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Had the Chair of the Financial Market Authority not resigned, would the Minister have sacked him? and 1 other question

Answered 18726, 18727 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Questions

  • 18726

    Had the Chair of the Financial Market Authority not resigned, would the Minister have sacked him?

  • 18727

    Following the 23 March 2026 report of Wendy Alfred KC into the Chair of the Financial Market Authority, would the Minister have fired Mr Stobo if he had not resigned?

Answered by

Cameron Brewer

Member for Upper Harbour · National Party · Minister of Commerce and Consumer Affairs

Answer

Under the Crown Entities Act 2004, the Governor-General may remove a member of an independent Crown entity from office for just cause. The Minister may only recommend this to the Governor-General after consultation with the Attorney-General.