Legislation

Amendments  to  the  Central  Banking  Act  2000 

The  Central  Banking  Act  2000  was amended in December 2021 in Phase 1 of the Review of the Central Bank.  These amendments redefined the governance structures of the Central Bank, including the roles and functions of the Governor and Board, formulation and implementation of the Monetary Policy, financing arrangements and in particular the Temporary Advance Facility (TAF) financing in national emergencies.  The amendments also aim to improve independence, accountability and transparency in the Bank’s operations.  The Bank’s objectives have also been widened to include emphasis on economic growth and employment creation.

Phase 2 of the Review covering the broader areas of the financial sector development, Board Monetary Policy Committee, payments system and other related matters will be undertaken next.

Savings and Loan Societies (Amendment) Act 1995

About the Savings & Loan Societies (Amendment) Act 1995

Life Insurance Act (Amendment)

Being an Act to amend the Life Insurance Act 2000.

Life Insurance Act 2000

Being an Act to make provision for the licensing, regulation and supervision of companies involved in life insurance business and the activity of life insurance agents, to amend various acts and for related purposes.

Superannuation (General Provisions) Act 2000

An Act which makes provision for the licensing, regulation and supervision of superannuation funds, trustees, investment managers and fund administrators, the imposition of mandatory contributions to superannuation funds and to amend various Acts and for related purposes.

Superannuation (General Provisions) Amendment Act 2002

An Act to amend the Superannuation (General Provisions) Act 2000.

Banks & Financial Institutions Act

Information about the Banks & Finanancial Institutions Act, which makes provision for the licensing and regulation of banks and licensed financial institutions amend various Acts and for related purposes.

National Payments System Act 2013

Being an act to establish National Payments System and to empower the Central Bank to regulate and oversee the National Payments System and for related puropses

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