Page "Reserve Bank of Australia" Paragraph 29

In addition, the Board is composed of six external members who are appointed by the Treasurer for a period of five years.

According to section 17 ( 1 ) of the Reserve Bank Act, members of the Board are not allowed to be a director, officer, or employee of an institution that is authorised to take in deposits.

Excluding changes in the number of directors, the structure of the board of directors has remained unchanged since 1951.