Plain language law

New Zealand law explained for everyone

Companies Act 1993

Miscellaneous

409: Review of sections 404 to 408 and levies

You could also call this:

“Minister must review sections and fees within 5 years and publish findings”

The Minister must check how sections 404 to 408 are working and look at the fees set by rules made under section 405. They need to do this within 5 years after the first rules about fees are made.

After the Minister has done this check, the chief executive has to make sure that everyone can read about what they found. They will put this information on a website that the chief executive runs or has someone run for them.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS791488.

Topics:
Business > Industry rules
Business > Fair trading
Previous

408: Minister must consult, or

“Minister must discuss proposed fees with affected groups before making new rules”

Next

Schedule 1AA: Transitional, savings, and related provisions, or

“Rules for managing changes to the Companies Act”

Part 22 Miscellaneous

409Review of sections 404 to 408 and levies

  1. The Minister must, not later than 5 years after the date on which the first regulations are made under section 405, review the operation of sections 404 to 408 and the levies imposed by regulations made under section 405.

  2. The chief executive must ensure that the report resulting from review carried out under subsection (1) is available to the public on an Internet site maintained by or on behalf of the chief executive.

Notes
  • Section 409: inserted, on , by section 4 of the Companies (Levies) Amendment Act 2022 (2022 No 70).