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Reserve Bank Act 1959
25ABAppointment of external Board members
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25AB Appointment of external Board members
(1) External Monetary Policy Board members are to be appointed: (a) by the Treasurer by written instrument; and (b) on a part‑time basis.
Note: Subject to subsection 25AD(2), the person may be reappointed: see section 33AA of the Acts Interpretation Act 1901.
(2) A person must not be appointed under subsection (1) if the person is: (a) a staff member of the Reserve Bank Service; or (b) a person appointed or engaged under the Public Service Act 1999; or (c) a director, officer or employee of an ADI.