Reserve Bank of Australia
(RBA)
Treasury
The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959.
Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong and stable financial system and efficient payments system, and issuing the nation's banknotes. The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.
The RBA operates Australia's high-value payments system and sets payments system policy. The RBA has two boards: the Reserve Bank Board and the Payments System Board.
ABN 50 008 559 486
Average staffing level 0
Sections
Further information
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Type of Body
B. Corporate Commonwealth Entity
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GFS Sector Classification
PFC
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Established By / Under
Act / Regulation
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Established By/Under More info
Reserve Bank Act 1959
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Annual Report Prepared and tabled?
Yes
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Classification
A. Principal
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Materiality
Material
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GFS Function / Sector Reported
General Public Services
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Auditor
ANAO
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Creation Date
14 January 1960
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Postal Address
GPO Box 3947, Sydney NSW 2001
Enquiry Lines
Title | Phone Number | Hours of Operation | Description |
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Reserve Bank of Australia | 1800 300 288 | General enquiries |
Government appointed boards
Other boards and structures
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