Constitutional review of legislative validity and separation of powers in central bank governance

The Austrian Constitutional Court dismissed the constitutional complaint, thereby upholding the challenged legislative provisions. The dispute concerned a challenge to the constitutionality of specific provisions of the National Bank Act, which governed the legal framework for the central bank. The petitioners argued that these norms violated their fundamental rights, but the Court found no basis for such a finding. The decisive legal basis was the authority of the legislative majority and the limited scope of judicial review under the Austrian Constitution, specifically regarding the validity of federal statutes and the separation of powers, which led to the rejection of the claims for the annulment of the impugned regulations.