Plain language law

New Zealand law explained for everyone

Reserve Bank of New Zealand Act 2021

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

233: Ministerial involvement in statement of performance expectations

You could also call this:

"The Minister helps create the Bank's plan and can add or change things in it."

Illustration for Reserve Bank of New Zealand Act 2021

You can think of a statement of performance expectations as a plan. The Minister helps decide what goes in this plan. The Minister can agree with the Bank to add extra information to the plan, beyond what is required by section 230. The Minister can also say how this information should be presented. You know the Minister has some power over the plan. The Minister can comment on a draft plan or on changes the Bank wants to make to the final plan, as outlined in section 234 and section 235. The Minister can require the plan to include information about how the Bank's performance will be assessed. This means the Minister has a say in what the plan looks like and what it includes.

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 It might be out of date or be missing some parts.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=LMS287278.

This page was last updated on — View changes

Topics:
Money and consumer rights > Banking and loansGovernment and voting > Government departments
Previous

232: Forecast statement of comprehensive revenue and expense, or

"The Reserve Bank's plan for earning and spending money"

Next

234: Process for providing statement of performance expectations to Minister, or

"How the Reserve Bank tells the Minister what it plans to achieve"

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

233Ministerial involvement in statement of performance expectations

  1. The Minister may participate in determining the contents of statements of performance expectations as follows:

  2. the Minister may agree with the Bank that information additional to that required by section 230 be included in the statement of performance expectations:
    1. the Minister may, by written notice to the Bank, specify the particular form in which any information in the statement of performance expectations must be disclosed:
      1. the Minister may make comments on a draft statement of performance expectations under section 234 or on an amendment to a final statement of performance expectations proposed by the Bank under section 235.

        1. The Minister may require a statement of performance expectations to contain any information about how the performance of a class of reportable outputs will be assessed.

        Compare