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Reserve Bank of New Zealand Act 2021

Central bank functions - Monetary policy - Order providing for different economic objective or objectives

128: Revocation of order at end of period

You could also call this:

"When an order runs out after a set time"

Illustration for Reserve Bank of New Zealand Act 2021

You have an order under section 125. If it is not stopped earlier, it stops at the end of the period stated in the order. This period can be extended under section 127. You can find more information about this in section 125 and section 127. This is similar to a law from 1989, which you can find at s 15A.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287172.

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127: Period may be extended, or

"The time limit can be made longer if needed."

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129: Regular reports on monetary policy, or

"The Bank must give regular reports on its money decisions to the government at least 4 times a year."

Part 3Central bank functions
Monetary policy: Order providing for different economic objective or objectives

128Revocation of order at end of period

  1. If an order under section 125 is not earlier revoked, the order is revoked on the close of the last day of the period specified in the order or of any extension of that period under section 127.

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