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RESERVE BANK ACT 1959 - SECT 21 Meetings of Reserve Bank Board

RESERVE BANK ACT 1959 - SECT 21

Meetings of Reserve Bank Board

  (1)   The Reserve Bank Board shall meet at such times and places as the Reserve Bank Board determines or as the Chairperson or the Deputy Chairperson directs.

  (2)   Subject to section   21A, the Chairperson shall preside at all meetings of the Reserve Bank Board at which he or she is present and, in the absence of the Chairperson, the Deputy Chairperson shall preside.

  (3)   5 members form a quorum at a meeting of the Reserve Bank Board.

  (4)   Questions arising at a meeting of the Reserve Bank Board shall be decided by a majority of the votes of the members present and voting.

  (5)   The member presiding at a meeting of the Reserve Bank Board shall have a deliberative vote and, in the event of an equality of votes, shall also have a casting vote.