Deposit Takers Act 2023

2: Commencement

You could also call this:

"When the Deposit Takers Act 2023 starts"

Illustration for Deposit Takers Act 2023

You need to know when parts of the Deposit Takers Act 2023 start. Some parts started on 7 July 2023. These include Subpart 2 of Part 3, sections 238 to 244, subpart 7 of Part 6, and subpart 5 of Part 8. You will find out when the rest of the Act starts from an Order in Council. Some parts will start on 1 April 2025 and some on 1 July 2025. If a part has not started by 6 July 2029, it will start then. An Order in Council is a type of law that is made by the government. To learn more about Orders in Council, you can look at the Legislation Act 2019, which you can find at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7298343. This Act explains how laws are made and published in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS469452.

This page was last updated on 9 February 2026 — View changes

Topics:

Money and consumer rights > Banking and loansGovernment and voting > Government departments

1: Title, or

"What the Deposit Takers Act 2023 is called"

3: Purposes, or

"What the Deposit Takers Act 2023 is trying to achieve to help keep New Zealand's financial system safe and stable."

2Commencement

Subpart 2 of Part 3, sections 238 to 244, subpart 7 of Part 6, and subpart 5 of Part 8 come into force on 7 July 2023.

The rest of this Act comes into force on a date or dates set by Order in Council.

The following table is large in size and has 3 columns that are grouped under the heading Provisions commenced by Order in Council.
Provisions commenced by Order in Council
Provisions	Commencement date	Order in Council
Part 1, other than section 8; section 8 (but only for the purpose of giving effect to clauses 7 and 22 of Schedule 1); sections 98 to 100; subpart 9 of Part 4; subpart 4 of Part 5; subpart 6 of Part 5; sections 190, 191, and 195; subparts 3 and 4 of Part 8; sections 474, 475, and 479(3); section 495(1) (but only for the purpose of giving effect to items relating to new section 49(2)(d) of the Reserve Bank of New Zealand Act 2021 and new section 31(3)(ea) of the Russia Sanctions Act 2022)	1 April 2025	Clause 2(1) of the Deposit Takers Act Commencement Order 2025
Section 8 (but only for the purpose of giving effect to clauses 1 to 6, 15, and 17 of Schedule 1); subparts 2, 3, and 5 of Part 5; sections 192 to 194; subparts 2 to 5 of Part 6; sections 235 to 237; subparts 8 to 10 of Part 6; sections 484, 487, 490 to 492, and 494; section 495 (but only for the purpose of giving effect to items relating to new section 286(1)(j) of the Companies Act 1993; new section 248(2A) of the Reserve Bank of New Zealand Act 2021; and Financial Markets Conduct Regulation 2014)	1 July 2025	Clause 2(2) of the Deposit Takers Act Commencement Order 2025
This note is not part of the Act.

Any part of the Act that has not come into force by 6 July 2029 comes into force then.
An Order in Council made under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes

Section 2(1): editorial change made by the PCO, on 21 May 2025, under sections 86(1) and 87(m) of the Legislation Act 2019 (2019 No 58).
Section 2(3): editorial change made by the PCO, on 21 May 2025, under sections 86(1) and 87(m) of the Legislation Act 2019 (2019 No 58).