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New Zealand law explained for everyone

Building Societies Act 1965

Management and administration - Annual return

105: Additional annual return of certain transactions

You could also call this:

"Building societies no longer need to provide extra yearly reports on specific dealings"

The law used to require building societies to provide an additional annual return about certain transactions. This was part of the Building Societies Act 1965. However, this requirement no longer exists. The government removed this rule on 1 September 1987. They did this by changing the Building Societies Act. You don't need to worry about providing this extra information anymore if you're involved with a building society.

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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=DLM372088.

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Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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104: Annual return to disclose loans or other investments to certain officers or companies, or

"Building societies no longer have to report loans to special people or companies"

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106: Auditors' report on annual return, or

"Auditors check and write about the society's yearly report"

Part 7Management and administration
Annual return

105Additional annual return of certain transactions (Repealed)

    Notes
    • Section 105: repealed, on , by section 24 of the Building Societies Amendment Act 1987 (1987 No 175).