Credit Union Restructuring Board (Dissolution) Bill 2019

Public bill · Government · Presented

A 2019 finance measure that winds up the Credit Union Restructuring Board, moves any remaining useful powers and responsibilities to the Minister for Finance, and tidies up related rules in the 2012 credit union law and other legislation. It also transfers the board’s property, records, rights, liabilities, and remaining funds to the Minister, while making sure existing legal matters, levies, and support arrangements can continue without interruption. The change matters because it closes down an old restructuring body and keeps credit union oversight and payments administration working smoothly under the Department of Finance.

Formal long title

Bill entitled an Act to provide for the dissolution of the Credit Union Restructuring Board; to transfer certain functions of the Credit Union Restructuring Board to the Minister for Finance; to amend the Credit Union and Co-operation with Overseas Regulators Act 2012; to provide for the consequential amendment of other enactments; and to provide for matters connected therewith.

Last updated 16 December 2020