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Reserve Bank of New Zealand Act 2021

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

237: Obligation to publish and present statement of performance expectations

You could also call this:

"The Reserve Bank must share its performance goals with the public."

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand must publish its statement of performance expectations on its website as soon as possible after giving it to the Minister. You can find this statement on the Bank's website, but sometimes the Minister might ask them not to publish it before the Budget. The Minister must give a copy of this statement to the House of Representatives, either with the Bank's annual report or in another document presented at the same time, as described in section 239.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287282.

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238: Obligation to publish and present amendments to statement of performance expectations, or

"The Reserve Bank must share changes to its goals with the public and Parliament."

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

237Obligation to publish and present statement of performance expectations

  1. The Bank must, as soon as practicable after providing a final statement of performance expectations to the Minister, publish the statement on an Internet site maintained by, or on behalf of, the Bank.

  2. However, if the final statement of performance expectations relates to a period commencing on or after the next Budget day, the Minister may require the Bank not to publish the statement in the pre-Budget period.

  3. The Minister must present a copy of the final statement of performance expectations to the House of Representatives—

  4. in the same document as the Bank’s annual report for the previous financial year (see section 239); or
    1. in any other document presented on or before the date on which the annual report described in paragraph (a) is presented.

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