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AAP
AAP
Politics
Poppy Johnston

Reserve Bank board shake up outlined in new laws

RBA Reserve Bank Jim Chalmers
Treasurer Jim Chalmers says the RBA reforms are the biggest undertaken in more than three decades. (Dan Himbrechts/AAP PHOTOS)

The next phase of a major shake up to the Reserve Bank of Australia has kicked off with Treasurer Jim Chalmers introducing changes to parliament.

A dual-board set up is one of the major reform items, with the plan to have one for making interest rate decisions and second for overseeing the institution's operations.

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