Friday, December 02, 2005
Gerard resigns from the RBA Board
Robert Gerard has gone from the Board of the Reserve Bank of Australia. Howard and Costello have been dismissive each day at Question Time in the House of Representatives. But the proof of the pudding is in the eating and to-day we have the result. Gerard has had to acknowledge - and therefore resign - that his position is untenable. Particularly when it became clear that his settlement with the Australian Tax Office (ATO) did not occur until well after he joined the Board. The ALP has a rare scalp. Let's hope it encourages them to add a few more.