CTHIn ForceAct
Reserve Bank Act 1959
25AKIndependence of Board members
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#### 25AK Independence of Board members
(1) Subject to this Act and to other laws of the Commonwealth, each person who is a member of the Monetary Policy Board, in performing the person’s functions and duties and exercising the person’s powers as a member of the Board:
(a) has complete discretion; and
(b) is not subject to direction from anyone (including direction from the Government); and
(c) must act in an independent and impartial manner.
(2) In particular, and without limiting subsection (1), the Secretary is a member of the Board in the Secretary’s individual capacity.