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Commonwealth legislation
This regulation prescribes the exact secrecy-declaration form that members of the Reserve Bank’s Monetary Policy Board, Payments System Board and Governance Board must use, and it lists the domestic and international bodies to which the Bank may disclose protected information. It operates under the Reserve Bank Act 1959. It affects board members (who must sign the prescribed form) and the listed recipient bodies (which may receive protected Bank information), and matters because it fixes procedural requirements for secrecy and the universe of authorised information recipients.
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Direct links to the current provisions in Reserve Bank Regulation 2016.
This is the Reserve Bank Regulation 2016.
This instrument is made under the Reserve Bank Act 1959.
In this instrument:
Act means the Reserve Bank Act 1959.
For the purposes of paragraphs 25AJ(3)(a), 25E(3)(a) and 25NJ(3)(a) of the Act, the prescribed form for a declaration of secrecy by a member of the Monetary Policy Board, Payments System Board or Governance Board is the form in Schedule 1 to this instrument.
For the purposes of paragraph 79A(4)(c) of the Act, the following bodies are prescribed: (a) the Department; (b) the Australian Bureau of Statistics; (c) the Australian Competition and Consumer Commission; (d) the Bank for International Settlements; (e) the following bodies operating under the Bank for International Settlements: (i) the Basel Committee on Banking Supervision; (ii) the Committee on the Global Financial System; (iii) the Committee on Payments and Market Infrastructures; (iv) the Markets Committee; (f) any body, however described, operating under a body mentioned in subparagraph (e)(i), (ii), (iii) or (iv); (g) the Financial Stability Board and any body, however described, operating under the Board’s Charter; (h) the International Monetary Fund; (i) The Treasury (New Zealand).
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This is the Reserve Bank Regulation 2016.
This instrument is made under the Reserve Bank Act 1959.
In this instrument:
Act means the Reserve Bank Act 1959.
For the purposes of paragraphs 25AJ(3)(a), 25E(3)(a) and 25NJ(3)(a) of the Act, the prescribed form for a declaration of secrecy by a member of the Monetary Policy Board, Payments System Board or Governance Board is the form in Schedule 1 to this instrument.
For the purposes of paragraph 79A(4)(c) of the Act, the following bodies are prescribed: (a) the Department; (b) the Australian Bureau of Statistics; (c) the Australian Competition and Consumer Commission; (d) the Bank for International Settlements; (e) the following bodies operating under the Bank for International Settlements: (i) the Basel Committee on Banking Supervision; (ii) the Committee on the Global Financial System; (iii) the Committee on Payments and Market Infrastructures; (iv) the Markets Committee; (f) any body, however described, operating under a body mentioned in subparagraph (e)(i), (ii), (iii) or (iv); (g) the Financial Stability Board and any body, however described, operating under the Board’s Charter; (h) the International Monetary Fund; (i) The Treasury (New Zealand).