This bill provides for the objectives and functions of the Reserve Bank and its governance, accountability, transparency, and funding arrangements. This bill also increases coordination between public agencies responsible for the financial system and creates a new framework to better manage the use of New Zealand's foreign exchange reserves.
Passed first reading 08 December 2020, now with the Finance and Expenditure Committee (currently before committee).
Submissions due 04 February 2021
Passed by a majority of 49 votes (84 ayes, 35 noes, 0 abstentions)
|Bill type||Government bill|
|Introduced||28 July 2020|
|First reading||8 December 2020|
|Select Committee||Finance and Expenditure Committee|
|Public submissions due||4 February 2021|
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