Document ID: chunk:federal_register_of_legislation:C2024A00096:clause:1_88
Version: federal_register_of_legislation:C2024A00096
Segment Type: clause
Provision Reference: sch 1 cl 88
Character Range: 54311–54977

88  Transitional—policies of the Bank determined by the old Board
(1) This item applies to a policy of the Bank that:
 (a) is in force immediately before the transition time; and
 (b) was determined by the old Board in the exercise of its powers under section 10 of the old Act.
(2) The policy of the Bank continues in force (and may be dealt with) on and after the transition time:
 (a) to the extent that determining that kind of policy is a function of the Monetary Policy Board under section 9B of the amended Act—as if the policy had been determined by the Monetary Policy Board; and
 (b) otherwise—as if the policy had been determined by the Governance Board.