Reserve Bank Amendment (Enhanced Independence) Bill 2008

Reserve Bank Amendment (Enhanced Independence) Bill 2008

11 June 2008

© Commonwealth of Australia 2008
ISBN 978-0-642-71929-4

View the report as a single document - (PDF 302KB)


View the report as separate downloadable parts:

Membership of Committee (PDF 18KB)
 
Chapter 1 - Introduction (PDF 16KB)

Background
Conduct of the inquiry
Structure of the report

 
Chapter 2 - Central bank independence (PDF 131KB)

Background
Empirical studies of the impact of central bank independence
Overseas practice in appointment and dismissal of governors
The reality and perception of central bank independence
Cross-party support for central bank independence

 
Chapter 3 - Provisions of the bill (PDF 76KB)

Appointment procedures
Dismissal provisions
Comparison with dismissal provisions for other officeholders
The 'good behaviour' provisions
The 'override' provisions
Is the bill necessary given the current independence of the Reserve Bank?
Does the bill go far enough?
Increasing accountability of the Reserve Bank

 
Conclusions and recommendations (PDF 23KB)
 
Coalition Senators’ Dissenting Report (PDF 80KB)

  Introduction
     Misbehaviour
  Submissions and Testimony
     The Treasury
     Saul Eslake
     Stephen Bell
     Steve Keen
     Sinclair Davidson
  Discussion
  Conclusion
Attachment A
  Appointment and Termination of Selected Statutory Office Holders

 
Additional Remarks: Senator Andrew Murray (PDF 22KB)
 
Appendix 1 - Submissions Received (PDF 10KB)
 
Appendix 2 - Public Hearing and Witnesses (PDF 10KB)

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Email: economics.sen@aph.gov.au