Reserve Bank of New Zealand Act 1989

44 Term of appointment and conditions of appointment of Deputy Governor

(1)

The Deputy Governor must be appointed under section 43 for a term of 5 years and may be reappointed under that section for 1 further term of up to 5 years.

(2)

See section 48B(1) (which provides for a single term of up to 6 months for a Deputy Governor appointed under that section).

(3)

The conditions of appointment of the Deputy Governor must be determined by the Board after consulting the Minister.

(4)

The conditions must specify the grounds on which the Board may recommend that the Deputy Governor be removed from office under section 50(2)(b).

Section 44: replaced, on 1 April 2019, by section 13 of the Reserve Bank of New Zealand (Monetary Policy) Amendment Act 2018 (2018 No 59).