Commonwealth Consolidated Acts

RESERVE BANK ACT 1959 - SECT 21

             (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.