Banking (Prudential Supervision) Act 1989

If you need more information about this Act, please contact the administering agency: Reserve Bank of New Zealand
68 Exercise of powers under this Part

The powers conferred on the Governor-General, the Minister, and the Bank by this Part shall be exercised for the purposes of—


promoting the maintenance of a sound and efficient financial system; or


avoiding significant damage to the financial system that could result from the failure of a registered bank.

Compare: 1964 No 134 s 38J; 1986 No 131 s 10