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Tuesday, 10 December 1974
Page: 3343

Senator Withers asked the Minister representing the Treasurer, upon notice:

(   1 ) Was a meeting of the Reserve Bank Board held on Wednesday, 2 October 1974.

(2)   In which city was the meeting held and was it a scheduled meeting.

(3)   From which city did each member of the Board have to come for the meeting.

(4)   Did the President of the Australian Council of Trade Unions travel from Perth; if so, (a) by what means did he travel (b) what was the cost of the travel, and (c) did the Reserve Bank Board meet the cost of the travel.

(5)   What responsibility does the Bank have to meet the travel costs of members of the Board from locations other than their home location for scheduled, as opposed to urgently convened, meetings of the Board.

Senator Wriedt - The Treasurer has provided the following answer to the honourable senator's question.

The Reserve Bank has advised as follows:

(   1 ) Yes.

(2)   Sydney. It was a scheduled meeting.

(3)   Subject to the answer to part (4), Board members resident outside Sydney travelled to the meeting from their home cities.

(4)   The arrangements for Mr R. J. L. Hawke 's travel to Sydney for the meeting were not made or paid for by the Reserve Bank. The Bank met the cost of Mr Hawke 's journey to his home after the meeting.

(3)   The Reserve Bank does not meet the travel costs of a Board member beyond the cost of the journey to and from his home.

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