Te Tai Ōhanga - The Treasury is seeking views on the funding strategy for the Depositor Compensation Scheme (DCS) that will be established by the Deposit Takers Act 2023. The DCS will compensate up to $100,000 for each depositor per licensed deposit taker .
The Reserve Bank of New Zealand – Te Pūtea Matua has released its first consultation material on implementing the recently enacted Deposit Takers Act 2023 (the Act), with proposals for the Proportionality Framework and for levies to fund the Depositor .
First stage of consultation on Deposit Takers Act implementation launches rbnz.govt.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rbnz.govt.nz Daily Mail and Mail on Sunday newspapers.