Plain language law

New Zealand law explained for everyone

Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Continuation of Reserve Bank of New Zealand

12: Status of Bank

You could also call this:

"The Reserve Bank is a separate entity that exists on its own."

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand is a body corporate. You can think of it as a separate entity from its members and the government. It will keep existing until it is dissolved by a new law.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287020.

This page was last updated on — View changes

Topics:
Money and consumer rights > Banking and loansGovernment and voting > Government departments
Previous

11: Minister may add functions on Bank’s request, or

"The Minister can give the Reserve Bank a new job if they ask for it."

Next

13: Core things Bank can do, or

"What the Reserve Bank of New Zealand is allowed to do"

Part 2Reserve Bank of New Zealand
Continuation of Reserve Bank of New Zealand

12Status of Bank

  1. The Bank—

  2. is a body corporate; and
    1. is accordingly a legal entity separate from its members, office holders, employees, and the Crown; and
      1. continues in existence until it is dissolved by an Act.

        Compare