Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) There shall be a Governor of the Bank and a Deputy Governor of the Bank, who shall be appointed and hold office as provided by Part III.
(2) Subject to sections 10 and 10B, the Bank shall be managed by the Governor.
(3) The Deputy Governor shall perform such duties as the Governor directs and, in the event of a vacancy in the office of Governor, the Deputy Governor shall perform the duties of the Governor and shall have and may exercise the powers and functions of the Governor.