Electoral Act 1993

Loans - General provisions relating to loans

212: Interpretation

You could also call this:

"What words mean in the Electoral Act"

Illustration for Electoral Act 1993

When you read about loans in the Electoral Act, you need to know what some words mean. A "late period" is when someone files a return after the due date, and it lasts for 15 working days. You are in a late period if you file late.

A "lender" is someone who gives you a loan. A "loan" is when someone lends you money, and you agree to pay it back. This can be in writing or just an agreement you make with someone.

If you are a candidate, a loan is money someone lends you for your election campaign. But if a registered lender lends you money at a normal interest rate, that is not a loan. If you are a party, a loan is also money someone lends you, but not if a registered bank lends it to you at a normal interest rate.

The "loan amount" is how much money you borrow. It can also be the most you might owe at any one time if you can borrow more later.

A "registered bank" is a bank that is defined in the Banking (Prudential Supervision) Act 1989. A "registered lender" is someone who lends money and is registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM310315.


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"This law applies to party secretaries and candidates who get loans."


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Part 6BLoans
General provisions relating to loans

212Interpretation

  1. In this Part,—

    late period, in relation to the filing of a return, means the period commencing on the day after the date on which the return is required to be filed and ending on the day that is 15 working days later

      lender, in relation to a loan, means the person providing the loan

        loan,—

        1. to a candidate,—
          1. means a written or an oral agreement or arrangement under which a lender lends money or agrees to lend money at specified dates or on request or on the occurrence of a particular event for use in the candidate’s campaign for election; but
            1. does not include any money lent by a registered lender at a commercial interest rate:
            2. to a party,—
              1. means a written or an oral agreement or arrangement under which a lender lends money or agrees to lend money at specified dates or on request or on the occurrence of a particular event; but
                1. does not include any money lent by a registered bank at a commercial interest rate

                loan amount means—

                1. the amount of money lent by the lender under the loan; or
                  1. where any money may be lent under the loan in the future, the maximum amount that may be owed at any one time; or
                    1. the total of the amounts in paragraphs (a) and (b), in any case where the lender has provided, and may in the future provide, money under the loan

                      registered bank has the same meaning as in section 2(1) of the Banking (Prudential Supervision) Act 1989

                        registered lender means a lender who is registered as a financial service provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

                        Notes
                        • Section 212: inserted, on , by section 41 of the Electoral Amendment Act 2014 (2014 No 8).
                        • Section 212 late period: inserted, on , by section 10(2) of the Electoral Amendment Act 2022 (2022 No 80).
                        • Section 212 loan: replaced, on , by section 10(1) of the Electoral Amendment Act 2022 (2022 No 80).
                        • Section 212 registered bank: amended, on , by section 300(1) of the Reserve Bank of New Zealand Act 2021 (2021 No 31).
                        • Section 212 registered lender: inserted, on , by section 10(2) of the Electoral Amendment Act 2022 (2022 No 80).