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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Governor

84: Term of appointment of Governor

You could also call this:

"How long the Governor of the Reserve Bank of New Zealand can stay in the job"

Illustration for Reserve Bank of New Zealand Act 2021

You learn about the Reserve Bank of New Zealand. The Governor is appointed for 5 years and can be reappointed for another 5 years. They are appointed under section 82. You can also be appointed as Governor under section 96 for a short time. This is usually for up to 6 months. If you are appointed under section 96 and then under section 82, your first short term does not reduce your 5-year term. The law says how long the Governor can be in the job. You can read more about this in the section 82 and section 96 rules. These rules help you understand how the Governor is appointed.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287118.

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Part 2Reserve Bank of New Zealand
Governor

84Term of appointment of Governor

  1. The Governor must be appointed under section 82 for a term of 5 years and may be reappointed under that section for 1 further term of up to 5 years.

  2. See section 96 (which provides for a single term of up to 6 months for a Governor appointed under that section).

  3. If a person (A) who serves as the Governor under section 96 is subsequently appointed under section 82, the term of the appointment under section 96 does not reduce the length of A’s term under subsection (1).

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