Interest.co.nz
Green Party’s proposed 0.06% bank levy may spark industry competition, but the big four Australian-owned banks could also slap the bill onto depositors
25/06/2026
“The banking sector is already the biggest taxpaying industry in the country, paying around 22% of all corporate tax. Banks pay their fair share of tax alongside millions of dollars in additional levies to fund regulators. The Government should chase tax avoiders such as digital platforms. For example, last year Google paid only $4.6 million...
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NZ Herald
More than 5000 ‘mule’ bank accounts in NZ; scammers target international students
15/06/2026
More than 5000 New Zealand bank accounts have been used by scammers to transfer stolen funds over the past nine months. According to the New Zealand Banking Association, the accounts are often used to send money overseas where it’s almost impossible to get it back.
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Business Desk
Banks recover $10m in scammed funds with Fraud Intelligence Exchange tech
15/06/2026
“The $10 million recovered from scammers is $10 million that might otherwise have been stolen from everyday New Zealanders, causing a great deal of emotional and financial harm,” he said.
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Banks recover $10 million in scam losses for customers
15/06/2026
Over the last nine months banks have used their new Fraud Intelligence Exchange (FIX) to recover around $10 million in stolen funds for scam victims. FIX also identified nearly 5000 money mule accounts, which are domestic bank accounts used by scammers to transfer stolen funds, either knowingly or unknowingly by the account owner. Mule accounts are...
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Business Desk
Reserve Bank loosens usage of word ‘bank’
04/06/2026
New Zealand Banking Association chief executive Roger Beaumont said it made sense for businesses providing banking services could call themselves banks, provided they were subject to the same high regulatory standards as traditional banks.
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Newsroom
What’s the definition of a ‘bank’? Newbie discovers it’s not so welcome
04/06/2026
That’s so long as they are subject to the same high regulatory standards as traditional banks. This includes regulation that supports the strength of the banking industry through strong prudential and capital requirements, as well as conduct regulation to help ensure banks treat their customers fairly.
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NZ Herald
Reserve Bank gives finance companies and other deposit takers green light to rebrand as ‘banks’ in competition drive
04/06/2026
“Most people know what a ‘bank’ is but may not be clear on what a ‘deposit-taker’ is, so it makes sense that businesses providing banking services call themselves banks so long as they are subject to the same high regulatory standards as traditional banks,” Beaumont said.
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RNZ
Banking Association responds to new tax on banks
29/05/2026
Nicola Willis announced a new banking levy to raise $200m over four years and pay for regulation of the banks. Roger Beaumont is the CEO of the Banking Association and spoke to Guyon Espiner.
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Interest.co.nz
‘I would be very disappointed’ if banks passed costs of a new prudential levy onto their customers, Finance Minister Nicola Willis says
29/05/2026
New Zealand Banking Association chief executive Roger Beaumont said: “Banks understand the need for appropriate funding for regulators.”
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NZ Herald
Budget 2026: Consumer NZ warns new finance sector levy could raise costs for customers
28/05/2026
“Banks will engage constructively with the Reserve Bank in the consultation process to help make the levy appropriate, effective, and well targeted,” Beaumont said.
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