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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Delegation

77: Revocations of delegations

You could also call this:

"Stopping a job that was given to someone else"

Illustration for Reserve Bank of New Zealand Act 2021

You can stop a delegation made under section 74 at any time. This can be done by the board making a resolution and giving written notice to the person delegated. You can also stop the delegation by any other method stated in the delegation. You can also stop a delegation made under section 75(1)(b) at any time. This can be done by the delegate giving written notice to the subdelegate.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287107.

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

77Revocations of delegations

  1. A delegation under section 74 may be revoked at will by—

  2. resolution of the board and written notice to the delegate; or
    1. any other method provided for in the delegation.

      1. A delegation under section 75(1)(b) may be revoked at will by written notice of the delegate to the subdelegate.

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