Who really owns the Reserve Bank of Australia?

Question

well suprise suprise it isn't the government! its a private business making a profit frm your hard work! Want proof well watch this 10 minute video..... http://myparadigm.org/main/index.php?topic=258.0

its gonna make you mad and it should we've been ripped off for too long!

Answer 1

Probably a consortium made up of all the banks

Answer 2

According to the Reseve Bank of Australia's FAQ on their own web site:

1. What is the Reserve Bank of Australia and who owns it?

The Reserve Bank of Australia (RBA) is Australia's central bank. Its role is set out in the Reserve Bank Act 1959. The Bank's main responsibility is monetary policy. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is wholly owned by the Australian Government, but is not a government department. For more information see about the RBA.