NPA operates under a charter reviewed and approved annually by the Reserve Bank Board. Workplace Department is responsible for management of the Reserve Bank's physical assets, the maintenance of its properties and building infrastructure, the delivery of workplace services, and the management and oversight of procurement activity, including strategic vendor management. The bank has the responsibility of providing services to the Both boards consist of members of both the bank, the From the middle of the 19th century into the 1890s, the prospects for the forming of a The proposition of a national bank in Australia began to be raised in the middle of the 19th century. NPA's Executive Committee, comprising its Chief Executive Officer and the heads of NPA's nine business areas, is responsible for the operational and administrative management of NPA. In addition, it organises a program of internal seminars, hosts a number of invited visitors each year and is responsible for administering a comprehensive library service for the Bank. These RBA subsidiaries were involved in bribing overseas officials so that Australia might win lucrative polymer note-printing contracts. The department analyses developments in domestic financial markets, including the cost and availability of finance through financial intermediaries and capital markets, and provides regular advice to the Governors and the Reserve Bank Board on these issues. The annual financial accounts of NPA are consolidated with those of the Reserve Bank. It is responsible for producing the Bank's semi-annual
International Department is responsible for the Reserve Bank's foreign exchange operations, the investment of international reserve holdings of gold and foreign exchange, and the provision of regular advice on developments in international financial markets to the Governors and the Reserve Bank Board. The bank's power through the Payment Systems Act 1998 allows it to regulate any payment system and can create binding rules for security and performance in the system. This interest accelerated significantly in the 1890s due to an austere The Australian Notes Board (ANB) was created in 1920 and partially acceded to the request of Miller, in having four directors, with the This was accomplished by refusing the exchange of notes for gold and it was hoped that this would lower domestic prices and raise the exchange rate for the Australian pound. The governor of the Commonwealth Bank of Reserve Bank of Australia was both an The governor is required by the Reserve Bank Act 1959 to keep in contact with the The longest-serving governor, if his service to both the Commonwealth Bank and the Reserve Bank of Australia are included, is A number of buildings associated with the Reserve Bank are heritage-listed including: In fulfilling these responsibilities, the department delivers and maintains the Bank's technology systems and infrastructure, provides ongoing system quality assurance, and maintains the Bank's information security, including its cyber-security defensive controls. The Reserve Bank Board's duty stated in the Act, within its outlined boundaries, is to ensure that the bank's monetary and banking policy is used to help the Australian population. Meetings of the board are held in the boardroom of the Reserve Bank's Head Office in Sydney or a similar facility in one of the Bank's State Offices when meetings are held interstate (a secure location is used in Australian cities where the Bank does not have its own premises). It consists of Economic Analysis Department and Economic Research Department. Reserve Bank of Australia Annual Report – 2019 Operational Structure The Reserve Bank is managed by the Governor, Philip Lowe, and the Deputy Governor, Guy Debelle. The matters were not reported to the It is currently governed by the Reserve Bank Act 1959, which was approved by Parliament. The department is also responsible for maintaining the Bank's relations with a number of major international institutions. Information Technology Department is responsible for developing and maintaining reliable, resilient and secure information technology to support the Reserve Bank's policy, operational and corporate functions. The Bank works with its wholly owned subsidiary, Note Printing Australia Limited (NPA), to design and produce banknotes. The Reserve Bank is managed by the Governor, Philip Lowe, and the Deputy Governor, Guy Debelle. Before the removal of the zero hour rule, the Members of the Payment Systems Board are defined by Section 25A of the Reserve Bank Act 1959, with three of the members being The current members of the Payments System Board are:The governor of the Reserve Bank of Australia is the most senior position in the Reserve Bank of Australia. Secretary's Department is responsible for the Reserve Bank's communication, including preparing and publishing Reserve Bank information, maintaining the Bank's websites and handling enquiries from the media and general public. This governance structure is set out in the Reserve Bank Act 1959. These members include the three In addition, the board is composed of six external members who are appointed by the Treasurer for a period of five years.