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Reserve Bank of New Zealand Act 2021

Operation of Reserve Bank - Protections from liability

182: Protection for certain persons

You could also call this:

"Protection for Reserve Bank staff and leaders from some legal actions"

Illustration for Reserve Bank of New Zealand Act 2021

You are protected if you work for the Reserve Bank of New Zealand. This means you are not liable for certain acts or omissions. You can check the Crimes Act 1961 for more information. You are protected if you are a member of the board, a member of the MPC, the Governor, a member of a committee, an employee of the Bank, an investigator, or a statutory manager. You are not liable for any excluded act or omission. But this does not apply to certain offences, like those under section 78 of the Crimes Act 1961. This protection does not apply to everything, like proceedings for certain offences. You can check section 184 for more information about the liability of a member of the board to the Bank. This section is also subject to sections 165 to 168 of the Search and Surveillance Act 2012.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS321006.

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Part 4Operation of Reserve Bank
Protections from liability

182Protection for certain persons

  1. This section applies to the following persons:

  2. a member of the board; and
    1. a member of the MPC; and
      1. the Governor; and
        1. a member of a committee; and
          1. an employee of the Bank; and
            1. an investigator appointed under any provision of the prudential legislation; and
              1. a statutory manager appointed under any provision of the prudential legislation.

                1. A person to whom this section applies is not liable for any excluded act or omission.

                2. Nothing in subsection (2) applies in respect of proceedings for—

                3. an offence under section 78, 78AAA, 78AAB, 78AA(1), 78A(1), 105, 105A, 105B, or 105F of the Crimes Act 1961 or an offence under section 270 or 289 of this Act; or
                  1. the offence of conspiring to commit an offence referred to in paragraph (a); or
                    1. the offence of attempting to commit an offence referred to in paragraph (a).

                      1. This section does not apply to the liability of a member of the board to the Bank (see section 184).

                      2. This section is subject to sections 165 to 168 of the Search and Surveillance Act 2012 (which provide for immunities in relation to orders and warrants, and entry, search, and surveillance powers).

                      Notes
                      • Section 182(3)(a): amended, on , by section 17 of the Crimes (Countering Foreign Interference) Amendment Act 2025 (2025 No 71).