New Zealand Legislation: Acts
Acts are laws made by Parliament
Where the Bank gives advice to the Minister under any provision of this Act and the Governor considers that giving effect to that advice would, or would be likely to, affect the monetary policy of the Bank, the Governor shall advise the Minister of—
(a) the effect, or likely effects, on monetary policy; and
(b) any action that may be taken by the Bank in implementing the Bank's monetary policy if effect is given to that advice.