The RBA's major role is to ensure that none of the arrangements made in the payments system contravene the Trade Practices Act 1974, unless they are judged to be in the best interest of the public.

Question

Quizplus · Accepted Answer

The RBA's major role is to conduct monetary policy, maintain financial system stability, and promote the safety and efficiency of the payments system, not specifically to enforce the Trade Practices Act 1974.

The RBA's Major Role Is to Ensure That None of the Arrangements