Reserve Bank of New Zealand Act 2021

2: Commencement

You could also call this:

"When the Reserve Bank of New Zealand Act 2021 starts"

Illustration for Reserve Bank of New Zealand Act 2021

You need to know when parts of the Reserve Bank of New Zealand Act 2021 start. Some parts, like Section 6, subpart 6 of Part 6, and Schedule 1, start the day after the Act is agreed to. The rest of the Act starts on a date chosen by the Governor-General. You will see that some parts of the Act start at different times. The Governor-General can choose different start dates for different parts. If a part has not started by then, it will start on 1 October 2022. When the Governor-General chooses a start date, they make a special order called secondary legislation, which has to be published, as explained in Part 3 of the Legislation Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS286981.

This page was last updated on 1 January 2026 — View changes

Topics:

Government and voting > Government departmentsMoney and consumer rights > Banking and loans

1: Title, or

"The name of the law that governs New Zealand's Reserve Bank"

3: Purposes, or

"This Act helps the Reserve Bank support New Zealand's economy and people."

2Commencement

Section 6, subpart 6 of Part 6, and Schedule 1 come into force on the day after the date of Royal assent.
The rest of this Act comes into force on a date or dates to be appointed by the Governor-General by Order in Council, and 1 or more Orders in Council may be made appointing different dates for different provisions and for different purposes.
However, any provision that has not earlier been brought into force comes into force on 1 October 2022.
An Order in Council made under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes

Section 2(2): this Act (except section 6, subpart 6 of Part 6, and Schedule 1) brought into force, on 1 July 2022, by clause 2 of the Reserve Bank of New Zealand Act 2021 Commencement Order 2022 (SL 2022/145).