In New Zealand law, there used to be a section called 'Interpretation' in the Building Societies Act 1965. This section was part of the rules about how building societies invest and bank their extra money. However, this section no longer exists. It was removed from the law on 1 September 1987. The government made this change through another law called the Building Societies Amendment Act 1987.

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This page was last updated on 15 April 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM371709.

Topics:

Money and consumer rights > Banking and loansHousing and property > Buying and selling homes

53: Memorandum of discharge of mortgage, or

"How to show a mortgage is paid off (old rule, no longer used)"

55: Investment and banking of surplus funds, or

"Old rules about how building societies could use extra money are no longer part of the law"

Part 4Investment and banking of surplus funds

54Interpretation (Repealed)

Notes

Section 54: repealed, on 1 September 1987, by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).