2026-02-06

Banking (Budget Amendment) Act 2025

The Parliament of the Republic of Fiji enacted the Banking (Budget Amendment) Act 2025 to amend Section 67 of the Banking Act 1995. The legislation requires licensed financial institutions to publish statements of all payable accounts on their official websites and maintain them for at least 20 years with prior Reserve Bank approval for removal. Additionally, institutions must publish notices in the Gazette and daily newspapers within 60 days after each financial year to inform the public about access to these online statements.

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113 TO AMEND THE BANKING ACT 1995 ENACTED by the Parliament of the Republic of Fiji— Short title and commencement 1.—(1) This Act may be cited as the Banking (Budget Amendment) Act 2025. (2) This Act comes into force on 30 September 2025. Section 67 amended 2. Section 67 of the Banking Act 1995 is amended by— (a) in subsection (1), deleting “in the Gazette and in a daily newspaper published and circulating in Fiji a statement showing all accounts payable by the” and substituting “on the official website of the licensed financial institution a statement showing all accounts payable by the licensed”; and (b) after subsection (1), inserting the following new subsections— “(1A) Notwithstanding subsection (1), within 60 days after the end of each financial year, the licensed financial institution must publish in the Gazette and in a daily newspaper published and circulating in Fiji a notice to provide for information on access to the statement published in subsection (1). ACT NO. 21 OF 2025 I assent. R. N. T. LALABALAVU President [21 July 2025] AN ACT

114 Banking (Budget Amendment)—21 of 2025 (1B) A statement published under subsection (1) must be available on the official website of the licensed financial institution for a period of 20 years or more as the case may be, and must not be removed from the official website of the licensed financial institution without the prior approval of the Reserve Bank.”. Passed by the Parliament of the Republic of Fiji this 18th day of July 2025. Price: 24c STAR PRINTERY PTE LTD, (Government Printer), Suva, Fiji – 2025 21/Z/25—170 Official Printer Since 2022