RBA Review Submissions

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This Treasury release contains a summary of public submissions to the Review into the Reserve Bank of Australia. Submissions came from individuals and organisations with varied perspectives on RBA policy and governance. Individual submitters proposed alternative policy tools: Robin Pope critiqued RBA exchange rate modelling and inflation efficacy; David Danks proposed using compulsory superannuation levels (floated between 10-25%) as an inflation control mechanism instead of interest rates; and Peter Harkness addressed inflation reduction and monetary authority structures. The Australian Council of Trade Unions submission, from Ben Moxham, called for an explicit full employment target alongside inflation targets, improved public modelling on wages and unemployment, establishment of a macro-economic coordination committee, and labour market expertise on the RBA board. The document is a summary table of diverse public input rather than internal Treasury analysis or policy recommendations.