|
|
Article: The Reserve Bank of New Zealand Amendment Act 2003.
- Article from:
- The Reserve Bank of New Zealand Bulletin
- Article date:
- March 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Reserve Bank of New Zealand. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In August 2003, the Reserve Bank of New Zealand Amendment Act 2003 was enacted. The Amendment Act represents a continued evolution of the legislative framework in which the Reserve Bank operates. This article provides an overview of the main changes and the motivations behind them.
**********
1 Introduction
The Reserve Bank of New Zealand Amendment Act 2003 amended the Reserve Bank of New Zealand Act 1989, the Act that sets out the Reserve Bank's functions and powers. The Amendment Act represents a continued evolution of New Zealand's central banking framework, with the main changes being to the Reserve Bank's banking supervision powers.
...