25AD
CurrentPeriod of appointment of external Board members
Part IIIAAThe Monetary Policy Board
Division 1Board members
25AD Period of appointment of external Board members
(1)
An external Monetary Policy Board member holds office for the period specified in the instrument of appointment. The period must not exceed 5 years.
(2)
A person must not be appointed under subsection 25AB(1) for a period if the sum of the following exceeds 7 years:
(a)
that period;
(b)
any earlier periods that the person has been an external Monetary Policy Board member.
This Act’s bill:Second reading speech
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