Statutory Appointments

The following officers of the Reserve Bank of Australia are appointed under statute:

Name Position Provision of Act Date of Appointment Present Term Ends
Philip Lowe Governor 24(1) of the Reserve Bank Act 1959 18 Sep 2016 17 Sep 2023
Michele Bullock Deputy Governor 24(1) of the Reserve Bank Act 1959 2 Apr 2022 1 Apr 2027

Reserve Bank Board

Name Position Provision of Act Date of Appointment Present Term Ends
Ex officio Appointments to the Reserve Bank Board
Philip Lowe Chair 14(1)(a) and 20(1) of the Reserve Bank Act 1959 18 Sep 2016 At the end of his term as Governor
Michele Bullock Deputy Chair 14(1)(b) and 20(1) of the Reserve Bank Act 1959 2 Apr 2022 1 Apr 2027
Steven Kennedy PSM Secretary to the Department of the Treasury 14(1)(c) of the Reserve Bank Act 1959 2 Sep 2019 At the end of his term as Secretary to the Department of the Treasury
Other Members of the Reserve Bank Board
Mark Barnaba AM Reserve Bank Board Member 14(1)(d) and 14(4) of the Reserve Bank Act 1959 31 Aug 2017 30 Aug 2023
Ian Harper AO Reserve Bank Board Member 14(1)(d) and 14(4) of the Reserve Bank Act 1959 31 Jul 2016 30 Jul 2026
Carolyn Hewson AO Reserve Bank Board Member 14(1)(d) and 14(4) of the Reserve Bank Act 1959 30 Mar 2021 29 Mar 2026
Iain Ross AO Reserve Bank Board Member 14(1)(d) and 14(4) of the Reserve Bank Act 1959 7 May 2023 6 May 2028
Carol Schwartz AO Reserve Bank Board Member 14(1)(d) and 14(4) of the Reserve Bank Act 1959 14 Feb 2017 13 Feb 2027
Alison Watkins AM Reserve Bank Board Member 14(1)(d) and 14(4) of the Reserve Bank Act 1959 17 Dec 2020 16 Dec 2025

Payments System Board

Name Position Provision of Act Date of Appointment Present Term Ends
Ex officio Appointments to the Payments System Board
Philip Lowe Chair 25A(a) and 25C of the Reserve Bank Act 1959 18 Sep 2016 At the end of his term as Governor
Michele Bullock Deputy Chair 25A(b), 25B(1) and 25D(1) of the Reserve Bank Act 1959 29 October 2016 Open ended
John Lonsdale Chair, Australian Prudential Regulation Authority 25A(c) and 25B(2) of the Reserve Bank Act 1959 1 Nov 2022 Open ended
Other Members of the Payments System Board
Gina Cass-Gottlieb Payments System Board Member 25A(d) and 25B(3) of the Reserve Bank Act 1959 1 Aug 2018 31 Jul 2023
Scott Farrell Payments System Board Member 25A(d) and 25B(3) of the Reserve Bank Act 1959 23 Mar 2022 22 Mar 2027
Deborah Ralston Payments System Board Member 25A(d) and 25B(3) of the Reserve Bank Act 1959 15 Dec 2016 14 Dec 2026
Greg Storey Payments System Board Member 25A(d) and 25B(3) of the Reserve Bank Act 1959 1 Aug 2018 31 Jul 2023