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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Role, membership, and accountability

26: Accountability of members to Minister

You could also call this:

"Bank board members are responsible to the Minister for doing their job"

Illustration for Reserve Bank of New Zealand Act 2021

You are a member of the Reserve Bank of New Zealand's board. You must follow the board's collective duties outlined in sections 45 to 49. You also have individual duties as a member, which are in sections 50 to 54. You must comply with any directions that apply to the Bank under this Act or other laws. You are accountable to the Minister for doing your job as a member.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287044.

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Part 2Reserve Bank of New Zealand
Board of Bank and its members: Role, membership, and accountability

26Accountability of members to Minister

  1. Members of the board must comply with—

  2. the board’s collective duties (in sections 45 to 49); and
    1. their individual duties as members (in sections 50 to 54); and
      1. any directions applicable to the Bank under this Act, the prudential legislation, the AML Act, or any other legislation.

        1. Members are accountable to the Minister for performing their duties as members.

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