Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Management and administration - Register of members

74: Duty to keep register

You could also call this:

“Keep a list of all members' names and addresses at your main office”

You need to keep a list of names and addresses of everyone who is a member of your society. This list is called a register. You must keep this register at your society’s main office. However, if you get permission in writing from the FMA, you can keep the register, or parts of it, at other offices of your society. If you don’t follow these rules, your society and any person in charge who didn’t follow the rules will be breaking the law.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372003.

Topics:
Money and consumer rights > Banking and loans Housing and property > Buying and selling homes
Previous

73: Change of registered office, or

"How to tell the government when your building society moves its main office"

Next

75: Inspection of register of members, or

"You can check the list of people in a building group and get a copy if you want"

Part 7 Management and administration
Register of members

74Duty to keep register

  1. Every society shall keep a register of the names and addresses of its members.

  2. Subject to subsection (3), the register shall be kept at the society's registered office.

  3. With the consent in writing of the FMA, the register, or parts of it, may be kept at 1 or more of the offices of the society other than its registered office.

  4. If a society contravenes any of the provisions of this section, the society, and every officer of the society who is in default, shall be guilty of an offence against this Act.

Compare
  • Building Societies Act 1962 s 62 (UK)
Notes
  • Section 74(3): amended, on , by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).