Friendly Societies and Credit Unions (Regulatory Improvements) Amendment Bill

About this bill

The bill amends the Friendly Societies and Credit Unions Act 1982, and is intended to remove unnecessary operating and compliance costs, promote greater efficiency, innovation, and accountability, bring credit unions into alignment with other financial service providers in New Zealand, and maintain the element of mutuality and the requirement of a common bond between members.

Current status

Royal Assent given 04 July 2018.
Enacted as the Friendly Societies and Credit Unions (Regulatory Improvements) Amendment Act 2018 (2018/17)

Member of Parliament responsible

Stuart Smith

Bill type

Member's bill


All data
Bill type Member's bill
Parliament 52
Ref 253-2
Introduced 13 April 2017
First reading 7 June 2017
Select Committee Finance and Expenditure Committee
Public submissions due 20 July 2017
Select Committee report back 4 May 2018
Second reading 16 May 2018
Committee of the whole House 13 June 2018
Third reading 27 June 2018
Royal Assent 4 July 2018
Enacted as Friendly Societies and Credit Unions (Regulatory Improvements) Amendment Act 2018 (2018/17)
Divided No

Where are the votes?

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About this page

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