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Reserve Bank of New Zealand Act 2021

Financial and accountability matters - Reporting obligations - Planning: statement of performance expectations

229: Obligation to prepare statement of performance expectations

You could also call this:

"The Reserve Bank must prepare a plan for what it wants to achieve each year."

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand must prepare a statement of performance expectations before the start of each financial year. This statement must comply with section 230. You can find more information about this in section 230 by following the link to section 230.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287274.

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228: Purpose of statement of performance expectations, or

"The purpose of the Reserve Bank's performance plan is to set goals and track progress."

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230: Content of statement of performance expectations, or

"What the Reserve Bank plans to do and how it will measure success"

Part 5Financial and accountability matters
Reporting obligations: Planning: statement of performance expectations

229Obligation to prepare statement of performance expectations

  1. Before the start of each financial year, the Bank must prepare a statement of performance expectations for that financial year that complies with section 230.

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