Deposit Takers Act 2023

Depositor compensation scheme - Levies for depositor compensation scheme

243: Bank must publish levy advice

You could also call this:

"Banks must put information about fees on their website."

Illustration for Deposit Takers Act 2023

When rules are made about the depositors' compensation scheme, the Bank has to do something. The Bank must put a copy of the levy advice on its website as soon as possible. You can find this information on the Bank's Internet site.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS501879.


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242: Process for developing Bank’s advice, or

"How the Bank develops advice on a levy by talking to people who might be affected"


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244: Effect of failure to comply, or

"What happens if you don't follow the rules"

Part 6Depositor compensation scheme
Levies for depositor compensation scheme

243Bank must publish levy advice

  1. The Bank must, as soon as practicable after regulations are made under this subpart, publish a copy of the levy advice on the Bank’s Internet site.