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Deposit Takers Act 2023

Miscellaneous - Trans-Tasman co-operation

439: Trans-Tasman co-operation

You could also call this:

"Working with Australia to keep the financial system stable"

Illustration for Deposit Takers Act 2023

When you look at the Deposit Takers Act 2023, you see a part about working with Australia. The Bank must help Australian financial authorities do their jobs and keep the financial system stable in Australia. You also see that the Bank should try not to do things that might hurt Australia's financial system stability, as long as it's reasonably possible.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS475676.

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Part 8Miscellaneous
Trans-Tasman co-operation

439Trans-Tasman co-operation

  1. When performing or exercising functions, powers, or duties under this Act or other prudential legislation, the Bank must—

  2. support Australian financial authorities in meeting their statutory responsibilities relating to prudential regulation and financial system stability in Australia; and
    1. to the extent reasonably practicable, avoid any action that is likely to have a detrimental effect on financial system stability in Australia.

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