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Financial Service Providers (Registration and Dispute Resolution) Act 2008

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

53: Minister must decide application for approval

You could also call this:

“Minister decides if a complaint-handling system can be used”

When someone asks for approval of a dispute resolution scheme, the Minister has to decide whether to approve or reject it. This is based on an application made under section 51. Before making this decision, the Minister must talk to two other important people: the Minister of Finance and the Minister of Commerce. The Minister can’t make the decision without first discussing it with these two other Ministers.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1109564.

Topics:
Government and voting > Government departments Business > Industry rules
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52: Mandatory considerations for approval, or

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54: Notification and publication of decision, or

"The Minister must tell people about their decision on a dispute resolution scheme"

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

53Minister must decide application for approval

  1. The Minister must decide an application under section 51 by approving it or by rejecting it.

  2. The Minister may only make a decision under subsection (1) after consultation with—

  3. the Minister of Finance; and
    1. the Minister of Commerce.