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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

15: Acts must be for purpose of functions

You could also call this:

"The Bank can only do things to help it do its job."

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand can only do certain acts for a specific reason. You know the Bank can do these acts under sections like section 13 or 14. The Bank must do these acts to perform its functions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287023.

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14: Other things Bank can do, or

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

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16: Acts in breach of statute are invalid, or

"Doing something against the law or without a good reason is not allowed for the Reserve Bank"

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

15Acts must be for purpose of functions

  1. The Bank may do an act under section 13 or 14 only for the purpose of performing its functions.

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