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Companies Act 1993

Voluntary administration - Set-off and netting agreements

239AEO: Effect of declaration of person as recognised clearing house under section 310K

You could also call this:

“Recognising a clearing house applies rules from other sections”

If someone is declared a recognised clearing house under section 310K, they are also considered a recognised clearing house for sections 239AEI to 239AEP. This means that the rules in those sections apply to them too. It’s like getting a special badge that makes you part of a specific group, and that badge lets you follow certain rules.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321656.

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Part 15A Voluntary administration
Set-off and netting agreements

239AEOEffect of declaration of person as recognised clearing house under section 310K

  1. A person who is declared a recognised clearing house under section 310K is deemed to be a recognised clearing house for the purposes of sections 239AEI to 239AEP also.

Notes
  • Section 239AEO: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).