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Takeovers Act 1993

Investigation and enforcement - Investigation and enforcement by Panel - Panel's powers for receiving evidence

31L: Who may receive evidence

You could also call this:

"Who can get information for the Takeovers Panel"

Illustration for Takeovers Act 1993

The Panel can receive evidence through one of its members, officers, or employees, or through two or more of them. You need to know that if someone is asked to give evidence under section 31N and they want to give it at a Panel meeting, the evidence must be received at the meeting. The meeting to receive this evidence cannot be held in a certain way, as described in clause 8(b) of Schedule 5 of the Crown Entities Act 2004, unless the person giving evidence agrees to it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326139.

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Part 3Investigation and enforcement
Investigation and enforcement by Panel: Panel's powers for receiving evidence

31LWho may receive evidence

  1. The Panel may receive evidence through a member, officer, or employee of the Panel, or any 2 or more of them.

  2. However, if a person who is summoned to give evidence under section 31N requests that the evidence be received at a meeting of the Panel, then—

  3. subsection (1) does not apply, and the evidence must be received at a meeting of the Panel; and
    1. the meeting must not be held by a method under clause 8(b) of Schedule 5 of the Crown Entities Act 2004 except with the consent of the person summoned.

      Notes
      • Section 31L: replaced, on , by section 9 of the Takeovers Amendment Act 2006 (2006 No 48).