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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.

https://www.rba.gov.au/publications/fsr/2024/mar/resilience-of-the-australian-financial-system.html

Financial Stability Assessment

22 Mar 2024 FSR – March 2024

Financial Stability Assessment | Financial Stability Review – March 2024

https://www.rba.gov.au/publications/fsr/2024/mar/financial-stability-assessment.html

https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html

1.1 Our Role

19 Oct 2023 RBA Annual Report – October 2023

Our Role | Reserve Bank of Australia Annual Report – October 2023

https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html

RBA Glossary definition for agency banking

Reserve Bank of Australia Annual Report 2023

Reserve Bank of Australia Annual Report 2023

Reserve Bank of Australia Annual Report 2023

Financial Stability Review - March 2024

Resilience of the Australian Financial System

Financial Stability Assessment

Reserve Bank of Australia Annual Report 2023

Financial Stability Review

2.3 Banking and Payment Services

1.1 Our Role

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RBA Glossary definition for agency banking

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