CTHIn ForceAct
Reserve Bank Act 1959
25AGRemuneration of external Board members
Start here
Get a plain-English read of 25AG
Turn the raw legal text into a practical explanation grounded in Reserve Bank Act 1959.
#### 25AG Remuneration of external Board members
(1) An external Monetary Policy Board member is to be paid the remuneration that is determined by the Remuneration Tribunal. If no determination of that remuneration by the Tribunal is in operation, the member is to be paid the remuneration that is prescribed by the regulations.
(2) An external Monetary Policy Board member is to be paid the allowances that are prescribed by the regulations.
(3) This section has effect subject to the Remuneration Tribunal Act 1973.