Document ID: chunk:federal_register_of_legislation:C2006C00145:clause:14_25h
Version: federal_register_of_legislation:C2006C00145
Segment Type: clause
Provision Reference: sch 14 cl 25H
Character Range: 179416–180211

25H  Resolutions without meetings

  A resolution is taken to have been passed at a meeting of the Payments System Board if:
 (a) the Payments System Board has determined:
 (i) that resolutions may be passed in accordance with this section; and
 (ii) the method of indicating agreement with a resolution passed in accordance with this section; and
 (b) without meeting, a majority of the members indicate agreement with the resolution in accordance with the method determined by the Payments System Board; and
 (c) the majority would have constituted a quorum at a meeting of the Payments System Board; and
 (d) all members were informed of the proposed resolution, or reasonable efforts were made to inform all members of the proposed resolution.

Division 3—Other administrative provisions