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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Board of Bank and its members - Miscellaneous provisions relating to board

78: Vacancies in membership of board

You could also call this:

"What happens if there's an empty spot on the Reserve Bank's board"

Illustration for Reserve Bank of New Zealand Act 2021

If there is an empty spot on the Reserve Bank of New Zealand's board, it does not stop the Bank from doing its job. You can see how this rule has changed over time by looking at the Reserve Bank of New Zealand Act 1986. The Bank keeps working even if someone leaves or a spot is not filled.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287109.

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77: Revocations of delegations, or

"Stopping a job that was given to someone else"

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79: Appointment of chairperson, etc, and board procedure, or

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Part 2Reserve Bank of New Zealand
Board of Bank and its members: Miscellaneous provisions relating to board

78Vacancies in membership of board

  1. The powers and functions of the Bank are not affected by any vacancy in the membership of the board.

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