Plain language law

New Zealand law explained for everyone

Financial Service Providers (Registration and Dispute Resolution) Act 2008

Dispute resolution - Reserve scheme - Appointment of reserve scheme

72: Appointment of reserve scheme

You could also call this:

“The rule about having a backup plan for solving money problems is no longer used”

You should know that the section of the law about appointing a reserve scheme is no longer in effect. This part of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 was removed on 1 July 2014. The government decided to take this section out of the law, so it doesn’t apply anymore.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM1109589.

Topics:
Money and consumer rights > Consumer protection Business > Industry rules
Previous

71: Reserve scheme, or

"The rule about a backup plan for financial services was removed"

Next

72A: Reserve scheme: rules about fees and charges, or

"Removed rule about money for a special service that helped with money problems"

Part 3 Dispute resolution
Reserve scheme: Appointment of reserve scheme

72Appointment of reserve scheme (Repealed)

    Notes
    • Section 72: repealed, on , by section 39 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014 (2014 No 34).