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.

(3)

An Order in Council under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Legislation Act 2019 requirements for secondary legislation made under this section
PublicationPCO must publish it on the legislation website and notify it in the GazetteLA19 s 69(1)(c)
PresentationThe Minister must present it to the House of RepresentativesLA19 s 114, Sch 1 cl 32(1)(a)
DisallowanceIt may be disallowed by the House of Representatives LA19 ss 115 , 116
This note is not part of the Act.

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).

Section 15(3): inserted, on 28 October 2021, by section 3 of the Secondary Legislation Act 2021 (2021 No 7).