About the RBA (2024)

FAQs

What does the RBA do? ›

The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.

The three objectives are: The stability of the currency of Australia. The maintenance of full employment in Australia. The economic prosperity and welfare of the people of Australia.

Vision: A coalition of companies driving sustainable value for workers, the environment and business throughout the global supply chain. Mission: Members, suppliers and stakeholders collaborate to improve working and environmental conditions and business performance through leading standards and practices.

The Reserve Bank's mission is to promote the economic welfare of the Australian people through our monetary and financial policies and operations. Our vision is to be a world-leading central bank that is trusted for our analysis, service delivery and policies.

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.

Risk-based authentication (RBA) helps prevent fraud by determining the risk level for each financial transaction and what level of customer authentication is required for each transaction.

The Responsible Business Alliance (RBA) Code of Conduct establishes standards to ensure that working conditions in supply chains are safe, and that business is conducted responsibly, ethically, and with respect for human rights and the environment.

About the RBA

The Responsible Business Alliance (RBA) is a nonprofit coalition of leading companies dedicated to improving social, environmental and ethical conditions in their global supply chains. The RBA has a Code of Conduct and a range of programs, training and assessment tools to support continual improvement.

We serve the public interest. We ensure that our efforts are directed to this objective, and not to serving our own interests or the interests of any other person or group. We are honest in our dealings with others within and outside the Bank. We are open and clear in our dealings with our colleagues.

Where is the headquarters of the RBA? ›

65 Martin Place, Sydney: Reserve Bank of Australia Building, Sydney.

Reserve Bank of Australia Strategic Plan

Price stability and full employment, The stability of the financial system, A secure, stable and efficient payments system, The delivery of efficient and effective banking services to the Australian Government, and.

managing the national payments system; administering the country's remaining exchange rate control systems; acting as the banker to government; and.

Risk-based authentication allows companies to reduce the costs of fraud and risk management, so they can allocate more resources to manual review.

Purpose of the Audit

The RBA Audit is designed to assess a company's compliance with the RBA Code of Conduct. The Code of Conduct encompasses various areas including environmental sustainability, labor rights, and ethical business practices.

We have a flexible inflation target, which aims to keep consumer price inflation between 2 and 3 per cent.