Document ID: chunk:federal_register_of_legislation:C2024C00696:section:14
Version: federal_register_of_legislation:C2024C00696
Segment Type: section
Provision Reference: s 14
Character Range: 23970–24910

14  Membership of Reserve Bank Board
 (1) The Reserve Bank Board shall consist of:
 (a) the Governor;
 (b) the Deputy Governor;
 (c) the Secretary to the Department of the Treasury; and
 (d) 6 other members, who shall be appointed in writing by the Treasurer in accordance with this section.
 (2) Of the 6 members appointed under paragraph (1)(d), at least 5 shall be persons who are not officials.
 (3) A member appointed under paragraph (1)(d) who is an official at the time of his or her appointment holds office during the pleasure of the Treasurer.
 (4) A member appointed under paragraph (1)(d) who is not an official:
 (a) is to be appointed for a period, not exceeding 5 years, specified in the instrument of appointment; and
 (b) holds office subject to good behaviour.
 (6) In this section:
official means:
 (a) a staff member of the Reserve Bank Service; or
 (b) a person appointed or engaged under the Public Service Act 1999.