The Reserve Bank of New Zealand published a statement from Chair Neil Quigley acknowledging it was late in producing responses to some Official Information Act requests (OIAs) relating to former Governor Adrian Orr’s resignation and expressing regret for the delay. The bank attributed the timing to the complexity of the circumstances and the volume of information involved, and said it needed to ensure a comprehensive assessment while also considering the former Governor’s exit agreement and privacy law, including extended consultation and review by senior external counsel. Quigley said that on 5 March he was limited in what he could say about the resignation due to the exit agreement and because details of the next Five-Year Funding Agreement (FYFA) were still being finalised. The bank also needed time to consider and explain to staff the potential implications for staffing levels from a lower level of funding. The bank said it is taking account of feedback on its handling of the OIA requests and is reviewing how to improve response times in future.
Reserve Bank of New Zealand 2025-06-12
Reserve Bank of New Zealand apologises for delays in responding to Official Information Act requests on Adrian Orr’s resignation
The Reserve Bank of New Zealand acknowledged delays in responding to Official Information Act requests about former Governor Adrian Orr’s resignation, citing complexity, volume, privacy laws, and the need for comprehensive assessment. Chair Neil Quigley noted limitations in discussing the resignation due to the exit agreement and ongoing finalization of the next Five-Year Funding Agreement, with the bank reviewing feedback to improve future response times.