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The Reserve Bank Act 1959 as shown in this compilation comprises Act No. ������������������������ (9)�� Despite any rules made for the purposes of section 45 of that Act, the charter setting out the functions of the audit committee must be approved by the Reserve Bank Board. 37, 2002. protected document means a document given or produced (whether before or after the commencement of this section) under, or for the purposes of, this Act, the Banking Act 1959, the Payment Systems (Regulation) Act 1998, the Payment Systems and Netting Act 1998 or the repealed Banks (Shareholdings) Act 1972 and containing information relating to the affairs of: (b)  a body corporate (including a body corporate that has ceased to exist) that has at any time been, or is, related (within the meaning of the Corporations Act 2001) to a financial institution that is a body corporate; or. (6)        The old Loan Fund and the old Trust Fund are appropriated for the purposes of this item. 8  Delegations by ASIC to APRA staff members. (d)  6 other members, who shall be appointed in writing by the Treasurer in accordance with this section. APRA means the Australian Prudential Regulation Authority. (1)  The Payments System Board is to meet at times and places as determined by the Payments System Board or as directed by the Chair. APRA member has the same meaning as in the Australian Prudential Regulation Authority Act 1998. ������������������������ (2)�� In this section, month means any of the 12 months of the year. The Reserve Bank of Australia........................................................... 7B......... Disclosure of interests by members of the Reserve Bank Board in relation to certain matters��. 2(6) and 22���34: Royal Assent (e) s. 35: 5 Feb 1993 (see Gazette 1993, No. ���������������������������������������� (b)�� a person appointed or engaged under the Public Service Act 1999. S. 6...................................... S. 7...................................... am. Part II—Constitution, policy and management of the Reserve Bank, Division 1—Constitution of the Reserve Bank. S114) (p), Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 3, 26, 29–33, 35, 38 and 40: Royal Assent S. 23(1): 4 May 1989 S. 39: 23 Jan 1988 Remainder: 28 Dec 1989 (see Gazette 1989, No. 118, 1973; No. ������������������������ (2)�� For the purposes of subsection (1), an Australian note of a denomination specified in the first column of the following table has the value in the currency provided for by the Currency Act 1965 that is set out in the second column of that table opposite to the denomination of that note: ������������������������ (1)�� The Australian notes issued in pursuance of this Part shall bear the signature of the Secretary to the Department of the Treasury or of such other officer of the Department of the Treasury as the Treasurer directs, and the signature of the Governor or, if the Governor so directs, of the Deputy Governor, or a staff member of the Reserve Bank Service, specified by the Governor. (j) “Public Sector Bank” means the State Bank of India constituted under the State Bank of India Act, 1955 or any subsidiary bank as defined in clause (k) of Section 2 of the State Bank of India (Subsidiary Banks) Act, 1959 or any corresponding new bank as defined in clause (b) of Section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or Banking Companies (Acquisition … Division 2���Policy and management of the Reserve Bank. S. 33.................................... S. 34.................................... S. 35.................................... S. 36.................................... S. 37.................................... am. Note 2:������������ The Governor is an ex officio member of the Payments System Board (and so is not separately appointed to the Board). ������������������������������������ A member of the Payments System Board (other than the Governor) may resign his or her appointment by giving a written resignation to: ���������������������������������������� (a)�� if he or she is the member referred to in paragraph 25A(b)���the Governor; or, ���������������������������������������� (b)�� if he or she is the member referred to in paragraph 25A(c)���APRA; or. As indicated above, the Reserve Bank Act 1959 preserved the original corporate body, under the new name of the Reserve Bank of Australia, to carry on the central banking functions of the Commonwealth Bank, which had evolved over time; other legislation separated the commercial banking and savings banking activities into the newly created Commonwealth Banking Corporation. No. It also includes information disclosed or obtained in the course of, or for the purposes of, the performance or exercise of the functions or powers of the Reserve Bank under Part 7.3 of the Corporations Act 2001. ������������������������������������ The Governor or the Deputy Governor may resign his or her appointment by giving a written resignation to the Treasurer. (2)  Section 8 of the Acts Interpretation Act 1901 applies in relation to a notice published under this section as if the notice were an Act repealing this Act to the extent that, immediately before the date specified in the notice, this Act extended to the Territory specified in the notice. 160, 2000; No. The Bank is a statutory authority, established by an Act of Parliament, the Reserve Bank Act 1959, which gives it specific powers and obligations. (j)      The Reserve Bank Act 1959 was amended by Schedule 13 only of the Financial Laws Amendment Act 1997, subsection 2(1) of which provides as follows: (k)     The Reserve Bank Act 1959 was amended by Schedule 2 (items 1149–1159) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(2) of which provides as follows: (2)   Schedules 1, 2 and 4 commence on the same day as the Financial Management and Accountability Act 1997. 1) 2000, Schedule 7 and Schedule 12 (item 9): Royal Assent (q) Schedule 12 (items 1���3): 3 Apr 2000 (q), Financial Sector Legislation Amendment Act (No. 2  APRA’s corporate existence is continued. 166, 1986; No. (1)        The amendments made by items 2, 9, 10 and 16 apply only in respect of appointments made after the commencement of this Schedule. 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