Treasury Laws Amendment (Reserve Bank Reforms) Act 2024 (96 of 2024)

Schedule 1   Amendments

Part 4   RBA's Boards and governance

Reserve Bank Act 1959

35   After section 25D

Insert:

25DA Acting appointments of external Board members

The Treasurer may, by written instrument, appoint a person to act as an external Payments System Board member:

(a) during a vacancy in the office of an external Payments System Board member; or

(b) during any period, or during all periods, when an external Payments System Board member:

(i) is absent from duty; or

(ii) is, for any reason, unable to perform the duties of the office.

Note: For rules that apply to acting appointments, see sections 33AB and 33A of the Acts Interpretation Act 1901.