Commonwealth Consolidated Acts

RESERVE BANK ACT 1959 - SECT 7A

             (1)  Sections 14 and 18 of the Commonwealth Authorities and Companies Act 1997 do not apply in relation to the Bank.

             (2)  For the purposes of the Commonwealth Authorities and Companies Act 1997 , the members of the Reserve Bank Board (rather than the members of the Payments System Board) are the directors of the Bank.

             (3)  However, sections 21 to 27P of the Commonwealth Authorities and Companies Act 1997 , and Schedule 2 to that Act, apply to the members of the Payments System Board as though they were directors of the Bank.