Deposit Takers Act 2023

Depositor compensation scheme - Levies for depositor compensation scheme

240: Minister must also have regard to statement of funding approach and Bank’s advice

You could also call this:

"The Minister must think about the funding plan and the Bank's advice when making decisions."

Illustration for Deposit Takers Act 2023

When you are looking at how the Minister makes decisions about the depositors compensation scheme, you need to know that they have to think about two important things. The Minister must consider the statement of funding approach before making a recommendation under section 238. They also have to think about the advice given by the Bank under section 241.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS502785.


Previous

239: Minister must also have regard to other levy principles, or

"Minister must consider other important rules when deciding deposit compensation scheme costs."


Next

241: Bank must give advice about levy regulations, or

"Banks must help the Minister by giving advice on new rules before they are made."

Part 6Depositor compensation scheme
Levies for depositor compensation scheme

240Minister must also have regard to statement of funding approach and Bank’s advice

  1. The Minister must, before making a recommendation under section 238, have regard to—

  2. the statement of funding approach; and
    1. the advice given by the Bank under section 241.