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.
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