Minister:
Minister of Finance
Current Minister:
Hon Nicola Willis
Associate Minister:
Associate Minister of Finance
Current Associate Minister:
Hon David Seymour
Associate Minister:
Associate Minister of Finance
Current Associate Minister:
Hon Chris Bishop
Associate Minister:
Associate Minister of Finance
Current Associate Minister:
Hon Shane Jones
Description:
Responsibilities include managing the government’s balance sheet, its economic and fiscal policy, the Budget process, representing New Zealand’s interests at international financial institutions such as the World Bank and the International Monetary Fund, oversight of the government's regulatory management system, and oversight of New Zealand's main source of residential natural disaster cover.
Department:
The Treasury
Crown entities:
Earthquake Commission
Government Superannuation Fund Authority
Guardians of New Zealand Superannuation
PFA schedule organisations:
New Zealand Government Property Corporation (Schedule 4)
Southern Response Earthquake Services Limited (Schedule 4A)
Other organisations:
Government Superannuation Appeals Board
Community Trusts
Reserve Bank of New Zealand1
Vote:
Vote Finance
Legislation:
The Treasury
Appropriation Acts
Bank of New Zealand Act 1988
Christ Church Cathedral Reinstatement Act 2017
Crown Entities Act 2004 (Part 4)
Crown Forests Assets Act 1989
Crown Retail Deposit Guarantee Scheme Act 2009
Earthquake Commission Act 1993
Finance Acts
Government Superannuation Fund Act 1956
Greater Christchurch Regeneration Act 2016
Income Insurance Scheme (Enabling Development) Act 2022
Imprest Supply Acts
International Finance Agreements Act 1961
KiwiSaver Act 20062
National Provident Fund Restructuring Act 1990
Natural Hazards Insurance Act 2023
New Zealand Government Property Corporation Act 1953
New Zealand Productivity Commission Act 2010
New Zealand Superannuation and Retirement Income Act 2001 (Parts 2 and 3 and Schedule 3)
Overseas Investment Act 2005
Post Office Bank Act 1987
Public Audit Act 2001
Public Finance Act 1989
Rural Banking and Finance Corporation of New Zealand Act 1989
Rural Intermediate Credit Act 1927
Venture Capital Fund Act 2019
Reserve Bank of New Zealand
Banking (Prudential Supervision) Act 1989
Decimal Currency Act 1964
Deposit Takers Act 2023
Insurance (Prudential Supervision) Act 2010
Non-bank Deposit Takers Act 2013
Reserve Bank of New Zealand Act 2021
Department of Internal Affairs
Community Trusts Act 1999
Trustee Banks Restructuring Act Repeal Act 1999
1 The Reserve Bank is a category of State Sector agency in its own right.
2 Overall responsibility for the administration of the KiwiSaver Act 2006 lies with the Revenue portfolio. The Minister of Finance and the Minister of Commerce and Consumer Affairs are jointly responsible for the appointment of default KiwiSaver providers under section 177 of the Act.
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