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Financial Service Providers (Registration and Dispute Resolution) Act 2008

2: Commencement

You could also call this:

"When this law starts working and how it's decided"

This law explains when different parts of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 start to work.

Part 2 and section 48 of the Act will start on a date chosen by the Governor-General. They can choose different start dates for different parts of the Act. They can also choose different start dates for different types of financial services or financial service providers.

The rest of the Act starts working the day after it gets the Royal assent. Royal assent is when the Queen or her representative approves the law.

If the Governor-General makes an order about when parts of the Act start, that order is called secondary legislation. This means it follows special rules about how it's published, which you can find in Part 3 of the Legislation Act 2019.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109431.

Topics:
Business > Industry rulesMoney and consumer rights > Banking and loans
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1: Title, or

"What this law is called"

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2A: Purposes of this Act, or

"This law aims to make money-related activities safe, fair, and easy to understand for everyone"

2Commencement

  1. Part 2 and section 48 come into force on a date to be appointed by the Governor-General by Order in Council; and 1 or more orders may be made that do either or both of the following:

  2. bring different provisions into force on different dates:
    1. bring provisions into force on different dates in respect of different types of financial service or financial service provider.

      1. The rest of this Act comes into force on the day after the date on which it receives the Royal assent.

      2. An order under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

      Notes
      • Section 2(1)(a): Part 2 (except subpart 1) and section 48 brought into force, on , by clause 2 of the Financial Service Providers (Registration and Dispute Resolution) Act Commencement Order 2010 (SR 2010/231).
      • Section 2(1)(b): subpart 1 of Part 2 brought into force (in respect of financial services other than financial adviser services), on , by clause 3 of the Financial Service Providers (Registration and Dispute Resolution) Act Commencement Order 2010 (SR 2010/231).
      • Section 2(1)(b): subpart 1 of Part 2 brought into force (in respect of financial adviser services), on , by clause 4 of the Financial Service Providers (Registration and Dispute Resolution) Act Commencement Order 2010 (SR 2010/231).
      • Section 2(1): replaced, on , by section 5 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
      • Section 2(3): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).