This act brings together and updates some existing laws about building societies in New Zealand. It combines different rules that were already in place and makes some changes to them. The act is specifically about building societies, which are a type of financial organisation.
You might be wondering what a building society is. It’s a group that helps people save money and buy homes. This act sets out the rules for how these societies should work in New Zealand. By putting all the rules in one place and making some updates, it aims to make things clearer and more up-to-date for everyone involved with building societies.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367767.
1: Short Title and commencement, or
"This law's name and when it started"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Ministry of Business, Innovation, and Employment.
