Official Information requests

Responses to Official Information requests are published in order to improve public transparency and provide an additional resource for anyone seeking information.

The Reserve Bank will publish responses to requests from regulated entities, industry bodies, and news media organisations. Responses to idiosyncratic requests from private individuals are unlikely to be published unless there is broad public interest in the subject matter. Publication will coincide with or follow soon after release to the requester. The Reserve Bank reserves the right to decide what responses it publishes and timing of publication.

Published Responses

Date of Response Subject matter
13 April 2017 Risks to borrowers
28 March 2017  Governor appointment process
27 March 2017  Lawyers' trust funds and Open Bank Resolution 
17 March 2017  February 2017 OIA Report 
20 February 2017 Bank responses on investor LVR consultation
20 February 2017 Discontinued currency
20 February 2017 Vehicle spending
20 February 2017 January 2017 OIA report
1 February 2017 Currency withdrawal
14 December 2016 Migration projections
17 October 2016 Advertising spending
3 October 2016 AMI catastrophe reinsurance
22 September 2016 Responses to consultation on publishing submissions
5 September 2016 Responses to consultation on LVR changes
19 August 2016 Portraits of governors
11 August 2016 Impact of LVR restrictions
5 August 2016 Tower insurance licence conditions
3 August 2016 OCR leak investigation report
2 August 2016 Recruitment costs
11 July 2016 Open Bank Resolution regulations
5 July 2016 Staff engagement surveys
1 July 2016 Cost of cleaning contracts
1 July 2016 OCR-leak investigation
8 June 2016 Submissions consultation
11 May 2016  Investigation cost
5 May 2016 Dairy data
19 April 2016 NZ monetary base
13 April 2016 OCR advice to the Governor since 2013
24 March 2016 Reserve Bank governance
26 February 2016 TPPA currency declaration
15 February 2016 Two responses: Charging for responses to OIA requests
28 January 2016 Submissions on the regulatory stocktake
22 January 2016
Information about banks closing money remitters’ accounts
7 December 2015 Correspondence about removing Queen from banknotes
17 November 2015
Formal reviews of or by the Reserve Bank
13 November 2015 Queen on series 7 banknotes
13 November 2015 Cost and objectives for Brighter Money advertising campaign
6 November 2015 Pay TV subscriptions
4 November 2015
Bitcoin
8 October 2015 Information about previous NZ First requests
25 September 2015 Consultants/contractors and recruitment commissions
16 September 2015 Submissions on changes to LVR rules for Auckland investors
2 September 2015 Rural and dairy debt
25 August 2015 Governance Issues
19 August 2015 Developments in Global Dairy Markets and Outlook for WMP Prices
22 July 2015 Memo about 1990/91 Fiscal policy, monetary policy & monetary conditions
25 June 2015 Loan-to-value ratio (LVR) restrictions, proactively released, jointly with the Treasury
12 June 2015 Letters of Expectations from Minister to Governor
3 June 2015 Background papers for March 2005 OCR decision
13 May 2015 Taxation of housing and/or property
13 February 2015 Banknote design process
2 April 2014 Loan-to-value ratio (LVR) restrictions
19 April 2013 Advice on Open Bank Resolution and Deposit Insurance
12 May 2011 Canterbury earthquakes, released jointly with the Treasury
1 November 2010 South Canterbury Finance

Withheld material

Where information has been withheld from a response, the specific section of the Official Information Act that permits the Reserve Bank to withhold information is noted in the relevant documents.

The Reserve Bank Act, the Insurance (Prudential Supervision) Act, and the Non-Bank Deposit Takers Act require us to keep some information confidential. Information will be withheld from release when these laws require confidentiality. This is typically information used by the Reserve Bank when regulating and supervising banks, insurers, finance companies, credit unions, building societies and similar organisations.

Charges for providing Official Information

The Official Information Act allows the Reserve Bank to charge for preparing information that we send in response to requests. When charging for responses to Official Information requests, the Reserve Bank works within the guidelines published by the Ministry of Justice - Official Information Act: Charging for Services. Charges are $38 per half hour of staff time after the first hour, and 20 cents per page for printed or copied material provided in response to a request, after the first 20 pages.

The Reserve Bank is resourced to meet disclosure obligations for a reasonable level of Official Information requests and generally will not impose charges for small, simple or infrequent requests. If requests are made for large amounts of information that require substantial collation and research, the Reserve Bank’s first step is to work with the requester to refine the request to a smaller scale or scope that is less likely to involve charges. Where request is still chargeable and likely to be expensive, we will give the requester further opportunity to refine the scope of the request and thereby reduce or eliminate charges.

Basis for charging

The cost of providing free responses to Official Information requests is generally borne by taxpayers. The Reserve Bank believes that requesters should bear some of the costs when requests are made for very large amounts of information, where a response to a request is particularly complex, or where individuals or organisations make very frequent requests.

Guidelines for charging

Charges will be imposed for responses when preparation of the response involves more than one hour of chargeable collation, research and preparation work. If the Reserve Bank decides that information requested can be made available, but that charges are appropriate, we will formally advise the requester of:

  • our decision to release the information,
  • the estimated amount of proposed charges,
  • the basis for proposed charges, and
  • the requester’s right to seek an Ombudsman’s review of the proposed charges.

Remission of charges

The need to pay charges may be modified or waived at the Reserve Bank’s discretion, if:

  • charges might cause financial hardship for the requester; or
  • releasing the information is likely to contribute significantly to public understanding of the Reserve Bank and its work, and release of the information is not primarily for the benefit or interest of the requester; or
  • if the information already in the public domain in a form which the requester could acquire without substantial cost.