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Limited Partnerships Act 2008

General - Prohibited and disqualified persons

103F: Appeals from FMA's exercise of power under section 103D or 103E

You could also call this:

"Appealing a decision made by the FMA under sections 103D or 103E"

Illustration for Limited Partnerships Act 2008

If you are unhappy with a decision made by the FMA under section 103D or 103E, you can appeal to the Court. You must do this within 15 working days after the notice is published in the Gazette, or within any further time the Court allows.

When the Court hears your appeal, it can confirm, modify, or reverse the FMA's decision, or make its own decision using the powers the FMA has.

The Court can also use any of the powers the FMA could have used to make a decision about the matter you are appealing. Section 103 explains how to appeal decisions made by the Registrar under section 103D or 103E.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6252162.

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103E: Additional power for Registrar or FMA to prohibit persons from being involved in management of limited partnerships, or

"The government can stop someone from managing a limited partnership if they did something wrong."

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103G: Liability for contravening section 103D or 103E, or

"Breaking rules 103D or 103E makes you personally responsible for the partnership's debts."

Part 2General
Prohibited and disqualified persons

103FAppeals from FMA's exercise of power under section 103D or 103E

  1. A person who is aggrieved by the FMA's exercise of a power under section 103D or 103E may appeal to the Court within 15 working days after the date that the notice is published in the Gazette under section 103D(3) or 103E(2), or within any further time as the Court may allow.

  2. On hearing the appeal, the Court may—

  3. confirm, modify, or reverse the FMA's act or decision or any part of it:
    1. exercise any of the powers that could have been exercised by the FMA in relation to the matter to which the appeal relates.

      1. Section 103 provides for appeals from the Registrar's acts or decisions under section 103D or 103E.

      Compare
      Notes
      • Section 103F: inserted, on , by section 30 of the Limited Partnerships Amendment Act 2014 (2014 No 47).