The provisions in the bill are intended to help protect society from the damage to New Zealand's financial system and wider economy that could be caused by unexpected external factors, excessive risk taking by the deposit-taking sector, and the unmanaged failures of individual deposit takers.
Passed first reading 27 September 2022, now with the Finance and Expenditure Committee (currently before committee).
Submissions due 10 November 2022
Passed by a majority of 100 votes (110 ayes, 10 noes, 0 abstentions)
|Bill type||Government bill|
|Introduced||22 September 2022|
|First reading||27 September 2022|
|Select Committee||Finance and Expenditure Committee|
|Public submissions due||10 November 2022|
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