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Permanent Legislative Authority Funding for NZDMO

NZDMO funding for Debt and Related Financial Asset Management is split across four appropriations: the Management of Crown Lending and Crown Bank Accounts (preceding page) and three PLAs. The PLAs are set out below:

Scope of Appropriations

  • Administration of Crown Borrowing PLA - This appropriation is limited to expenses incurred in connection with administering borrowing by the Crown, as authorised by section 61(1) of the Public Finance Act 1989.
  • Administration of Derivative Transactions PLA - This appropriation is limited to expenses incurred in connection with administering derivative transactions of the Crown, as authorised by section 65H(2) of the Public Finance Act 1989.
  • Administration of Investment of Public Money PLA - This appropriation is limited to expenses incurred in connection with administering the investment of public money, as authorised by section 65J(1) of the Public Finance Act 1989.
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