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New Zealand law explained for everyone

Companies Act 1993

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

207Y: Infringement offences

You could also call this:

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

If someone is accused of breaking this law, there are two ways they can be dealt with. The first way is that a charging document can be filed against them under section 14 of the Criminal Procedure Act 2011. The second way is that they can be given an infringement notice as explained in section 207Z.

If the first way is chosen and a charging document is filed, the people starting the case don’t need to get special permission from a District Court Judge or Registrar. This is different from what’s usually required under section 21(1)(a) of the Summary Proceedings Act 1957.

These rules are about how to handle situations when someone might have broken the law related to keeping proper business records and financial reports for companies in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6042206.

Topics:
Business > Industry rules
Business > Fair trading
Crime and justice > Criminal law
Crime and justice > Courts and legal help
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207X: Interpretation in this subpart, or

“Explaining key terms for financial statement registration rules”

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207Z: Infringement notices, or

“Understanding and withdrawing notices for company rule breaches”

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

207YInfringement offences

  1. If a person is alleged to have committed an infringement offence, that person may—

  2. be proceeded against by filing a charging document under section 14 of the Criminal Procedure Act 2011; or
    1. be served with an infringement notice as provided in section 207Z.

      1. Proceedings commenced in the way described in subsection (1)(a) do not require leave of a District Court Judge or Registrar under section 21(1)(a) of the Summary Proceedings Act 1957.

      Notes
      • Section 207Y: inserted, on , by section 30 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).