House of Representatives Committees

Standing Committee on Economics, Finance and Public Administration

Review of the Reserve Bank of Australia annual report 1997-98

Terms of reference

The Standing Committee on Economics, Finance and Public Administration is empowered to inquire into and report on any matter referred to it by either the House or a Minister including any pre-legislation proposal, bill, motion, petition, vote or expenditure, other financial matter, report or paper.

Annual reports of government departments and authorities tabled in the House shall stand referred to the relevant committee for any inquiry the committee may wish to make. Reports shall stand referred to committees in accordance with a schedule tabled by the Speaker to record the areas of responsibility of each committee.

In addition, in August 1996 the Treasurer and the Governor of the Reserve Bank of Australia (RBA) agreed that the Governor appear before the Committee twice each year to report on the conduct of monetary policy. This was described by the Treasurer as a means of enhancing the RBA's transparency and accountability. At each of those public hearings the RBA will table its Semi-annual statement on monetary policy.

Submissions

  1. Reserve Bank of Australia (Interest rate implementation lags)

Schedule of public hearings

The next hearing with the RBA is scheduled to be held on 29 November 1999 in Sydney.

17 June 1999, Melbourne - The basis for the discussion at that hearing was the RBA's Semi-annual statement May 1999 (PDF format).

15 December 1998, Canberra - The basis for the discussion at this hearing was the RBA's Semi-annual statement November 1998 (PDF format).

Transcripts of public hearings

Media releases

Reports

Interim report Tabled 8 March 1999
(An outline of the report is available on this site and copies of the full report are available in PDF format (72KB) or from the Committee Secretariat.)

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