Reserve Bank Act 1959
E69901
The Reserve Bank Act 1959 is an Australian federal law that created the Reserve Bank of Australia and defines its powers, functions, and responsibilities as the nation’s central bank.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of Australia
→
Australian federal statute → |
| administeredBy |
Treasury (Australia)
→
|
| appliesTo |
Reserve Bank of Australia
→
|
| assignsFunctionTo |
Reserve Bank of Australia
→
|
| commencementDate |
1960
→
|
| containsProvisionOn |
accounts and audit of the Reserve Bank of Australia
→
annual report of the Reserve Bank of Australia → capital and reserves of the Reserve Bank of Australia → custody and destruction of banknotes → directions by the Treasurer to the Reserve Bank → issue and reissue of Australian banknotes → monetary and banking policy of the Reserve Bank of Australia → relationship between the Reserve Bank and the Australian Government → |
| country |
Australia
→
|
| created |
Reserve Bank of Australia
→
|
| definesRoleOf |
Reserve Bank of Australia
→
|
| enactedBy |
Parliament of Australia
→
|
| established |
Reserve Bank of Australia
→
|
| governs |
functions of the Reserve Bank of Australia
→
powers of the Reserve Bank of Australia → responsibilities of the Reserve Bank of Australia → |
| jurisdiction |
Commonwealth of Australia
→
|
| languageOfWork |
English
→
|
| legalStatus |
in force
→
|
| legislature |
Australian Parliament
→
|
| longTitle |
An Act relating to the Reserve Bank of Australia
→
|
| providesFor |
appointment of the Deputy Governor of the Reserve Bank of Australia
→
appointment of the Governor of the Reserve Bank of Australia → establishment of the Reserve Bank Board → |
| purpose |
to contribute to the economic prosperity and welfare of the people of Australia
→
to contribute to the maintenance of full employment in Australia → to contribute to the stability of the currency of Australia → to define the powers and functions of the Reserve Bank of Australia → to establish the Reserve Bank of Australia as Australia’s central bank → to regulate the issue of Australian currency → |
| region |
Commonwealth of Australia
→
|
| regulates |
composition of the Reserve Bank Board
→
functions of the Reserve Bank Board → meetings of the Reserve Bank Board → |
| royalAssentDate |
1959
→
|
| shortTitle |
Reserve Bank Act 1959
→
|
| subjectMatter |
central banking
→
currency issuance → financial system stability → governance of Reserve Bank of Australia → monetary policy framework → |
| typeOfLaw |
central bank law
→
financial regulation law → |
Referenced by (7)
| Subject (surface form when different) | Predicate |
|---|---|
|
Payments System Board
→
Reserve Bank of Australia → |
establishedBy |
|
Australian pound
→
Payments System Board → |
legalBasis |
|
Australia’s foreign exchange reserves
→
|
governedBy |
|
Reserve Bank Act 1959
→
|
shortTitle |
|
Commonwealth Bank of Australia (central banking functions)
→
|
supersededBy |