Document ID: chunk:federal_register_of_legislation:C2024C00696:section:8a
Version: federal_register_of_legislation:C2024C00696
Segment Type: section
Provision Reference: s 8A
Character Range: 16845–17474

8A  The Boards of the Bank
 (1) The Bank has 2 Boards:
 (a) the Reserve Bank Board; and
 (b) the Payments System Board.
 (2) The Reserve Bank Board is responsible for the Bank's monetary and banking policy, and the Bank's policy on all other matters, except for its payments system policy (see section 10).
 (3) The Payments System Board is responsible for the Bank's payments system policy (see section 10B).
 (4) Disagreements between the Boards are to be resolved in accordance with section 10C.
Note: See section 7A for how the Public Governance, Performance and Accountability Act 2013 applies in relation to the 2 Boards.