The lawlessness of the Board of the Reserve Bank of New Zealand never ceases to amaze me, Just in recent years, there was clear evidence that the Board simply ignores the requirements of the Public Records Act. There was their facilitation of what was almost certainly an unlawful appointment of an “acting Governor” in the run up to the election (decent outcome in the abstract, but unlawful nonetheless). And, of course, they play fast and loose with the Official Information Act, apparently confident that the Ombudsman is largely toothless. It is all the more extraordinary in that since 2013 the Bank’s Board has had a senior lawyer as a member. I’d not paid much attention to him, not knowing anything about him, but when I finally met him last week – where he told us he “trains judges” – it reignited my interest in just how a…
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