Adrian Orr received $410,000 restraint of trade payment

Tuesday 7 October 2025 · 2 outlets · 2 reports · updated Tue 7 Oct 2025, 5:00pm

In this story Nicola Willis, Reserve Bank of New Zealand, Adrian Orr, Neil Quigley, Anna Breman

Finance Minister Nicola Willis stated that former Reserve Bank governor Adrian Orr's $410,000 restraint of trade payment was part of his negotiated contract. The payment followed his resignation in March and included terms barring him from disparaging the Reserve Bank, its directors, or the Finance Minister.

How they headlined it

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1. RNZTue 7 Oct 2025, 1:03pm

   Adrian Orr's $410,000 payout was in his contract, Nicola Willis says (opens in new tab)

2. NewsroomTue 7 Oct 2025, 5:00pm

   Orr what? Ex-Reserve Bank Governor's tenuous restraint of trade payout (opens in new tab)