18Transfer to Reserve Bank Service within three months after commencing date

18 Transfer to Reserve Bank Service within three months after commencing date

(1) At any time within three months after the commencing date, the Governor and the Managing Director may, at the request in writing of an officer of the Commonwealth Banking Corporation Service who became such an officer by virtue of the last preceding section, jointly declare that, in their opinion, it is desirable that the officer should be transferred to the Reserve Bank Service on such date as is specified in the declaration, being a date not later than three months after the commencing date. (2) Where a declaration is made under the last preceding subsection in respect of a person: (a) that person shall, on the date specified in the declaration, cease to be an officer of the Commonwealth Banking Corporation Service; and (b) the Reserve Bank shall, on that date, appoint that person as an officer of the Reserve Bank Service.