Reserve Bank of New Zealand Act 1989

15 Period may be extended

(1)

The Governor-General may, by Order in Council, on the advice of the Minister, extend the period specified in an order under section 12 for a period not exceeding 12 months, and may in the same manner extend that period on successive occasions.

(2)

An extension may only be made before the end of the period to be extended.

Section 15: replaced, on 1 April 2019, by section 8 of the Reserve Bank of New Zealand (Monetary Policy) Amendment Act 2018 (2018 No 59).