Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Management and administration - Determination of disputes

112: Effect of determination

You could also call this:

“Once a decision is made about a dispute, it's usually final and everyone must follow it”

When a dispute is settled by arbitrators or by the court, the decision is final. This means that once a decision is made, you can’t change it or appeal against it. The decision is binding, which means everyone involved must follow it. No one can move the case to another court or stop the decision from being carried out. However, there is one exception to this rule. If you look at section 113 of the law, you might find some situations where the decision isn’t final. But in most cases, once a decision is made about a dispute, that’s the end of the matter and you have to accept it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372302.

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Part 7 Management and administration
Determination of disputes

112Effect of determination

  1. Subject to section 113, every determination of a dispute by arbitrators, or by the court, shall be final and conclusive and binding on all parties, and shall not be subject to appeal; and no proceedings on or determination of a dispute, whether referred to arbitrators, or the court, shall be removed into or restrained by injunction granted by any court.

Compare
  • 1908 No 18 s 40(1)
  • Building Societies Act 1962 s 97 (UK)
Notes
  • Section 112: amended, on , by section 8(2)(c) of the Building Societies Amendment Act 1970 (1970 No 117).