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Takeovers Act 1993

Investigation and enforcement - Enforcement by court - Overview of enforcement powers and civil remedies

33E: Overview of enforcement powers and civil remedies

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"What happens if someone breaks the takeovers rules?"

Illustration for Takeovers Act 1993

You can get several types of orders and remedies if someone breaks the takeovers code. These include an injunction, a civil remedy order under section 33I, a compensatory order, and a pecuniary penalty order. You can find the definition of breaking the takeovers code in section 2(2). This section gives you a general idea of what this part of the law is about. It is a guide only and does not cover everything.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326308.

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Part 3Investigation and enforcement
Enforcement by court: Overview of enforcement powers and civil remedies

33EOverview of enforcement powers and civil remedies

  1. The following enforcement orders and remedies (civil remedy orders) are available under this subpart for a contravention of the takeovers code:

  2. an injunction:
    1. a civil remedy order under section 33I:
      1. a compensatory order:
        1. a pecuniary penalty order and declaration of contravention (on application by the Panel only).

          1. See section 2(2) for the definition of contravention of the takeovers code in this subpart.

          2. This section is a guide only to the general scheme and effect of this subpart.

          Notes
          • Section 33E: replaced, on , by section 16 of the Takeovers Amendment Act 2006 (2006 No 48).