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.

Further information

  • Type of Body

    B. Corporate Commonwealth Entity

  • GFS Sector Classification


  • Established By / Under

    Act / Regulation

  • Established By/Under More info

    Reserve Bank Act 1959

  • Annual Report Prepared and tabled?


  • Classification

    A. Principal

  • Materiality


  • GFS Function / Sector Reported


  • Auditor


  • Creation Date

    14 January 1960

  • Postal Address

    GPO Box 3947, Sydney NSW 2001

Enquiry Lines

Title Phone Number Hours of Operation Description
Reserve Bank of Australia 1800 300 288 General enquiries

Other boards and structures

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