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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Monitor of Bank

80: Appointment and role of monitor

You could also call this:

"The Minister chooses a department to watch over the Reserve Bank of New Zealand."

Illustration for Reserve Bank of New Zealand Act 2021

The Minister can choose a department to keep an eye on the Reserve Bank of New Zealand. You can think of this department as a monitor that helps the Minister do their job, which is explained in section 22. The monitor's role is to assist the Minister and do certain tasks. The monitor can do things like manage money, oversee laws, and give advice to Ministers. They can also do other tasks that are part of this Act or other laws. The Minister can ask the monitor to do these tasks. The monitor is there to support the Minister and make sure the Reserve Bank of New Zealand is working well. You can find more information about this in other parts of the law. The monitor's tasks are important for the Reserve Bank of New Zealand to function properly.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287112.

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"The Minister tells the monitor what they want them to do."

Part 2Reserve Bank of New Zealand
Monitor of Bank

80Appointment and role of monitor

  1. The Minister may appoint a department as the monitor of the Bank.

  2. The role of the monitor is, in relation to the Bank,—

  3. to assist the Minister to carry out the Minister’s role (which is described in section 22); and
    1. to perform or exercise any or all of the following functions or powers:
      1. administering appropriations:
        1. administering legislation:
          1. tendering advice to Ministers:
            1. any other functions or powers in this Act or another Act that may, or must, be performed or exercised by the monitor.

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