Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 28

Capital

    The capital of the Bank for the purposes of this Part shall be the aggregate of:

  (a)   the capital of the former Commonwealth Bank of Australia for the purposes of Part   V of the Commonwealth Bank Act 1945 immediately before the commencement of this Act; and

  (b)   such other sums as are transferred from the Reserve Bank Reserve Fund in pursuance of section   29.



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