The charter of the RBA gives the institution specific recommendations about what goals it should pursue; and the Act tells the RBA how to pursue whatever goals it might choose.

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia (RBA) has its goals specifically outlined in its charter within the Reserve Bank Act of 1959, which mandates its primary functions and objectives, rather than leaving the goals up to the institution's choice.

The Charter of the RBA Gives the Institution Specific Recommendations