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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

162: Public notice of last day for making claims

You could also call this:

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

Illustration for Real Estate Agents Act 2008

You need to know when to make a claim against the Real Estate Agents Fidelity Guarantee Fund. The Council of REINZ will tell you the last day to submit a claim. They must announce this date at least twice before it happens. You will get plenty of warning, as the first announcement will be at least three months before the last day. The second announcement will be between 14 days and one month before the last day. This is for any theft that happened before the old Real Estate Agents Act 1976 was replaced, which you can read about on the New Zealand legislation website https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM437937. The Council of REINZ must follow these rules so you know when to make your claim.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152175.

Topics:
Money and consumer rights > Consumer protectionHousing and property > Buying and selling homes
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161: Claims in relation to Real Estate Agents Fidelity Guarantee Fund, or

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

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163: Winding up of Real Estate Agents Fidelity Guarantee Fund, or

"What happens when the Real Estate Agents Fidelity Guarantee Fund is closed"

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

162Public notice of last day for making claims

  1. The Council of REINZ must give public notice of the last date for submitting 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.

  2. The public notice under subsection (1) must be given at least twice before that last date, the first such notice being given not less than 3 months before that date and the second being given not more than 1 month and not less than 14 days before that date.

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