Reserve Bank of New Zealand Bill

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 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.