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

44   Subsection 25L(3)

Repeal the subsection, substitute:

(3) The Treasurer may terminate the appointment of an external Payments System Board member:

(a) for misbehaviour; or

(b) if the member is unable to perform the duties of the member's office because of physical or mental incapacity.