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Toil & Trouble
4 mins to read

‘Between a rock and a hard place’: Adrian Orr’s departure

Following the saga over the Reserve Bank Governor’s resignation, an employment lawyer on just what can be said after an employment settlement.

WATCH: Lane Neave partner Fiona McMillan speaks with NBR senior journalist Fiona Rotherham.

Key points
  • What’s at stake: As Reserve Bank chair Neil Quigley found out following the resignation of former Governor Adrian Orr, employment settlements are typically covered by confidentiality clauses that prevent employers saying too much.
  • Background: Quigley has been criticised for the way he handled Orr’s resignation as the original claim that he left for personal reasons was later revealed to involve other causes, leading to a negotiated employment settlement.
  • Key players: Reserve Bank, Neil Quigley, Adrian Orr, Fiona McMillan.

It has gone on for months now – argy bargy over who said what, when, as more is revealed over the abrupt departure in March of former Reserve Bank Governor Adrian Orr.

It was initially painted as his personal decision to leave but it has subsequently emerged that there were concerns about Orr’s

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Fiona Rotherham Tue, 05 Aug 2025
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Key points
  • What’s at stake: As Reserve Bank chair Neil Quigley found out following the resignation of former Governor Adrian Orr, employment settlements are typically covered by confidentiality clauses that prevent employers saying too much.
  • Background: Quigley has been criticised for the way he handled Orr’s resignation as the original claim that he left for personal reasons was later revealed to involve other causes, leading to a negotiated employment settlement.
  • Key players: Reserve Bank, Neil Quigley, Adrian Orr, Fiona McMillan.
‘Between a rock and a hard place’: Adrian Orr’s departure
Toil & Trouble,
110275
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