Budget 2026 1 mins to read Govt announces new levy on financial firms to help fund RBNZ Finance Minister Nicola Willis says the change is expected to save the government $209m over four years. Nicholas Pointon Thu, 28 May 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. The government is shifting its responsibility of funding the Reserve Bank’s regulatory functions onto the financial sector. It has today announced a new prudential levy
on banks, non-bank deposit takers, insurers, and financial market infrastructure providers as part of the 2026 budget to cover Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5 per user – Pay by monthly credit card debit Premium Group Membership 20 Users NZ$660+GST /
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May 2026 Contact the Writer: nicholas@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Budget 2026 Nicola Willis Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Related News July rate hike builds momentum as inflation lingers
Budget 2026, Nicola Willis, prudential levy, Reserve Bank of New Zealand, RBNZ, banks, non-bank deposit takers, insurers, financial market infrastructure