Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Reserve Bank Board shall consist of:
(a) the Governor;
(b) the Deputy Governor;
(c) the Secretary to the Department of the Treasury; and
(d) 6 other members, who shall be appointed in writing by the Treasurer in accordance with this section.
(2) Of the 6 members appointed under paragraph ( 1)(d), at least 5 shall be persons who are not officials.
(3) A member appointed under paragraph ( 1)(d) who is an official at the time of his or her appointment holds office during the pleasure of the Treasurer.
(4) A member appointed under paragraph ( 1)(d) who is not an official:
(a) is to be appointed for a period, not exceeding 5 years, specified in the instrument of appointment; and
(b) holds office subject to good behaviour.
(6) In this section:
"official" means:
(a) a staff member of the Reserve Bank Service; or
(b) a person appointed or engaged under the Public Service Act 1999 .