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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

207Z: Infringement notices

You could also call this:

“Understanding and withdrawing notices for company rule breaches”

The Registrar can give you an infringement notice if they think you are breaking, or have broken, certain rules. This is called an infringement offence.

If the Registrar gives you an infringement notice, they can take it back before you pay the fee. They can also take it back before a court orders you to pay a fine or is considered to have ordered you to pay a fine under section 21 of the Summary Proceedings Act 1957.

To take back an infringement notice, the Registrar needs to write to you and tell you that the notice is no longer valid. This is called revoking the notice.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6042207.

Topics:
Business > Industry rules
Business > Fair trading
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207Y: Infringement offences, or

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

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207ZA: Procedural requirements for infringement notices, or

“How you'll be notified and what information you'll receive if you break company record-keeping rules”

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

207ZInfringement notices

  1. The Registrar may issue an infringement notice to a person if the Registrar believes on reasonable grounds that the person is committing, or has committed, an infringement offence.

  2. The Registrar may revoke an infringement notice before the infringement fee is paid, or before an order for payment of a fine is made or deemed to be made by a court under section 21 of the Summary Proceedings Act 1957.

  3. An infringement notice is revoked by giving written notice to the person to whom it was issued that the notice is revoked.

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