when was the reserve bank of australia established
Reserve Bank of Australia The Reserve Bank of Australia (RBA), on 14 January 1960, became the Australian central bank and banknote issuing authority, when the Reserve Bank Act 1959 (23 April 1959) removed the central banking functions from the Commonwealth Bank.[2]
Economic nationalism While the coining of the term "
Reserve Bank of Australia Both boards consist of members of both the bank, the Treasury, other Australian government agencies, and leaders of other institutions that are part of the economy.[4][5] The structure of the Reserve Bank Board has remained consistent ever since 1951, with the exception of the change in the number of members of the board.[2] The governor of the Reserve Bank of Australia is appointed by the Treasurer and chairs both the Payment Systems and Reserve Bank Boards and when there are disagreements between both boards, the governor resolves them.[4][6]
Government of Australia The Government of the Commonwealth of Australia (also referred to as the Australian Government, the Commonwealth Government, the Federal Government, and formally Her Majesty's Government) is the government of the Commonwealth of Australia, a federal parliamentary constitutional monarchy.