Designation of payment systems - new Part VC of the Reserve Bank of New Zealand Act 1989

Release date
01/03/2004
Reference
Vol. 67. No. 1. March 2004
Author
Loretta DeSourdy
This article looks at the new VC of the Reserve Bank of New Zealand Act, which deals with the designation of payment systems. It briefly describes payment systems and looks at why legislation designating them was required. The article then looks at the details of the legislative framework.