Plain language law

New Zealand law explained for everyone

Reserve Bank of New Zealand Act 2021

Financial and accountability matters - Financial policy remit

205: Form, publication, and presentation of financial policy remit

You could also call this:

"How the Reserve Bank shares its financial plans with the public"

Illustration for Reserve Bank of New Zealand Act 2021

You need to know what a financial policy remit is. It must be in writing and signed by the Minister. The Reserve Bank of New Zealand must put it on their website. The Minister has to tell people about the remit in the Gazette and give a copy to the House of Representatives as soon as possible.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287178.

This page was last updated on — View changes

Topics:
Money and consumer rights > TaxesGovernment and voting > Government departments
Previous

204: Contents of financial policy remit, or

"What the Minister wants the Reserve Bank to think about when making financial decisions"

Next

206: Review of financial policy remit, or

"Checking if the financial rules are working well"

Part 5Financial and accountability matters
Financial policy remit

205Form, publication, and presentation of financial policy remit

  1. The financial policy remit must be in writing and signed by the Minister.

  2. The Bank must publish the financial policy remit on an Internet site maintained by, or on behalf of, the Bank.

  3. The Minister must, as soon as practicable after a financial policy remit is issued,—

  4. notify the issue of the remit in the Gazette; and
    1. present a copy of the remit to the House of Representatives.