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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

42: Members ceasing to hold office

You could also call this:

"How people stop being on the Reserve Bank board"

Illustration for Reserve Bank of New Zealand Act 2021

You stop being a member of the board if you die. You also stop being a member if you resign as set out in section 41. You stop being a member if you are removed from office as set out in section 37. You stop being a member if you become disqualified as set out in section 31. You also stop being a member if you stop holding office under other laws. This can happen for other reasons as well.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287067.

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41: Resignation of members, or

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

42Members ceasing to hold office

  1. A member of the board ceases to hold office if the member—

  2. dies; or
    1. resigns in accordance with section 41; or
      1. is removed from office in accordance with section 37; or
        1. becomes disqualified from being a member under section 31; or
          1. otherwise ceases to hold office in accordance with any legislation.

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