The Reserve Bank of New Zealand can ask the Minister to give them a new job to do. You can think of this new job as something extra the Bank has to do. The Minister can then decide if they want the Bank to do this new job. The Minister can tell the Bank to do the new job if they think it is a good idea. You need to know that the new job must fit with what the Bank is supposed to do. The Bank's main goals are important when deciding if they should do the new job. When the Minister tells the Bank to do the new job, some other rules apply, like Sections 173 and 174. These rules help figure out how the new job works. You can look at these sections to learn more about how it all works.
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 It might be out of date or be missing some parts.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=LMS480468.
This page was last updated on — View changes
The Bank may request the Minister to direct the Bank to perform any additional function that is consistent with the Bank’s objectives.
The Minister may, if the Minister thinks fit, give the Bank a direction to perform the additional function that is requested under subsection (1).
Sections 173 and 174 apply to the direction.
