Document ID: chunk:federal_register_of_legislation:C2024C00696:section:29
Version: federal_register_of_legislation:C2024C00696
Segment Type: section
Provision Reference: s 29
Character Range: 42218–42800

29  Reserve Fund
 (1) The Bank shall have a reserve fund (to be called the Reserve Bank Reserve Fund), which shall consist of:
 (a) the amount standing to the credit of the Commonwealth Bank Reserve Fund existing under the Commonwealth Bank Act 1945 immediately before the commencement of this Act; and
 (b) such other sums as are placed to its credit in pursuance of section 30.
 (2) The Reserve Bank Board may, from time to time, transfer from the Reserve Bank Reserve Fund to the capital of the Bank for the purposes of this Part such sums as the Reserve Bank Board determines.