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Lawyers and Conveyancers Act 2006

Fidelity Funds

306: Claim event

You could also call this:

"When someone steals your money or property while working with it"

Illustration for Lawyers and Conveyancers Act 2006

You suffer a pecuniary loss when someone steals money or property from you. This is called a claim event under the Lawyers and Conveyancers Act 2006. It happens when a person steals money or property that was given to them to provide services to the public. You also suffer a pecuniary loss when someone steals money or property while working as a solicitor-trustee. This is another type of claim event under the Act. It occurs when a person steals money or property that was given to them to look after. A claim event can happen in different situations, as described in section 304(a) and section 304(b). You can lose money or property when someone steals from you while providing services. This is an important part of the Lawyers and Conveyancers Act 2006.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367382.

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Crime and justice > Criminal lawMoney and consumer rights > Consumer protection
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Part 10Fidelity Funds

306Claim event

  1. For the purposes of section 304(a), a claim event occurs where a person suffers pecuniary loss by reason of the theft, by a person of the kind described in section 304(a)(i) or (ii), of—

  2. any money or other valuable property entrusted to that person in the course of the provision, or the purported provision, by that person of regulated services to the public; or
    1. any money or other valuable property entrusted to any person of the kind described in section 304(a)(i) in his or her capacity as a solicitor-trustee.

      1. For the purposes of section 304(b), a claim event occurs where a person suffers pecuniary loss by reason of the theft, by a person of the kind described in section 304(b)(i) or (ii), of any money or other valuable property entrusted to that person in the course of the provision, or the purported provision, by that person of regulated services to the public.

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