Plain language law

New Zealand law explained for everyone

Reserve Bank of New Zealand Act 2021

Financial and accountability matters - Other accountability statements and reports - Assessment of regulatory impacts of policies

257: Bank must publish report on assessment of regulatory impacts

You could also call this:

"The Bank must share reports on how rules affect people online."

Illustration for Reserve Bank of New Zealand Act 2021

The Bank has to put every report about how rules affect people on a website. You can find these reports on the Bank's website or a website they use. The Bank might leave out some information if it's a secret that businesses want to keep. The Bank can use a special document to show how they are being accountable. This document can include reports on how rules affect people. This way, the Bank is doing what they have to do. You can look at an old law, the 1989 law, to compare it with this one.

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 It might be out of date or be missing some parts.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=LMS287213.

This page was last updated on — View changes

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
Previous

256: Content of assessment of proposed policy, or

"What to include when checking a new policy"

Next

258: Board must ensure that proper accounting records are kept, or

"The Bank's board must keep accurate and easy-to-understand financial records."

Part 5Financial and accountability matters
Other accountability statements and reports: Assessment of regulatory impacts of policies

257Bank must publish report on assessment of regulatory impacts

  1. The Bank must publish every report on the assessment of regulatory impacts on an Internet site maintained by, or on behalf of, the Bank.

  2. However, the Bank may omit information from any report published if it is satisfied on reasonable grounds that it is proper to omit the information on the ground of commercial confidentiality.

  3. The publication of an accountability document that includes a report on the assessments of regulatory impacts satisfies the obligation in subsection (1).

Compare