Commonwealth Consolidated Acts

RESERVE BANK ACT 1959 - SECT 25D

  (1)   The member of the Payments System Board referred to in paragraph   25A(b) is the Deputy Chair of the Board.

  (2)   The Deputy Chair is to act as the Chair during any period when:

  (a)   the office of Governor is vacant; or

  (b)   the Governor is absent from Australia or is, for any reason, unable to perform the duties of Chair of the Payments System Board.

  (3)   The Deputy Chair has, when acting as the Chair, all the powers, duties, rights and entitlements of the Chair of the Payments System Board.