Commonwealth Consolidated Acts

RESERVE BANK ACT 1959 - SECT 8A

             (1)  The Bank has 2 Boards:

                     (a)  the Reserve Bank Board; and

                     (b)  the Payments System Board.

             (2)  The Reserve Bank Board is responsible for the Bank's monetary and banking policy, and the Bank's policy on all other matters, except for its payments system policy (see section 10).

             (3)  The Payments System Board is responsible for the Bank's payments system policy (see section 10B).

             (4)  Disagreements between the Boards are to be resolved in accordance with section 10C.

             (5)  For how the Commonwealth Authorities and Companies Act 1997 applies in relation to the 2 Boards, see subsections 7A(2) and (3).