Government confirms RBA board appointment

The Morrison government has reappointed Carol Schwartz AO – the founding chair of the Women’s Leadership Institute Australia – as a member of the Reserve Bank of Australia (RBA) board.

Ms Schwartz has been a member of the RBA board since 2017, having originally joined as a part-time member.

She has now been reappointed for a further five‑year period.

Announcing the appointment, Treasurer Josh Frydenberg said that Ms Schwartz had “made a valuable contribution to the board’s decision‑making” over her first term, adding: “The reappointment of Ms Schwartz maintains the high calibre of experience and expertise on the RBA Board as our economy recovers from the COVID‑19 pandemic.”

The RBA board member has extensive experience in business, property, the arts, and community organisations and was a non-executive director of Stockland for nine years (2010-19) and continues to serve as a non-executive director of Qualitas Property Partners.

Ms Schwartz was recognised for her leadership and service to the community via a range of honours including her 2019 appointment as an Officer of the Order of Australia, an honorary doctorate from Monash University as well as being recognised with the “Leading Philanthropist” Award by Philanthropy Australia.

[Related: RBA governor stays firm on rate freeze in 2022]