Reserve Bank of New Zealand Act 2021

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

36: Validity of appointments

You could also call this:

"Appointments to the Reserve Bank board are still valid even if there was a problem with the appointment process."

Illustration for Reserve Bank of New Zealand Act 2021

If you are appointed to the Reserve Bank of New Zealand's board, your appointment is still valid even if there was a problem with how you were appointed. You might have been appointed as a member, chairperson, or deputy chairperson of the board. This rule does not apply if you do not meet the requirements to be appointed to one of these roles. If there is an issue with whether you are qualified for the role, this section does not help. You can see how this rule has changed over time by looking at the Reserve Bank of New Zealand Act 1986. This will help you understand the history of this rule.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287058.

This page was last updated on 1 January 2026 — View changes

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35: Validity of members’ acts, or

"Things done by board members are valid, even if there were problems with their appointment"

37: Removal of members, or

"The Governor-General can remove a board member for a good reason after getting advice."

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

36Validity of appointments

The appointment of a person as a member, chairperson, or deputy chairperson of the board is not invalid only because a defect existed in the appointment of the person.
This section does not apply to a defect in the qualifications for appointment of a member, chairperson, or deputy chairperson.

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2004 No 115 s 35