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Deposit Takers Bill

Government Bill
Published date: 08 Feb 2024

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

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.
person
MP in charge
Hon Grant Robertson
groups
confirmation_number Bill No.162-3
account_balance53Parliament

Progress of the Bill

Details
today

Assented on 05 Jul 2023

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Act: Deposit Takers Act 2023

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Royal Assent

The Governor-General formally signs the bill into law.

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