The new funding agreement will see the bank's core operating expenditure profile—which excludes the cost of issuing bank notes and coins—increased from $69 million in 2019-20 to $111 million in 2021, and $118 million in the final year of 2024-25. The bulk of this increased spending will focus on expanding and enhancing the bank's core activities, particularly investing in financial, supervisory, and enforcement capability, as recommended by the International Monetary Fund's 2017 financial sector assessment programme review. Spending will also be directed towards the bank's day to day operations and investing in the upkeep of its assets. This includes modernising the technology infrastructure and keeping security architecture up to date, designing a suitable vaulting and distribution system for cash, and expanding the bank's reach to stakeholders in Auckland. The spending will also cover preparations for changes to the bank's governing legislation. The bank's future legislation will bring a number of changes to how it operates and significantly enhance the bank's policy frameworks and governance settings. 