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Reserve Bank of New Zealand Act 2021

Operation of Reserve Bank - Protections from liability

186: Indemnities in relation to act or omission

You could also call this:

"Protection from blame for certain people"

Illustration for Reserve Bank of New Zealand Act 2021

The Reserve Bank of New Zealand can protect certain people from being liable. You are protected if you are one of the people listed in section 182(1)(a) to (f). The Bank can help pay for costs related to defending or settling claims.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS296247.

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Topics:
Money and consumer rights > Banking and loans
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185: Protections do not affect other actions, or

"Being protected from liability doesn't stop you taking other actions."

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187: Insurance for liability, or

"Insurance to protect Bank workers if they make a mistake on the job"

Part 4Operation of Reserve Bank
Protections from liability

186Indemnities in relation to act or omission

  1. The Bank may only indemnify a person referred to in section 182(1)(a) to (f) in respect of an act or omission for which the person is protected from liability under this subpart (including costs incurred in defending or settling any claim or proceeding relating to the act or omission).

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