Reserve Bank of New Zealand Act 2021

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18 Extension of term


The Minister may, by written notice to an internal or external member (with a copy to the chairperson and the board), extend the member’s term of appointment by up to 6 months.


If a member’s term is extended and the member is reappointed for a further term in the same capacity (for example, as an employee of the Bank), the length of the further term must be reduced by the length of the extension.


Subclause (2) does not prevent the further term from being extended under subclause (1).

Compare: 1989 No 157 Schedule 2 cl 14(1)–(3)