Fiscal Implications
35. Implementation of the proposals in the accompanying papers will have implications for the roles and functions of the Ministry of Economic Development, the Securities Commission and the Reserve Bank of New Zealand […]:
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36. […].
37. I propose to report back to Cabinet, prior to the introduction of the first tranche of legislation, with detailed costings of these proposals by 30 November 2007, rather than as part of Budget 2008, and seek any increases in baseline funding for Vote:Commerce at that stage. I also propose that officials consider options for industry or other self funding in that report back.
38. The Minister of Finance will separately report on the funding implications of additional functions for the Reserve Bank associated with its prudential supervision of non-bank deposit takers as part of the proposed July 2007 report back on non-bank deposit takers.
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