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Reserve Bank of New Zealand Act 2021

Central bank functions - Regulating bank note handling machines

163: Standards do not prevent return to Bank of unfit bank notes

You could also call this:

"You can return damaged bank notes to the Bank"

Illustration for Reserve Bank of New Zealand Act 2021

You can return bank notes to the Bank that are not good enough to be used. The standards do not stop you from doing this. The Bank can take back bank notes that are not fit to be used as currency.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS349335.

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Topics:
Money and consumer rights > Banking and loans
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162: Content of standards, or

"Rules for Bank Note Machines"

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164: Bank may require operator to test bank note handling machines and to report, or

"The Bank can ask you to test and report on bank note machines."

Part 3Central bank functions
Regulating bank note handling machines

163Standards do not prevent return to Bank of unfit bank notes

  1. Nothing in the standards prevents any activity that facilitates the return to the Bank of bank notes that are not of a minimum quality so as to be fit to be used or to be circulated as currency.