Treasury Laws Amendment (Reserve Bank Reforms) Act 2024 (Cth)

Treasury Laws Amendment (Reserve Bank Reforms) Act 2024

No. 96, 2024

An Act to amend the law in relation to the Reserve Bank of Australia, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Amendments Part 1—RBA's independence Reserve Bank Act 1959 Part 3—RBA's overarching objective and functions Reserve Bank Act 1959 Part 4—RBA's Boards and governance Reserve Bank Act 1959 Part 5—RBA's new Monetary Policy Board: procedural provisions Reserve Bank Act 1959 Part 6—RBA's new Governance Board: procedural provisions Reserve Bank Act 1959 Part 7—The Reserve Bank's financial system stability role Reserve Bank Act 1959 Part 8—Other amendments Reserve Bank Act 1959 Part 9—Application and transitional provisions

Treasury Laws Amendment (Reserve Bank Reforms) Act 2024 No. 96, 2024

An Act to amend the law in relation to the Reserve Bank of Australia, and for related purposes

[Assented to 29 November 2024]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Reserve Bank Reforms) Act 2024.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this Act The later of: 1 March 2025 (a) the first day of the next calendar month following the end of the period of 3 months starting on the day after this Act receives the Royal Assent; and (paragraph (a) applies) (b) 1 July 2024.