12
CurrentThe Governor and Deputy Governor
Part IIConstitution, policy and management of the Reserve Bank
Division 4The role of the Governor and Deputy Governor
12 The Governor and Deputy Governor
(1)
There shall be a Governor of the Bank and a Deputy Governor of the Bank, who shall be appointed and hold office as provided by Part III.
(2)
The Governor is responsible for the day‑to‑day management of the Bank. The Governor must fulfil the responsibility consistently with Division 3 (about the Bank’s Boards).
(3)
The Deputy Governor shall perform such duties as the Governor directs and, in the event of a vacancy in the office of Governor, the Deputy Governor shall perform the duties of the Governor and shall have and may exercise the powers and functions of the Governor.
This Act’s bill:Second reading speech
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