The Reserve Bank of Australia agreed to sell its 50 percent stake in Securency International Pty, the note-printing unit at the center of corruption allegations, as it seeks to draw a line under the biggest scandal of Governor Glenn Stevens’s term.
Australia’s Greens Party want a carbon price imposed quickly and won’t automatically back policy proposed by Prime Minister Julia Gillard , whose minority government relies on their support, lawmaker Adam Bandt said.
The Reserve Bank of Australia denied Governor Glenn Stevens misled parliament over what officials knew of alleged corruption at a note printing unit amid media reports his former deputy was informed of potential bribery.
The Reserve Bank of Australia said its executives acted with integrity in response to allegations of bribery at its note printing units amid a new report that a senior bank official was aware of corruption in 2007.
Australia’s three serving independents, likely to hold the balance of power in the national parliament, will meet tomorrow to decide which party to support and whether to back a tax on mining company profits.
Reserve Bank of Australia Governor Glenn Stevens said the central bank won’t disclose some documents relating to allegations of corruption at its note- printing units to avoid jeopardizing criminal prosecutions.
Reserve Bank of Australia Governor Glenn Stevens said the bank is compiling documents relating to allegations of bribery at its note-printing units and will make them public once it receives court approvals.
BHP Billiton Ltd. , Rio Tinto Group and Xstrata Plc have been called to give evidence to an Australian parliamentary committee investigating the government’s planned 30 percent tax on iron ore and coal profits.