Regulatory systems and regulatory stewardship
The Treasury is responsible for the strategic leadership and co-ordination of the regulatory management system that spans the whole public service. In addition, the Treasury is a lead agency in several regulatory systems - based on the key legislation we administer – and collaborates on stewardship of systems led by other agencies.
Regulatory systems have a major impact on the living standards of all New Zealanders. They protect the community from harm as well as create opportunities for investment and innovation. Regulatory stewardship aims to keep regulatory systems fit for purpose by adapting them to changing circumstances.
The Treasury is the lead agency for the following systems:
- The Overseas Investment regulatory system
- Earthquake Commission regulatory system
- The Reserve Bank's institutional regime
- Public Finance System
- Regulatory Management System
The Treasury participates in the following systems:
- Revenue raising and collection (lead: IRD)
- Financial markets conduct system (lead: MBIE)
- Competition system (lead: MBIE)