This page is about a bill. That means that it's not the law yet, but some people want it to be the law. It could change quickly, and some of the information is just a draft.

Parliament Bill

Parliamentary Service and other parliamentary bodies - Parliamentary Corporation - Functions, duties, and powers

148: No borrowing power

You could also call this:

"The law stops the Parliamentary Corporation from borrowing money."

The Parliamentary Corporation would not be able to borrow money. You need to know that this is a proposed change to the law. This means the Parliamentary Corporation's power to borrow money would be removed if this bill is passed.

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 It might be out of date or be missing some parts.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 9 November 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS803981.

Topics:

Government and voting > Government departmentsMoney and consumer rights > Banking and loans

147: Parliamentary Corporation requires approval of Minister of Finance to undertake certain financial activities, or

"Parliament's money decisions need the Minister of Finance's okay"

149: Membership of Parliamentary Corporation, or

"Who can be part of the Parliamentary Corporation"

Part 6Parliamentary Service and other parliamentary bodies
Parliamentary Corporation: Functions, duties, and powers

148No borrowing power

The Parliamentary Corporation has no power to borrow money.