Takeovers Act 1993

Investigation and enforcement - Investigation and enforcement by Panel - Panel's powers of inspection

31BA: Limits on exercise of power to inspect documents

You could also call this:

"Rules for Checking Documents"

The Panel can only inspect documents under section 31A, or ask someone else to do it under section 31B, if it is for a specific purpose. You can find these purposes in the Takeovers Act 1993. The Panel must consider if the inspection is really necessary before they do it. They think about whether they can get the information from somewhere else. The Panel can also inspect documents to help an overseas regulator, as stated in section 31P.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM325897.

This page was last updated on 12 December 2025 — View changes

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31B: Power to request or approve Registrar or authorised person to inspect documents, or

"The Panel can ask to look at documents to check if rules are being followed."

31BB: Requirements for persons authorised to inspect documents, or

"Who can look at important documents and what they need to show"

Part 3Investigation and enforcement
Investigation and enforcement by Panel: Panel's powers of inspection

31BALimits on exercise of power to inspect documents

The Panel may only carry out an inspection under section 31A, or request or approve the Registrar or any other person under section 31B to carry out an inspection, if—
the inspection is for the purposes of—
1. this Act:
2. complying with the request of an overseas regulator under section 31P or otherwise co-operating with an overseas regulator; and
the Panel first considers, along with any other relevant matters, any matters relating to the necessity or expediency of carrying out an inspection (for example, whether it is practicable to obtain the information from other sources or by other means in the time available).

Notes

Section 31BA: inserted, on 1 December 2002, by section 22 of the Takeovers Amendment Act 2002 (2002 No 45).