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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Appointment, removal, and conditions of members

30: Minister must consult other political parties

You could also call this:

"The Minister must talk to other parties before choosing someone for the Reserve Bank board."

Illustration for Reserve Bank of New Zealand Act 2021

When you want to appoint someone to the Reserve Bank board, the Minister has to talk to other political parties in Parliament first. The Minister must do this before they recommend that the Governor-General appoints the person. You can find more information about this by looking at the Reserve Bank of New Zealand Act and similar laws, such as the 2001 law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287052.

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Government and voting > Government departmentsMoney and consumer rights > Banking and loans
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29: Criteria for recommendations by Minister, or

"How the Minister chooses people for the Reserve Bank board"

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31: Qualifications of members, or

"Who can be on the Reserve Bank board"

Part 2Reserve Bank of New Zealand
Board of Bank and its members: Appointment, removal, and conditions of members

30Minister must consult other political parties

  1. The Minister must consult with representatives of other political parties in Parliament before recommending that the Governor-General appoints a person to the board.

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