Search: agency banking
RBA Glossary definition for agency banking
agency banking – Since 1 July 1999 all Australian Government departments and agencies have been responsible for their own individual banking arrangements. Under devolved banking arrangements, agencies are required to test the services previously provided by the Reserve Bank of Australia (RBA) against what is available from other financial institutions. However, the Australian Government's core account, the Official Public Account, remained with the RBA. A system sweeps balances of Australian Government departments and agencies from their transactional banker to the Official Public Account at the RBA each night.
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Reserve Bank of Australia Annual Report – 2015
16 Oct 2015
Annual Report
clients (mainly the Australian Government and its agencies and foreign central banks) and issuing banknotes. ... The Bank works closely with its government and agency clients to ensure that they can access services consistent with both their needs and
https://www.rba.gov.au/publications/annual-reports/rba/2015/
Banking and Payments
12 Sep 2014
RBA Annual Report
– 2014
These include services associated with the operation of the government's principal public accounts; transactional banking services to government agencies; custodial, registry and related services; and the operation of the ... Both are provided with the
https://www.rba.gov.au/publications/annual-reports/rba/2014/banking-payments.html
Risk Management
27 Oct 2022
RBA Annual Report
– October 2022
with modest holdings of securities issued by highly rated supranational institutions and government agencies. ... providing banking facilities for a number of government entities, including the Australian Taxation Office, Medicare and Centrelink.
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html
Banking and Payments
4 Sep 2008
RBA Annual Report
– 2008
A number of commercial banks also provide transactional banking services to government agencies. ... Ltd). The Reserve Bank's transactional banking services are used by around 90 government agencies.
https://www.rba.gov.au/publications/annual-reports/rba/2008/banking-payments.html
Financial System Surveillance
9 Mar 2023
RBA Annual Report
– 1988
In April 1988, legislation was enacted permitting the establishment of offshore banking units. ... It provides mechanisms for law enforcement agencies to trace, freeze and confiscate proceeds of crime.
https://www.rba.gov.au/publications/annual-reports/rba/1988/fin-sys-surveillance.html
Banking and Payments
20 Aug 2009
RBA Annual Report
– 2009
These include the provision of central banking services to the Australian Government for the core public accounts operated by the Department of Finance and Deregulation, transactional banking services to government agencies, ... It also provides
https://www.rba.gov.au/publications/annual-reports/rba/2009/banking-payments.html
Reserve Bank of Australia Annual Report – 2016
24 Oct 2016
Annual Report
markets and banking, issues Australia's banknotes and has policy, supervisory and operational roles in the payments system. ... services to clients (mainly the Australian Government and its agencies and foreign central banks).
https://www.rba.gov.au/publications/annual-reports/rba/2016/
Notes to and Forming Part of the Financials Statements
27 Oct 2022
RBA Annual Report
– October 2022
The useful life of payments systems and core banking software may be for a period of between 10 and 15 years, reflecting the period over which future economic benefits are expected ... 483). Other expenses. Banking service fees. (91). (78). Materials
https://www.rba.gov.au/publications/annual-reports/rba/2022/financial-statements/notes.html
3.1 Management of the Reserve Bank
19 Oct 2023
RBA Annual Report
– October 2023
Management of the Reserve Bank | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/management-of-the-reserve-bank.html
The Bank's Services and other Activities
9 Mar 2023
RBA Annual Report
– 1989
As is international practice, it provides some banking services in Australia for other central banks and multinational agencies. ... In nine country centres, note distribution facilities are provided under an agency arrangement.
https://www.rba.gov.au/publications/annual-reports/rba/1989/banks-services.html