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Reserve Bank of New Zealand (Economic Objective) Amendment Bill

Government Bill
Published date: 21 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.

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.
person
MP in charge
Hon Nicola Willis
confirmation_number Bill No.2-1
account_balance54Parliament
description

Read the bill

Link to NZ Legislation website

Progress of the Bill

  • groups
    Select Committee
Details
today

Assented on 18 Dec 2023

description

Act: Reserve Bank of New Zealand (Economic Objective) Amendment Act 2023

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Royal Assent

The Governor-General formally signs the bill into law.

Resources

  • Member(s) in charge: Hon Nicola Willis
    Type of Bill: Government
    Parliament: 54
    Bill no: 2-1
    Introduction: 11 Dec 2023
    First reading agreed: 12 Dec 2023
    Second reading agreed: 12 Dec 2023
    Committee of the whole House agreed: 12 Dec 2023
    Third reading agreed: 12 Dec 2023
    Royal assent: 18 Dec 2023
    Act: Reserve Bank of New Zealand (Economic Objective) Amendment Act 2023