You are looking at a law called the Motor Vehicle Sales Act 2003. This law has a part that says if a previous law is repealed, people who are members of an institute will still be members. The part of the law you are looking at was repealed on 24 October 2019 by section 85 of the Statutes Amendment Act 2019.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM188970.
