What the official record says
This Act is the Reserve Bank of New Zealand (Covered Bonds) Amendment Act . This Act comes into force on the day after the date on which it receives the Royal assent. This Act amends the Reserve Bank of New Zealand Act 1989 (the ). After section 117(6), insert: Subsections (1)(a) and (2) are subject to . After section 122(9), insert: is subject to . After section 126(3), insert: is subject to . After section 127(4), insert: is subject to . After section 128(2), insert: Subsection (2) is subject to . After section 139, insert: In , unless the context otherwise requires,— , in relation to a covered bond programme, means assets that— are owned by the relevant covered bond SPV; and secure the obligations of that SPV under the covered bond programme means a person that meets the requirements of