You are partly correct and partly incorrect.
Your government doesn't have a central bank. The central bank that devalues your savings and rewards their capitalist friends is independent of your government and not subject to it.
Federal reserve banks are private corporations.
No, The Reserve Bank of Australia is owned by the Australian Government. You’re taking what you know of the US Federal Reserve and applying it elsewhere.
There’s a separate discussion to be had about the legal structure of the Australian government as a corporation but your specific point is incorrect.
The leadership at the Fed is appointed by govt officials, & all the major institutions in the financial sector are govt subsidized in some form or fashion. Calling any of that privitized or capitalist is completely retarded.
