The Wonkery

The Senate Economics Committee has announced an Inquiry into the Reserve Bank Amendment (Enhanced Independence) Bill 2008, with submissions due by 2008-05-23.

This bill amends the Reserve Bank Act 1959 by removing the authority of the Treasurer to appoint, suspend and terminate the positions of Governor or Deputy-Governor of the Reserve Bank of Australia (RBA), and placing this authority in the hands of the Governor General.  The bill also outlines that, in the case of the termination of the positions of the Governor or the Deputy-Governor of the RBA, the Governor-General exercises this authority at the discretion of the Parliament.

• Important Dates:
  • Submissions Due: 2008-05-23
  • Referred to Committee: 2008-05-15
  • Committee Report Due: 2008-05-31
• Submissions and questions via:
  • Email: economics.sen@aph.gov.au
  • Snailmail: Committee Secretary, Senate Economics Committee, Department of the Senate, PO Box 6100, Parliament House, Canberra ACT 2600, Australia
  • Contacts: Peter Hallahan, Alex Wilson,
    Voice:+61-2-6277-3560, Fax:+61-2-6277-5794
• The Bill
• Terms of reference

Notes / See Also:

• Senate Submissions Idiot Guide
• Dave’s Idiot Guide (with examples)
• While this isn’t in my area of expertise, perhaps a few governance and economics types have an opinion.