Reserve Bank of New Zealand Act 2021

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

40: No compensation for member’s loss of office

You could also call this:

"No pay if you leave the Reserve Bank board"

Illustration for Reserve Bank of New Zealand Act 2021

If you are a member of the Reserve Bank of New Zealand's board, you will not get any money or benefits if you stop being a member. You will not get compensation for any reason that you stop holding office as a member. You can compare this to the 2004 legislation, which is available on the https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM329970 for more information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287065.

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39: Process for removal of members, or

"How a bank board member can be removed from their job"


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41: Resignation of members, or

"How to quit being on the Reserve Bank board"

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

40No compensation for member’s loss of office

  1. A member of the board is not entitled to any compensation or other payment or benefit relating to their ceasing, for any reason, to hold office as a member.

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