House of Representatives Committees

Final Report

The Committee tabled its report Review of the Reserve Bank of Australia annual report 1996-97 on 22 June 1998. Copies of the full report are available in PDF format (80KB) and from the Committee Secretariat.

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Table of contents of report

FOREWORD

MEMBERS OF THE COMMITTEE

TERMS OF REFERENCE

ACRONYMS AND ABBREVIATIONS

CHAPTER ONE: INTRODUCTION: Background; Scope and conduct of the review

CHAPTER TWO: CONDUCT OF MONETARY POLICY AND SURVEILLANCE OF THE FINANCIAL SYSTEM Conduct of monetary policy Review of November 1997 expectations Prospects for 1998 Asia and the rest of the world Impact of the Asian crisis on Australia How Australia has coped? Labour costs

Surveillance of the financial system: Implementation of the Wallis reforms; Payments system; Bank supervision; "Year 2000 problem"

Commercial operations

Central bank cooperation

MINORITY REPORT FROM MR G WILTON MP AND MR M LATHAM MP

APPENDIX 1: LIST OF SUBMISSIONS

Reserve Bank of Australia (Small business lending) A copy of this submission was included in the RBA's Bulletin October 1997. (PDF format)
Reserve Bank of Australia (Aspects of small business finance). The updated text of the submission was included in the RBA's Semi-annual statement on monetary policy, May 1998, pages 34-36. (PDF format)
Reserve Bank of Australia (Executive earnings and their contribution to aggregate wages growth)
Reserve Bank of Australia
Reserve Bank of Australia

APPENDIX 2: LIST OF HEARINGS AND WITNESSES ( A copy of the public hearing transcript for the 7 May 1998 is available in PDF format or from the Committee Secretariat): Private Briefings

COMMITTEE'S REVIEWS OF ANNUAL REPORTS: 38th Parliament; 37th Parliament


LIST OF TABLES: Table 2.1: Reserve Bank of Australia: Monetary policy changes; Table 2.2: Small business indicator rates; Table 2.3: Number of executives; Table 2.4: Executive salaries contributions to aggregate wages growth

Media releases

The following media releases were issued during the course of the inquiry:

22 June 1998 Reserve Bank's performance closely scrutinised again
1 May 1998 Reserve Bank Governor to face Parliamentary Committee again
23 March 1998 Reserve Bank performance scrutinised again
31 October 1997 Reserve Bank Governor to face Parliamentary Committee
3 September 1997 New prudential regulator should be subject to annual review by Parliamentary Committee
1 September 1997 Improved accountability of the RBA

Speeches

Tabling speech: Mr D Hawker MP (Chairman) 22 June 1998
Tabling speech: Mr M Latham MP 22 June 1998

Interim report

The interim report canvassed issues covered at the public hearing on 6 November 1997. The report was tabled in the House of Representatives on 23 March 1998. An index to the report is available on this site. Copies of the report are available in PDF format or from the Committee Secretariat.