Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 25E

Declaration by members

  (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).



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