bank.nz is approved

The InternetNZ Council on Friday approved the creation of bank.nz as the 14th second level domain under the .nz top level domain.

I think this is a good thing.

I imagine all NZ banks will over the next year or so move to the bank.nz domain.  This will clearly identify which financial institutes are registered banks and which are not.

And while not a total solution, it will be useful with phishing scams that one can educate people to ignore any URL which is not a bank.nz address.  Of course people can still be fooled, but it will help.

I wonder which bank will be first to register, once it is created?