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

43   Paragraph 25L(1)(b)

Repeal the paragraph, substitute:

(b) the member's appointment is terminated automatically if:

(i) the member ceases to be a member of the Monetary Policy Board or Governance Board, or both, and as a result, is not a member of either of those Boards; or

(ii) the member ceases to be a staff member of the Reserve Bank Service.