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Reserve Bank of Vanuatu (Amendment) Act 2008

Commencement: 23 June 2008


REPUBLIC OF VANUATU


RESERVE BANK OF VANUATU (AMENDMENT)
ACT NO. 5 OF 2008


Arrangement of Sections


1. Amendment
2. Commencement


--------------------------------------------


REPUBLIC OF VANUATU


Assent: 11/06/2008
Commencement: 23/06/2008


RESERVE BANK of Vanuatu (Amendment)
Act NO. 5 of 2008


An Act to amend the Reserve Bank of Vanuatu Act [CAP 125].


Be it enacted by the President and Parliament as follows:


1 Amendment


The Reserve Bank of Vanuatu Act [CAP 125] is amended as set out in the Schedule.


2 Commencement


This Act commences on the day on which it is published on the Gazette.


__________________________________________


SCHEDULE


AMENDMENTS OF THE RESERVE BANK OF VANUATU
ACT
[CAP 125]


1 Paragraph 8(3) (a)


After "Governor" insert "ex officio"


2 After subsection 8(4)


Insert


"(4A) The Minister is to appoint a Chairperson of the Board from amongst the members of the Board (other than the Governor) referred to under subsection (3)."


3 Subsection 8(5)


Delete the words "The Governor, who shall be the Chairman", substitute "The Chairperson"


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URL: http://www.paclii.org/vu/legis/num_act/rbova2008322