Document ID: chunk:federal_register_of_legislation:C2006C00145:clause:14_12
Version: federal_register_of_legislation:C2006C00145
Segment Type: clause
Provision Reference: sch 14 cl 12
Character Range: 167481–168099

12  At the end of section 7A
Add:

 (2) For the purposes of the Commonwealth Authorities and Companies Act 1997, the members of the Reserve Bank Board (rather than the members of the Payments System Board) are the directors of the Bank.

 (3) However, sections 21 to 27 of the Commonwealth Authorities and Companies Act 1997, and Schedule 2 to that Act, apply to the members of the Payments System Board as though they were directors of the Bank.

Note: The heading to section 7A is replaced by the heading "Special provisions relating to how the Commonwealth Authorities and Companies Act 1997 applies to the Bank".