Resolutions without meetings
22B Resolutions without meetings
A resolution is taken to have been passed at a meeting of the Reserve Bank Board if:
the Reserve Bank Board has determined:
that resolutions may be passed in accordance with this section; and
the method of indicating agreement with a resolution passed in accordance with this section; and
without meeting, a majority of the members indicate agreement with the resolution in accordance with the method determined by the Reserve Bank Board; and
the majority would have constituted a quorum at a meeting of the Reserve Bank Board; and
all members were informed of the proposed resolution, or reasonable efforts were made to inform all members of the proposed resolution.
This Act’s bill:Second reading speech
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