PRA has published a Policy Statement on conducting statutory investigations. The policy explains:

  • when PRA is required to undertake these investigations;
  • its objectives and when these trigger the requirement for it to investigate regulatory failure;
  • how it will conduct investigations;
  • when PRA may postpone or suspend investigations; and
  • the involvement of Treasury in matters of public interest and Treasury’s powers to give directions to PRA.

(Source: PRA Policy Statement: Conducting Statutory Investigations)