Interpretation
5 Interpretation
In this Act, unless the contrary intention appears:
ADI (authorised deposit‑taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority.
APRA member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
APRA staff member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
Australia includes the Territories.
Australian note means a note issued under any of the following Commonwealth laws as in force at any time:
the Australian Notes Act 1910;
Part VII of the Commonwealth Bank Act 1911;
Part VI of the Commonwealth Bank Act 1945;
Part V of this Act.
Bank’s PSB member has the meaning given by paragraph 25A(b).
cash distribution framework means:
the Cash Distribution Framework Act 2026; or
rules or any other instrument made under that Act; or
the Regulatory Powers (Standard Provisions) Act 2014 as it applies in relation to that Act.
Chair:
of the Governance Board—has the meaning given by paragraph 25NC(1)(a); or
of the Monetary Policy Board—has the meaning given by subsection 25AC(1); or
of the Payments System Board—has the meaning given by section 25C.
Deputy Chair:
of the Governance Board—has the meaning given by paragraph 25NC(1)(b); or
of the Monetary Policy Board—has the meaning given by subsection 25AC(2); or
of the Payments System Board—has the meaning given by subsection 25D(1).
Deputy Governor means the Deputy Governor of the Bank.
external Governance Board member has the meaning given by paragraph 25NA(d).
external Monetary Policy Board member has the meaning given by paragraph 25AA(d).
external Payments System Board member has the meaning given by paragraph 25A(d).
Governance Board means the Governance Board of the Reserve Bank.
Monetary Policy Board means the Monetary Policy Board of the Reserve Bank.
overarching objective has the meaning given by subsection 8AA(1).
Payments System Board means the Payments System Board of the Reserve Bank.
payments system policy means policy for the purposes of the Bank’s functions or powers under:
the Payment Systems (Regulation) Act 1998; and
the Payment Systems and Netting Act 1998; and
Parts 7.3 and 7.3B of the Corporations Act 2001; and
the cash distribution framework.
repealed Act means an Act repealed by this Act or by the Commonwealth Bank Act 1945.
Secretary means the Secretary of the Department.
senior RBS member has the meaning given by paragraph 25NA(c).
staff member of the Reserve Bank Service means:
a person appointed by the Bank under section 67; or
a person engaged by the Bank under section 68.
statutory office means the office of Governor or Deputy Governor.
the Bank or the Reserve Bank means the Reserve Bank of Australia.
the former Commonwealth Bank of Australia means the Commonwealth Bank of Australia established under the Commonwealth Bank Act 1911 and continued in existence under the Commonwealth Bank Act 1945.
the Governor means the Governor of the Bank.
Treasurer means the Minister administering this Act.
Unless the contrary intention appears, a reference in this Act to an Act includes a reference to regulations made under that Act.
This Act’s bill:Second reading speech
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