Plain language law

New Zealand law explained for everyone

Financial Markets Authority Act 2011

General information-gathering and enforcement powers - General information-gathering powers - Power to obtain information, documents, and evidence

28: Witnesses' expenses

You could also call this:

“The FMA might pay you if you're a witness, but not too much”

If you appear as a witness for the Financial Markets Authority (FMA), they might pay you for your expenses. This applies even if you weren’t formally asked to appear using a special notice.

The FMA decides if they want to pay you and how much. However, they can’t pay you more than what you’d get if you were a witness for the government in a criminal case. The amount they can pay is set by rules that say how much government witnesses in criminal cases should get.

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 It might be out of date or be missing some parts.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

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3231096.

Topics:
Money and consumer rights > Banking and loans Money and consumer rights > Consumer protection Government and voting > Government departments Business > Industry rules Business > Fair trading
Previous

27: How evidence may be given, or

"Ways you can share information with the FMA"

Next

29: Power to enter and search place, vehicle, or other thing, or

"FMA can allow searches of places and things to find proof of broken financial rules"

Part 3 General information-gathering and enforcement powers
General information-gathering powers: Power to obtain information, documents, and evidence

28Witnesses' expenses

  1. If a person has appeared as a witness (whether or not under a notice under section 25), the FMA may, if it thinks fit, order any sum to be paid to that witness for his or her expenses.

  2. That sum must not exceed the amount that would be payable to the witness if his or her attendance had been as a witness for the Crown in a criminal case in accordance with regulations for the time being in force for the payment of witnesses for the Crown in criminal cases.

Compare