Document ID: chunk:federal_register_of_legislation:C2024A00096:clause:1_7f
Version: federal_register_of_legislation:C2024A00096
Segment Type: clause
Provision Reference: sch 1 cl 7F
Character Range: 10918–12115

7F  Termination for contravening general duties of officials
  Section 30 of the Public Governance, Performance and Accountability Act 2013 (about terminating the appointment of an accountable authority, or a member of an accountable authority, for contravening general duties of officials):
 (a) applies in relation to the following:
 (i) an external Monetary Policy Board member;
 (ii) an external Payments System Board member;
  as if the member were a member of the accountable authority of the Bank; and
 (b) despite subsection 30(6) of that Act, does not apply in relation to the following:
 (i) the Governor;
 (ii) the Deputy Governor;
 (iii) the senior RBS member.
Note: Section 30 of the Public Governance, Performance and Accountability Act 2013 continues to apply to the external Governance Board members as members of the accountable authority of the Bank. The effect of section 30 of that Act together with this section is that the appointment of:
(a) an external Monetary Policy Board member; or
(b) an external Payments System Board member; or
(c) an external Governance Board member;
 may be terminated by the Treasurer in the circumstances provided under section 30 of that Act.