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Reserve Bank of New Zealand Act 2021

Operation of Reserve Bank - Review of Bank’s operations and performance

194: Review of Bank’s operations and performance

You could also call this:

"The Minister checks how well the Reserve Bank is working."

Illustration for Reserve Bank of New Zealand Act 2021

The Minister can review how the Bank is working and how well it is doing at any time. You can find more information about other powers of review in the Public Service Act 2020 and the Public Audit Act 2001. Before the Minister starts a review, they must talk to the Bank about what the review is for and think about what the Bank says about the review.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287217.

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Money and consumer rights > Banking and loansGovernment and voting > Government departments
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"The Bank must help with a review of its work."

Part 4Operation of Reserve Bank
Review of Bank’s operations and performance

194Review of Bank’s operations and performance

  1. The Minister may review the operations and performance of the Bank at any time.

  2. This section does not limit powers of review in the Public Service Act 2020 or the Public Audit Act 2001 or under any other Act.

  3. Before a Minister undertakes a review under this section, the Minister must—

  4. consult with the Bank on the purpose and nature of the review; and
    1. consider any submissions made by the Bank on the proposed review.

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