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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Governor

88: Appointment procedure for Governor

You could also call this:

"How the Governor of the Reserve Bank is officially appointed"

Illustration for Reserve Bank of New Zealand Act 2021

You get a notice when you are appointed as the Governor. The notice tells you when you start and how long you are appointed for. The Minister makes sure your details are published in the Gazette. You need to get the notice before you start as Governor. The notice is a written one and a copy goes to the board. Your details are published as soon as possible after you are appointed. The Gazette will have your name, start date, and how long you are appointed for. This is done by the Minister after your appointment. You can compare this to the 1989 legislation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS289398.

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"Who can be the Governor of the Reserve Bank of New Zealand?"

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"Your appointment as Governor is still valid even if there was a problem with the process."

Part 2Reserve Bank of New Zealand
Governor

88Appointment procedure for Governor

  1. The appointment of the Governor must be made by written notice to the appointee (with a copy to the board).

  2. The notice must state—

  3. the date on which the appointment takes effect, which must not be earlier than the date on which the notice is received; and
    1. the term of the appointment.

      1. The Minister must ensure that the following are notified in the Gazette as soon as practicable after an appointment is made:

      2. the name of the appointee; and
        1. the date on which the appointment takes effect; and
          1. the term of the appointment.

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