Document ID: chunk:federal_register_of_legislation:C2016C00201:clause:6_7b
Version: federal_register_of_legislation:C2016C00201
Segment Type: clause
Provision Reference: sch 6 cl 7B
Character Range: 59800–61090

7B  Disclosure of interests by members of the Reserve Bank Board in relation to certain matters
 (1) This section applies in relation to a member of the Reserve Bank Board if:
 (a) a meeting of the Board is considering either or both of the following matters:
 (i) the monetary policy of the Bank;
 (ii) the role of the Bank in financial system stability; and
 (b) the member has a material personal interest that relates to the matter; and
 (c) within the previous 12 months the member has disclosed, in writing, the member's interest to the Treasurer (whether the disclosure occurs before or after this section commences); and
 (d) there has been no substantial change in the nature or composition of the interest since the disclosure.
 (2) The member may do either or both of the following:
 (a) be present during any consideration by the Board of the matter;
 (b) vote on the matter.
 (3) The member is taken to have complied with section 29 of the Public Governance, Performance and Accountability Act 2013, and any rules made for the purposes of that section.
 (4) This section applies:
 (a) despite subsections 7A(1), (4) and (5) of this Act; and
 (b) instead of any rules made for the purposes of subsection 29(2) of the Public Governance, Performance and Accountability Act 2013.