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Real Estate Agents Act 2008

Miscellaneous provisions - Provisions relating to repeal of Real Estate Agents Act 1976 - Winding up of Fidelity Guarantee Fund

161: Claims in relation to Real Estate Agents Fidelity Guarantee Fund

You could also call this:

"Claims for stolen money from real estate agents before 2008"

Illustration for Real Estate Agents Act 2008

You cannot make a claim against the Real Estate Agents Fidelity Guarantee Fund for theft that happened on or after the day the Real Estate Agents Act 1976 was repealed. You can make a claim for theft that happened before the Real Estate Agents Act 1976 was repealed, but only if you told the Council of REINZ or the committee of management in writing before the last day for submitting claims. The last day for submitting a claim is 12 months after the Council of REINZ gives a report to the Minister under section 163(1).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152174.

Topics:
Money and consumer rights > Consumer protectionHousing and property > Buying and selling homes
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160: Continuation of certain provisions of Real Estate Agents Act 1976, or

"Some old rules from 1976 still apply to real estate agents until a special fund is closed."

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162: Public notice of last day for making claims, or

"When to Make a Claim Against the Real Estate Agents Fund"

Part 6Miscellaneous provisions
Provisions relating to repeal of Real Estate Agents Act 1976: Winding up of Fidelity Guarantee Fund

161Claims in relation to Real Estate Agents Fidelity Guarantee Fund

  1. No person has any claim against the Real Estate Agents Fidelity Guarantee Fund in relation to any theft committed on or after the date on which the repeal of the Real Estate Agents Act 1976 takes effect.

  2. No person has any claim against the Real Estate Agents Fidelity Guarantee Fund in respect of any theft committed before the date on which the repeal of the Real Estate Agents Act 1976 takes effect unless that person has, on or before the last date for submitting claims, given notice of the claim in writing to the Council of REINZ or to the committee of management appointed under section 74(1) of the Real Estate Agents Act 1976.

  3. The last date for submitting a claim is the last day of the period of 12 months beginning with the date on which a report under section 163(1) is submitted by the Council of REINZ to the Minister.

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