Reserve Bank of New Zealand (Monetary Policy) Amendment Bill

Government bill

23 July 2018

The main objectives of this bill are to amend the objectives of monetary policy to require consideration of maximum sustainable employment alongside price stability in monetary policy decision making, and to institute a monetary policy committee to make decisions on monetary policy.

Voting method

Party voting: Parties decided whether or not to support this bill and cast votes on behalf of all their MPs.

Procedural notes

Extended sittings used

Extended sittings were used to progress this bill. Learn more about extended sittings

  • Introduced on 23 July 2018
  • 1st reading on 26 July 2018
  • 2nd reading on 4 December 2018
  • 3rd reading on 18 December 2018
  • Royal assent on 20 December 2018

Member responsible

Grant Robertson

Grant Robertson

Former Labour Party List MP

Votes

1st reading

Passed

26 July 2018

party vote

63Aye
57No
0Abstain
0Absent

2nd reading

Passed

4 December 2018

party vote

63Aye
56No
0Abstain
1Absent

3rd reading

Passed

18 December 2018

party vote

63Aye
57No
0Abstain
0Absent

Only reading votes are shown here; these votes determine whether the Bill progresses through Parliament. Other votes, such as votes on whether to amend parts of the Bill, can be seen in Hansard.

Bill details last synced on 23 March 2023 at 12:00 am.