Reserve Bank of New Zealand Act 2021

Financial and accountability matters - Reporting obligations

215: Interpretation for subpart

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"What special words mean in this part of the law"

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When you read this part of the law, some words have special meanings. A Bank group is the Reserve Bank and the companies it owns. You can find more information about some of these terms in the Public Finance Act 1989 and the Financial Reporting Act 2013. Some words used here have the same meaning as in the Public Finance Act 1989.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287254.

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Part 5Financial and accountability matters
Reporting obligations

215Interpretation for subpart

  1. In this subpart, unless the context otherwise requires,—

    Bank group means a group comprising—

    1. the Bank; and
      1. its subsidiaries; and
        1. any entity that is its subsidiary for the purpose of any financial reporting standard that applies to the Bank under generally accepted accounting practice

          class of outputs or class has the same meaning as in section 2(1) of the Public Finance Act 1989

            generally accepted accounting practice has the same meaning as in section 8 of the Financial Reporting Act 2013

              Minister has the meaning set out in section 5(1)

                next Budget day means the day on which the Minister of Finance will next deliver a Budget under the Public Finance Act 1989

                  outputs does not include outputs that are produced for purchase or consumption solely within the Bank group

                    pre-Budget period means—

                    1. the period of 3 months ending when the Minister of Finance next delivers a Budget under the Public Finance Act 1989; or
                      1. if the Minister of Finance gives less than 3 months' notice of the next Budget day, the period commencing on the day on which the Minister of Finance gives that notice and ending when the Minister of Finance delivers the Budget

                        reportable class of outputs, in respect of a financial year, means a class of outputs—

                        1. that the Bank proposes to supply in the financial year; and
                          1. that is not exempted for that financial year under section 231

                            working day has the same meaning as in section 2(1) of the Public Finance Act 1989.

                            1. Any term or expression that is defined in the Public Finance Act 1989 and used, but not defined, in this subpart has the same meaning as in the Public Finance Act 1989.

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