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Cabinet paper

Cabinet Paper DEV-19-SUB-0345: Reserve Bank Act Review - Proposed Institutional Act Policy Decisions

Issue date: 
Wednesday, 18 December 2019
Version note: 

No information has been withheld.

Document Date: 
Thursday, 5 Dec 2019
Publication category: 
Ministerial Portfolio: 
Finance

Accessible HTML version

Only the Proposal and Executive Summary sections of this Cabinet paper are extracted below in HTML. If you require a full HTML version please contact [email protected] and cite DEV-19-SUB-0345 as a reference.

Cabinet Paper DEV-19-SUB-0345: Reserve Bank Act Review - Proposed Institutional Act Policy Decisions

Proposal

  1. This paper seeks agreement to the policy issues arising out of Phase 2 of the Reserve Bank Act Review (the Review) relating to the institutional form and governance of the Reserve Bank (the Bank). The decisions will be enacted in a new Institutional Act for the Bank. Decisions are sought now to allow for drafting instructions to be issued in late 2019.
  2. One of the aims of the Review is to provide a robust and fit for purpose governance and accountability framework for the Bank, while maintaining the Bank’s operational independence.

 

[Extract ends]

Last updated: 
Wednesday, 18 December 2019