Document ID: chunk:federal_register_of_legislation:C2024C00696:section:10c
Version: federal_register_of_legislation:C2024C00696
Segment Type: section
Provision Reference: s 10C
Character Range: 19914–20856

10C  Resolving differences between the Boards
 (1) If a policy determined by the Reserve Bank Board and a policy determined by the Payments System Board are inconsistent:
 (a) the Reserve Bank Board's policy prevails; and
 (b) the Payments System Board's policy has effect as if it were modified to remove the inconsistency.
 (2) If there is a disagreement between the Reserve Bank Board and the Payments System Board as to:
 (a) whether there is an inconsistency of policy to which subsection (1) applies, or the extent of such an inconsistency; or
 (b) the effect of paragraph (1)(b) on a policy of the Payments System Board;
the disagreement is to be resolved as determined by the Governor.
 (3) If there is a disagreement between the Reserve Bank Board and the Payments System Board as to which of the Boards is responsible for determining the Bank's policy on a matter, the disagreement is to be resolved as determined by the Governor.