Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Monitor of Bank

81: Minister must set expectations

You could also call this:

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

Illustration for Reserve Bank of New Zealand Act 2021

The Minister has to write to the monitor and tell them what they expect. You need to know the Minister's expectations are about the monitor's role. The Minister's notice must always be in place after the first one is sent.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287113.

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80: Appointment and role of monitor, or

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


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82: Governor, or

"The leader of the Reserve Bank of New Zealand"

Part 2Reserve Bank of New Zealand
Monitor of Bank

81Minister must set expectations

  1. The Minister must give a written notice to the monitor that sets out the Minister’s expectations relating to the monitor carrying out that role.

  2. After the first notice is given, a notice must be in force under this section.