Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 25

Vacation of Office

                   If the Governor or the Deputy Governor:

                     (a)  becomes permanently incapable of performing his or her duties; or

                     (b)  engages in any paid employment outside the duties of his or her office; or

                     (c)  becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors or makes an assignment of his or her salary for their benefit;

the Treasurer shall terminate his appointment.


 



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