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CurrentReserve Bank to act as a central bank
Part IVCentral banking
26 Reserve Bank to act as a central bank
The Reserve Bank:
(a)
is the central bank of Australia;
(b)
shall carry on business as a central bank; and
(c)
subject to this Act and to the Banking Act 1959 shall not carry on business otherwise than as a central bank.
This Act’s bill:Second reading speech
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