Reserve Bank Act 1959

The Treasurer must, by written instrument, appoint:

one member of the Governance Board to be the Chair of the Board; and

another member of the Governance Board to be the Deputy Chair of the Board.

The Treasurer must ensure that at least one of the members appointed under subsection (1) as the Chair or Deputy Chair is an external Governance Board member.

The Deputy Chair is to act as the Chair:

during a vacancy in the office of the Chair (whether or not an appointment has previously been made to the office); or

during any period, or during all periods, when the Chair:

is absent from duty; or

is, for any reason, unable to perform the duties of the office.

For rules that apply to persons acting as the Chair, see section 33A of the Acts Interpretation Act 1901.

The Treasurer may, by written instrument, appoint a member of the Governance Board to act as the Chair:

during a vacancy in the offices of both the Chair and the Deputy Chair (whether or not an appointment has previously been made to the offices); or

during any period, or during all periods, when both the Chair and Deputy Chair:

are absent from duty; or

are, for any reason, unable to perform the duties of the office.

For rules that apply to acting appointments, see sections 33AB and 33A of the Acts Interpretation Act 1901.