AIR+06 Jul 2023

New Zealand:Bank deposits insurance law enacted

| 06 Jul 2023

New Zealand now has a new law insuring bank deposits up to N$100,000 ($62,050). The bill was passed by the country's parliament on 29 June 2023. The new law will cover 93% of all depositors in the country with deposits in banks, credit unions, building societies and finance companies.

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