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Was the Minister aware prior to appointing David Archer as a reviewer as part of the independent review of New Zealand’s monetary policy response to the Covid-19 pandemic that Mr Archer had previously instigated court action against the Reserve Bank which would have forced the Reserve Bank to review the percentage of employees' total remuneration in setting superannuation and retirement gratuities?

Answered Question 3953 (2026)
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Asked by

Barbara Edmonds

Member for Mana · Labour Party

Question

  • Was the Minister aware prior to appointing David Archer as a reviewer as part of the independent review of New Zealand’s monetary policy response to the Covid-19 pandemic that Mr Archer had previously instigated court action against the Reserve Bank which would have forced the Reserve Bank to review the percentage of employees' total remuneration in setting superannuation and retirement gratuities?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

Yes. The Treasury informed me that David Archer has been involved in past disputes between the Reserve Bank and the Reserve Bank Superannuation and Provident Fund Scheme. The Treasury advised me that there is no material actual or potential conflict of interest between the role of reviewer and Mr Archer’s role as member and trustee of the RBNZ Scheme.