Payments System Board Annual Report – 2005 Payments System Board
![Photograph of Ian Macfarlane](/publications/annual-reports/psb/2005/images/ps-board-macfarlane.jpg)
Chairman: Ian Macfarlane AC
Chairman since 1 July 1998
Governor of Reserve Bank of Australia
Present term expires 17 September 2006
![Photograph of Philip Lowe](/publications/annual-reports/psb/2005/images/ps-board-lowe.jpg)
Deputy Chairman: Philip Lowe
Deputy Chairman since
8 March 2004
Assistant Governor (Financial System)
Reserve Bank of Australia
![Photograph of John Laker](/publications/annual-reports/psb/2005/images/ps-board-laker.jpg)
John Laker
Chairman
Australian Prudential Regulation Authority
Member since 24 July 1998
![Photograph of Joe Gersh](/publications/annual-reports/psb/2005/images/ps-board-gersh.jpg)
Joe Gersh
Managing Director
Gersh Investment Partners Ltd
Member since 15 July 1998
Present term expires 14 July 2008
![Photograph of Sue McCarthy](/publications/annual-reports/psb/2005/images/ps-board-mccarthy.jpg)
Sue McCarthy
Director
Member since 15 July 1998
Present term expires 14 July 2007
![Photograph of John Poynton](/publications/annual-reports/psb/2005/images/ps-board-poynton.jpg)
John Poynton AM
Executive Chairman
Azure Capital Pty Ltd
Member since 26 May 2000
Present term expires 24 May 2010
![Photograph of John Thom](/publications/annual-reports/psb/2005/images/ps-board-thom.jpg)
John Thom
Chairman
Centre for Money, Banking and Finance
Macquarie University
Member since 15 July 1998
Present term expires 14 July 2006