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Further Provisions of Central Bank Reform Act Commenced
PRACTICE AREA GROUP: Banking and Financial Services
The Minister for Finance has commenced further provisions of the Central Bank Reform Act 2010.
The Order commences the following provisions with effect from 1 January 2011:
- Section 6 - dealing with arrangements for secondment of certain employees
- Section 15 and Part 5 of Schedule 2 amending provisions of the Consumer Protection Act 2007.
As a result of this Order, the only provisions of the Act not yet commenced are those contained in Schedule 1, Part 1, item 39 inserting Section 32B into the Central Bank Act 1942.