CTHIn ForceAct
Reserve Bank Act 1959
25ADPeriod of appointment of external Board members
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#### 25AD Period of appointment of external Board members
(1) An external Monetary Policy Board member holds office for the period specified in the instrument of appointment. The period must not exceed 5 years.
(2) A person must not be appointed under subsection 25AB(1) for a period if the sum of the following exceeds 7 years:
(a) that period;
(b) any earlier periods that the person has been an external Monetary Policy Board member.