Reserve Bank of New Zealand (Economic Objective) Amendment Bill

Government bill

12 December 2023

This Bill amends the Reserve Bank of New Zealand Act 2021 to remove the maximum sustainable employment objective from the economic objectives in the Act, and provide the Reserve Bank with a single economic objective of achieving and maintaining price stability.

Voting method

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

Procedural notes

Urgency used

Urgency was used to progress this bill. This means some of the normal processes may have been skipped or abrogated. Learn more about urgency

  • Introduced on 12 December 2023
  • 1st reading on 12 December 2023
  • 2nd reading on 12 December 2023
  • 3rd reading on 13 December 2023
  • Royal assent on 19 December 2023

Member responsible

Nicola Willis

Nicola Willis

National Party List MP

Votes

1st reading

Passed

12 December 2023

party vote

67Aye
54No
0Abstain
0Absent

2nd reading

Passed

12 December 2023

party vote

67Aye
54No
0Abstain
0Absent

3rd reading

Passed

12 December 2023

party vote

67Aye
54No
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 28 December 2023 at 8:04 am.