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Reserve Bank of New Zealand Act 2021

Central bank functions - Foreign exchange - Foreign reserves management and co-ordination framework

144: Form and publication of framework

You could also call this:

"The plan must be written, dated, and signed, then published on the Reserve Bank's website."

Illustration for Reserve Bank of New Zealand Act 2021

The framework is a plan that must be written down, have a date, and be signed by the Minister and two members of the board. You will see the framework on the Reserve Bank of New Zealand's website after it is signed. The Bank will put it on their website as soon as they can.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS321311.

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143: Minister and Bank must agree on framework, or

"The Minister and Reserve Bank must agree on rules for managing foreign money."

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145: Minister and Bank must ensure framework is in force, or

"The Minister and Reserve Bank must have rules in place to manage foreign reserves."

Part 3Central bank functions
Foreign exchange: Foreign reserves management and co-ordination framework

144Form and publication of framework

  1. The framework must be in writing, be dated, and be signed by the Minister and by 2 members on behalf of the board.

  2. The Bank must publish a copy of the framework or a variation of the framework on an Internet site maintained by, or on behalf of, the Bank as soon as practicable after the framework or variation is signed.