Financial Service Providers (Registration and Dispute Resolution) Act 2008

Dispute resolution - Approval of dispute resolution schemes - Approval of dispute resolution schemes

51: Application for approval

You could also call this:

“Asking for approval to run a complaint-solving service”

If you are in charge of a dispute resolution scheme, you can ask the Minister to approve it. To do this, you need to send in an application. With your application, you must include the rules about your scheme. You also need to provide any other information that the law says is needed. This information should be about the things mentioned in section 52. If there’s a fee for applying, you need to pay that too. The Minister might ask you to give more information or documents about the rules of your scheme or the other information you provided. This is to help the Minister decide if your scheme should be approved.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109562.


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50: Meaning of approved dispute resolution scheme, or

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52: Mandatory considerations for approval, or

"Things the Minister must think about before saying yes to a new way of solving money problems"

Part 3 Dispute resolution
Approval of dispute resolution schemes: Approval of dispute resolution schemes

51Application for approval

  1. The person responsible for a dispute resolution scheme may apply to the Minister for approval of the scheme.

  2. The applicant must submit the following with the application:

  3. the rules about the scheme:
    1. any other information that is prescribed concerning the considerations outlined in section 52:
      1. the prescribed fee (if any).
        1. The Minister may request the applicant to supply further information or documentation relating to the matters referred to in subsection (2)(a) or (b).