Reserve Bank to publish redacted submissions
The Reserve Bank is to routinely publish submissions it receives in policy or industry consultations rather than condensing them into a summary.
Hot Topic
EARNINGS
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The Reserve Bank is to routinely publish submissions it receives in policy or industry consultations rather than condensing them into a summary.
However, the submissions will only be made public with the consent of the organisation or individual whose views are represented and who will be able to redact any information they do not wish to be released into the public domain.
In its policy document, the central bank said this will ensure "genuine commercially sensitive and prudential information" can be withheld.
In a statement, the Reserve Bank said the new policy would be implemented immediately and the change would "enhance the transparency of the policy-making process."
The Reserve Bank considered four options: the status quo of summarising the submissions received, the status quo with a periodical external review, publishing submissions where consent is granted and the submitter redacts the information or publishing submissions where consent is granted and the Reserve Bank makes redactions.
(BusinessDesk)
Click the hamburger symbol top right of our homepage to access the Rich List 2016 and other sections.
Edwin Mitson
Fri, 23 Sep 2016
Fri, 23 Sep 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Reserve Bank to publish redacted submissions
61831