(1) Each member of the Payments System Board must, before first starting to act as a member of the Board:
(a) make an oath or affirmation of allegiance; and
(b) make a declaration of secrecy.
(2) The oath or affirmation of allegiance:
(a) is to be in accordance with the form set out in the Schedule to the Constitution; and
(b) is to be made before a Justice of the Peace or a Commissioner for taking Affidavits.
(3) The declaration of secrecy:
(a) is to be in the prescribed form; and
(b) is to be made before a Justice of the Peace or a Commissioner for taking Affidavits.
(4) However, this section does not apply to a member of the Payments System Board if the member is also a member of the Monetary Policy Board or the Governance Board and has already complied with section 25AJ or 25NJ (as applicable).