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Local Government Act 2002

Regulations, other Orders in Council, and rules - Regulations

259G: Effect of expiry or revocation of standards incorporated by reference

You could also call this:

“What happens when money rules in the law stop working”

When rules about money are added to the law, they sometimes use other documents to explain things. These documents are called financial reporting standards. If these standards stop working or are cancelled, they don’t automatically stop being part of the law. They only stop being part of the law if new rules say they should stop. This helps make sure that the law doesn’t change suddenly without anyone meaning it to.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4926339.

Topics:
Money and consumer rights > Banking and loans
Government and voting > Local councils
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259F: Proof of standards incorporated by reference, or

“How to prove that official standards are part of the rules”

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259H: Access to standards incorporated by reference, or

“How you can see and read the special rules included in the law”

Part 11 Regulations, other Orders in Council, and rules
Regulations

259GEffect of expiry or revocation of standards incorporated by reference

  1. Financial reporting standards incorporated by reference in regulations made under section 259(1)(dc) that expire or that are revoked or that cease to have effect cease to have legal effect as part of those regulations only if regulations made under that section state that the standards cease to have legal effect.

Notes
  • Section 259G: inserted, on , by section 33 of the Local Government Act 2002 Amendment Act 2012 (2012 No 93).