Introduced on Sept 22. The bill follows on from the review of the Reserve Bank Act and reforms parts of the law including regime for the registering and monitoring for deposit takers. Also introduces the Depositor Compensation Scheme which provides each eligible depositor up to $100,000 for their covered deposits at each deposit-taking institution. First reading on Sept 27 with just Act opposed and sent to the finance and expenditure committee.

Deposit Takers Bill