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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Conflict of interest disclosure rules

62: Obligation to disclose interest

You could also call this:

"Tell others about your interest in the Bank's business"

Illustration for Reserve Bank of New Zealand Act 2021

You must tell others about your interest in something related to the Bank. You do this by following the rules in section 63. You should do this as soon as you know you have an interest. If you already told others about your interest, you do not need to tell them again. This is called a standing disclosure and it is made according to the rules in section 63. This standing disclosure is used for anything related to the Bank. Your standing disclosure is no longer valid if your interest changes a lot or increases significantly.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287093.

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"Who you must tell about your interests"

Part 2Reserve Bank of New Zealand
Board of Bank and its members: Conflict of interest disclosure rules

62Obligation to disclose interest

  1. A member who is interested in a matter relating to the Bank must disclose details of the interest in accordance with section 63 as soon as practicable after the member becomes aware that they are interested.

  2. A general notice of an interest in a matter relating to the Bank, or in a matter that may in future relate to the Bank, that is disclosed in accordance with section 63 is a standing disclosure of that interest for the purposes of this section.

  3. A standing disclosure ceases to have effect if the nature of the interest materially alters or the extent of the interest materially increases.

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