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.
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