Plain language law

New Zealand law explained for everyone

207W: Auditor's attendance at shareholders' meeting
or “Auditors must be allowed to attend and speak at shareholder meetings”

You could also call this:

“Explaining key terms for financial statement registration rules”

In this part of the law, you’ll find some important words and what they mean. When someone breaks a rule about registering financial statements, it’s called an ‘infringement offence’. If you do this, you might get an ‘infringement notice’. This is a special letter telling you about the problem. The ‘infringement fee’ is the amount of money you have to pay if you get one of these notices. It’s $7,000.

The law says that an infringement offence happens when you don’t follow the rules in section 207G(2) or (3). These rules are about not registering financial statements when you’re supposed to, as mentioned in section 207G(1)(e).

If you get an infringement notice, you can find out more about it in section 207Z.

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Next up: 207Y: Infringement offences

or “How the law deals with people accused of not keeping proper company records”

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Companies Act 1993
Accounting records and financial reporting
207X: Interpretation in this subpart

Part 11 Accounting records and financial reporting
Infringement offence for failing to register financial statements

207XInterpretation in this subpart

In this subpart,—
infringement fee, in relation to an infringement offence, means $7,000
infringement notice means a notice issued under section 207Z
infringement offence means an offence under section 207G(2) or (3) in respect of a failure referred to in section 207G(1)(e) (which relates to failing to register financial statements).