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New Zealand Gazette – 2008 – No. 173

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✨ Banking Regulation Amendment

NEW ZEALAND GAZETTE, No. 173

10 NOVEMBER 2008

Registered Bank Disclosure Statement

(Off-Quarter—New Zealand Incorporated Registered Banks) Order 2008

(Government Guarantee) Amendment Order 2008

ANAND SATYANAND, Governor-General

Order in Council

At Wellington this 4th day of November 2008

Present:

His Excellency the Governor-General in Council

Pursuant to section 81 of the Reserve Bank of New Zealand Act 1989, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council and on the advice of the Minister of Finance given in accordance with a recommendation of the Reserve Bank of New Zealand, makes the following order.

Order

1 Title

This order is the Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2008 (Government Guarantee) Amendment Order 2008.

2 Commencement

This order comes into force on 17 November 2008.

3 Principal order amended

This order amends the Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2008.

4 Interpretation

(1) This clause amends clause 4(1).

(2) After the definition of “generally accepted accounting practice” insert:

“government guarantee means a guarantee of all or some of a registered bank’s obligations, or a similar arrangement, provided—

(a) under the New Zealand deposit guarantee scheme;

(b) under another guarantee or similar arrangement provided by the New Zealand government; or

(3) After the definition of “material” insert:

“New Zealand deposit guarantee scheme means the deposit guarantee scheme announced by or on behalf of the Crown on and after 12 October 2008 relating to guarantees to be given by the Minister of Finance on behalf of the Crown in respect of certain financial institutions under section 65ZD of the Public Finance Act 1989”

Gazette.govt.nz — NZ Gazette 2008, No 173

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✨ LLM interpretation of page content

💰 Registered Bank Disclosure Statement Amendment Order

Domain💰 Finance & Revenue
Dated4 November 2008
KeywordsBanking, Disclosure, Amendment Order, Government Guarantee, Reserve Bank
👩‍💼 Officials

Anand Satyanand, Governor-General

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