Insurance administration role on the North Shore
Quotemonster Chatswood Team

Legal and regulatory update for the life and health insurance sector

31 Mar 2021 – RBNZ announced that it is easing the dividend restrictions placed on retail banks at the height of the COVID-19 pandemic, allowing banks to pay up to a maximum of 50% of their earnings as dividends to their shareholders. The 50% dividend restriction will remain in place until 1 July 2022, at which point the Reserve Bank intends to normalise the dividend settings by removing the restrictions entirely (subject to no significant worsening in economic conditions). https://www.rbnz.govt.nz/news/2021/03/reserve-bank-retains-some-dividend-restrictions-and-expects-banks-to-be-prudent

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