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Credit Contracts and Consumer Finance Act 2003

Certification and fit and proper person requirements - Issue of certifications

131I: Notice of decision

You could also call this:

"The Commission tells you in writing what they decide about your application."

Illustration for Credit Contracts and Consumer Finance Act 2003

The Commission must give you written notice of their decision if you applied for a certification. They must also give notice to every other person who is supposed to get it. If the Commission says no to your certification or adds a condition, they must tell you why they made that decision, as stated in section 131H. You will get a written notice with the Commission's reasons. The Commission must follow the rules when making decisions, as outlined in section 131H(4). You have the right to know what the Commission decides and why.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS502522.

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Money and consumer rights > Consumer protectionGovernment and voting > Government departments
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131H: Procedural requirements, or

"How the Commission makes decisions about certification"

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131J: Commission must send certification details to Registrar, or

"Commission must share certification details with Registrar"

Part 5ACertification and fit and proper person requirements
Issue of certifications

131INotice of decision

  1. The Commission must give written notice of a decision referred to in section 131H to—

  2. the applicant; and
    1. every other prescribed person.

      1. If the Commission refuses to issue a certification or imposes a condition referred to in section 131H(4), the written notice must include a statement of the Commission’s reasons for exercising the power.

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      Notes
      • Section 131I: inserted, on , by section 50 of the Credit Contracts Legislation Amendment Act 2019 (2019 No 81).