RBNZ Says Former Governor Orr to Get Non-Compete Payment

New Zealand’s central bank said former governor Adrian Orr will be paid a total of NZ$1.18 million ($690,000) for the nine months through March, when he resigned.

Orr’s total remuneration for the period July 1 through March 31 was NZ$766,180 and he will also receive a restraint-of-trade payment of NZ$416,120, the Reserve Bank said in its 2025 Annual Report Monday in Wellington. The restraint-of-trade, or non-compete payment is due to be made this month, conditional on the terms being met, it said.