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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Dispute resolution - Financial service provider must be member of dispute resolution scheme

49G: Offence to fail to comply with District Court order

You could also call this:

“Breaking the law if you don't follow a court order about solving problems with customers”

If you are a member of an approved dispute resolution scheme, you need to follow any orders made by the District Court under section 49F. If you know about the order and don’t follow it, or don’t follow it in the way or by the time the order says, you are breaking the law. You could be fined up to $200,000 if you are found guilty of this.

This rule doesn’t apply to some parts of District Court orders mentioned in section 49F(4).

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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=DLM3080338.

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49F: Members of dispute resolution scheme must comply with rules and binding resolutions, or

"Follow the rules and decisions of your dispute resolution group, or the court can make you"

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50: Meaning of approved dispute resolution scheme, or

"What an approved dispute resolution scheme is and how it works"

Part 3 Dispute resolution
Financial service provider must be member of dispute resolution scheme

49GOffence to fail to comply with District Court order

  1. A member of an approved dispute resolution scheme who, knowing that the member is subject to an order made under section 49F, fails to comply with the order, or fails to comply with the order within the time or in the manner required by the order, commits an offence and is liable on conviction to a fine not exceeding $200,000.

  2. Nothing in this section applies to an order or part of an order of the District Court referred to in section 49F(4).

Notes
  • Section 49G: inserted, on , by section 27 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2010 (2010 No 41).
  • Section 49G(1): amended, on , by section 30 of the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2014 (2014 No 34).
  • Section 49G(1): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).
  • Section 49G(2): amended, on , by section 261 of the District Court Act 2016 (2016 No 49).