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.

Note:   See section   7A for how the Public Governance, Performance and Accountability Act 2013 applies in relation to the 2 Boards.