Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Individual duties of members

50: Duty to comply with relevant legislation

You could also call this:

"Follow the rules and laws that apply to the Reserve Bank"

Illustration for Reserve Bank of New Zealand Act 2021

You are a member of the board of the Reserve Bank of New Zealand. You must follow the rules in this Act, the prudential legislation, and the AML Act. You cannot do anything that breaks these rules or help the Bank break them.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287077.

This page was last updated on View changes


Previous

49: Board must have regard to financial policy remit when acting in relation to prudential strategic intentions and prudential standards, or

"The Bank's board must consider the financial plan when making decisions about financial rules and goals."


Next

51: Duty to act with honesty and integrity, or

"Be honest and do the right thing as a board member"

Part 2Reserve Bank of New Zealand
Board of Bank and its members: Individual duties of members

50Duty to comply with relevant legislation

  1. A member of the board must not contravene, or cause the contravention of, or agree to the Bank contravening,—

  2. this Act; or
    1. the prudential legislation; or
      1. the AML Act.
        Compare