Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Validity of acts

19: Acts that are not in best interests of Bank

You could also call this:

"Things the Bank can do even if they're not best for it"

Illustration for Reserve Bank of New Zealand Act 2021

If you do something as part of the Reserve Bank of New Zealand, it is okay even if it is not the best thing for the Bank. You can still do the act and it will be valid. The Reserve Bank of New Zealand Act 2021 has more information about this, which you can find by following the link to the legislation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287028.

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18: Limits on protection of natural person acts, or

"What you can still do even if someone's actions are protected by law"


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20: Dealings between Bank and other persons, or

"How the Reserve Bank of New Zealand interacts with you and others."

Part 2Reserve Bank of New Zealand
Validity of acts

19Acts that are not in best interests of Bank

  1. It is irrelevant to the validity of an act that the act is not, or would not be, in the best interests of the Bank.

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