Commonwealth Consolidated Acts

RESERVE BANK ACT 1959 - SECT 25AB

  (1)   External Monetary Policy Board members are to be appointed:

  (a)   by the Treasurer by written instrument; and

  (b)   on a part - time basis.

Note:   Subject to subsection   25AD(2), the person may be reappointed: see section   33AA of the Acts Interpretation Act 1901 .

  (2)   A person must not be appointed under subsection   (1) if the person is:

  (a)   a staff member of the Reserve Bank Service; or

  (b)   a person appointed or engaged under the Public Service Act 1999 ; or

  (c)   a director, officer or employee of an ADI.