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Radiocommunications Act 1989

Guarantee of management rights to registered managers - Protection of purchasers

59: Purchasers from registered manager or rightholder not affected by notice

You could also call this:

"Buying radio frequencies from approved sellers does not affect you if there's a problem with the sale."

Illustration for Radiocommunications Act 1989

You buy radio frequencies from a registered manager or a rightholder. You do not need to ask about how they got the frequencies. You do not need to worry about how the money is being used, unless there is fraud involved, which means someone is trying to cheat or deceive you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM196981.

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Business > Industry rulesMoney and consumer rights > Consumer protection
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58: Guarantee of management rights, or

"Proof of radio frequency management rights"

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Part 7Guarantee of management rights to registered managers
Protection of purchasers

59Purchasers from registered manager or rightholder not affected by notice

  1. Notwithstanding any rule of law or equity, except in the case of fraud, no person contracting or dealing with or taking or proposing to take a transfer from the manager in relation to any radio frequencies, or from a rightholder in relation to any spectrum licence,—

  2. shall be required—
    1. to inquire into or ascertain the circumstances in or the consideration for which that manager or any previous manager, or, as the case may require, that rightholder or any previous rightholder, is or was registered; or
      1. to see to the application of the purchase money or of any part of it; or
      2. shall be affected by notice, direct or constructive, of any trust or unregistered interest, and the knowledge that any such trust or unregistered interest is in existence shall not of itself be imputed as fraud.

        Notes
        • Section 59: amended, on , by section 54 of the Radiocommunications Amendment Act 2000 (2000 No 8).