They also encourage community (including Indigenous community) involvement and co-operation between the various levels of government.

Under Section 341Z of this legislation, the Reserve Bank of Australia is obliged to manage the heritage significance of the place consistent with Commonwealth Heritage management principles, to advise and seek approval from the Minister prior to any changes being made to the place, change of use or divestment of the property by the Reserve Bank of Australia.  This Heritage Management Plan has been prepared to address the management of the place by made under section 341S of the EPBC Act.

The Reserve Bank of Australia as owner of 65 Martin Place Sydney NSW 2000, 'the place', is also obliged under the EPBC Act to undertake the following:

          1. Assist the Minister and the Australian Heritage Council in the identification, assessment and monitoring of the place's Commonwealth heritage values (Section 341Z);
          2. Prepare a Heritage Strategy for managing the places it owns or controls to protect and conserve their Commonwealth heritage values, submit a copy to the Minister and periodically review the Strategy (Section 341ZA);
          3. Produce a register that sets out the Commonwealth Heritage values of the place and submit a written report to the Minister (Section 341ZB);
          4. Minimise adverse impact on identified Commonwealth Heritage values of the place (Section 341ZC); and
          5. Ensure the Commonwealth Heritage values of the place are protected in the event of the RBA Head office being