7DDisclosure of interests—key decisions of the Monetary Policy Board

#### 7D Disclosure of interests—key decisions of the Monetary Policy Board (1) This section applies if: (a) either or both of the following matters: (i) the monetary policy of the Bank; (ii) the policy of the Bank (other than the payments system policy of the Bank) for contributing to the stability of Australia’s financial system; are being considered at a meeting of the Monetary Policy Board; and (b) a member of the Board has a material personal interest that relates to the matter; and (c) within the previous 12 months the member has disclosed, in writing, the member’s interest to the Treasurer (whether the disclosure occurs before or after this section commences); and (d) there has been no substantial change in the nature or extent of the interest since the disclosure. (2) The member may do either or both of the following: (a) be present during any consideration by the Board of the matter at the meeting; (b) vote on the matter at the meeting. (3) The member is taken to have complied with: (a) section 29 of the Public Governance, Performance and Accountability Act 2013; and (b) any rules made for the purposes of that section; in relation to the member’s consideration of the matter at the meeting of the Board. (4) This section applies: (a) despite section 7A and subsections 7C(1) and (3) of this Act; and (b) instead of any rules made for the purposes of section 29 of the Public Governance, Performance and Accountability Act 2013.