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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Governor

90: Removal of Governor from office

You could also call this:

"The Governor can be removed from their job by the Governor-General for a good reason."

Illustration for Reserve Bank of New Zealand Act 2021

The Governor-General can remove the Governor from their job at any time if they have a good reason. You need to know that the Governor-General gets advice from the Minister before making this decision. The Minister talks to the Attorney-General before giving this advice. The Minister can give this advice for certain reasons, such as those mentioned in section 92(1)(c) or (f), but only if the board recommends removing the Governor. For other good reasons, the Minister can give advice whether or not the board makes a recommendation, as stated in section 91. This is how the Governor can be removed from their job.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287125.

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Topics:
Government and voting > Government departments
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89: Validity of appointments, or

"Your appointment as Governor is still valid even if there was a problem with the process."

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91: Board must advise Minister of just cause and may recommend removal, or

"The Bank's board must tell the Minister if they find a good reason to remove the Governor."

Part 2Reserve Bank of New Zealand
Governor

90Removal of Governor from office

  1. The Governor-General may, at any time for just cause, on the advice of the Minister given after consultation with the Attorney-General, remove the Governor from office.

  2. The Minister may give the advice—

  3. for a cause referred to in section 92(1)(c) or (f) only if the board has made a recommendation under section 91 that the Governor be removed from office:
    1. for any other just cause whether or not the board has made a recommendation under section 91 that the Governor be removed from office.

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