Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 25NR

Quorum

  (1)   At a meeting of the Governance Board, a quorum is constituted by 7 members of the Board.

  (2)   However, if:

  (a)   one or more members of the Governance Board are prevented from being present during the deliberations, or taking part   in any decision, of the Board with respect to a matter at the meeting:

  (i)   in the case of the Governor, the Deputy Governor or the senior RBS member--by section   25NP; or

  (ii)   in any case--by rules made for the purposes of section   29 of the Public Governance, Performance and Accountability Act 2013 ; and

  (b)   as a result, there is no longer a quorum present when the member or members leave the meeting;

the remaining members of the Board at the meeting constitute a quorum for the purpose of any deliberation or decision at that meeting with respect to that matter.



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