Document ID: chunk:federal_register_of_legislation:C2024A00096:clause:1_7d
Version: federal_register_of_legislation:C2024A00096
Segment Type: clause
Provision Reference: sch 1 cl 7D
Character Range: 7814–9283

7D  Disclosure of interests—key decisions of the Monetary Policy Board
 (1) This section applies if:
 (a) either or both of the following matters:
 (i) the monetary policy of the Bank;
 (ii) the policy of the Bank (other than the payments system policy of the Bank) for contributing to the stability of Australia's financial system;
  are being considered at a meeting of the Monetary Policy Board; and
 (b) a member of the Board 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 extent 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 at the meeting;
 (b) vote on the matter at the meeting.
 (3) The member is taken to have complied with:
 (a) section 29 of the Public Governance, Performance and Accountability Act 2013; and
 (b) any rules made for the purposes of that section;
in relation to the member's consideration of the matter at the meeting of the Board.
 (4) This section applies:
 (a) despite section 7A and subsections 7C(1) and (3) of this Act; and
 (b) instead of any rules made for the purposes of section 29 of the Public Governance, Performance and Accountability Act 2013.