The sub-committee was to be chaired by Mr George Bennett, former KPMG  BIS central bankers’ speeches  3  managing partner and independent member of the Reserve Bank’s Audit Committee. Other members were Mr Warburton, a non-executive director of NPA and former Reserve Bank Board member, and Mr Campbell.
Since NPA had no legal counsel, the Reserve Bank’s General Counsel was appointed legal counsel for the NPA Board for the investigation. The Reserve Bank Board secretary, who also acted as secretary of the Reserve Bank Audit Committee, was secretary of the sub-committee.