Plain language law

New Zealand law explained for everyone

Companies Act 1993

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

207ZB: Payment of infringement fee

You could also call this:

“How fines for breaking company rules are paid to the government”

When someone pays an infringement fee, the Registrar must put all of this money into a Crown Bank Account. This means that when you pay a fine for breaking a rule under this part of the Companies Act, the money goes to the government. The Registrar is the person in charge of managing these payments, and they have to make sure all the money goes to the right place.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6042209.

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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”

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

207ZBPayment of infringement fee

  1. The Registrar must pay all infringement fees received into a Crown Bank Account.

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