I haven't come across any info on who appoints the board and what sort of checks and balances will be in place, but you have to assume this is not being done to fix anything but to enable a more sophisticated form of grift.
Discussion
There is nothing specific in the report from my skimming: https://rbareview.gov.au/sites/rbareview.gov.au/files/2023-04/rbareview-report.pdf
Basically says “diversity” over and over, my god these people are absolute fukn commies.
Watch them put Sally McManus in to one of these seats. They’ve been running this angle for a while: https://www.actu.org.au/actu-media/media-releases/2022/actu-calls-for-rba-overhaul
Yeah - get Sally in there, along with Stan Grant and Catherine McGregor.