43 Deputy Governor

(1)

There is a Deputy Governor of the Bank who must be appointed by the Minister on the recommendation of the Board.

(2)

The Board must consult the Governor before making its recommendation.

(3)

The Deputy Governor must perform the duties and functions that are determined by the Governor (to the extent that those duties and functions are consistent with the conditions of appointment determined by the Board).

Section 43: replaced, on 1 April 2019, by section 13 of the Reserve Bank of New Zealand (Monetary Policy) Amendment Act 2018 (2018 No 59).