Functions of a central bank  Before discussing the topic of technological innovation, let me first provide you with an overview of central bank functions. The term "central bank" will probably remind you of banknote issuance. Textbooks on macroeconomics and banking and finance describe central banking operations such as the conduct of monetary policy and the "lender of last resort" function.
The project will not be looking at changes to the Reserve Bank Act itself, or the recently enacted Non-bank Deposit Takers Act 2013 5.