19Transfer to Commonwealth Banking Corporation Service within three months after commencing date

19 Transfer to Commonwealth Banking Corporation 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 Reserve Bank Service who became such an officer by virtue of section sixteen of this Act, jointly declare that, in their opinion, it is desirable that the officer should be transferred to the Commonwealth Banking Corporation 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 Reserve Bank Service; and (b) the Commonwealth Banking Corporation shall, on that date, appoint that person as an officer of the Commonwealth Banking Corporation Service.