RESERVE BANK ACT 1959 - SECT 12 Management of the Bank
RESERVE BANK ACT 1959 - SECT 12
Management of the Bank(1) There shall be a Governor of the Bank and a Deputy Governor of the Bank, who shall be appointed and hold office as provided by Part III.
(2) Subject to sections 10 and 10B, the Bank shall be managed by the Governor.
(3) The Deputy Governor shall perform such duties as the
Governor directs and, in the event of a vacancy in the office of Governor, the
Deputy Governor shall perform the duties of the Governor and shall have and
may exercise the powers and functions of the Governor.