Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Governor

83: Process requirements relating to Minister’s recommendation

You could also call this:

"How the Minister chooses someone to lead the Reserve Bank"

Illustration for Reserve Bank of New Zealand Act 2021

The Minister can recommend someone to be the Governor of the Reserve Bank of New Zealand. You need to know that person must be chosen by the bank's board first. The Minister must talk to other political parties before making this recommendation.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS468074.

This page was last updated on View changes


Previous

82: Governor, or

"The leader of the Reserve Bank of New Zealand"


Next

84: Term of appointment of Governor, or

"How long the Governor of the Reserve Bank of New Zealand can stay in the job"

Part 2Reserve Bank of New Zealand
Governor

83Process requirements relating to Minister’s recommendation

  1. The Minister may recommend that the Governor-General appoint a person as the Governor only if that person has been nominated by the board.

  2. The Minister must consult with representatives of other political parties in Parliament before making the recommendation.