Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Miscellaneous provisions

132: Offences in relation to property of societies

You could also call this:

“Breaking rules about building society property”

If you take money, papers, or other things that belong to a building society by lying or tricking them, you are breaking the law. You are also breaking the law if you have these things and don’t give them back, use them for the wrong reasons, or use them for things that are not allowed by the society’s rules or the law.

If you do any of these things, you might have to go to jail for up to 2 years, or pay a fine of up to $1,000, or both.

If a court finds you guilty of doing these things, they can tell you to give back or pay back any money, papers, or other things you took from the society.

If you are a member of the society and you want to start a legal case about this, you need to get permission first. You can get this permission from the society, the people who run the society, or the person in charge of registering societies.

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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=DLM372500.

Topics:
Crime and justice > Criminal law Money and consumer rights > Banking and loans Housing and property > Buying and selling homes
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Part 9 Miscellaneous provisions

132Offences in relation to property of societies

  1. Every person commits an offence who—

  2. by false representation or imposition obtains possession of any money, securities, books, papers, or other effects of a society; or
    1. having any of the same in his or her possession, withholds or misapplies them, or wilfully applies any part of them to purposes other than those authorised by the society's rules or by this Act.

      1. Every person who commits an offence against this section shall be liable on conviction to imprisonment for a term not exceeding 2 years or to a fine not exceeding $1,000, or to both.

      2. The court by which any person is convicted of an offence against this section may order him or her to deliver up or repay to the society any money, securities, books, papers, or other effects in respect of which he or she is so convicted.

      3. Proceedings in respect of an offence against this section may not be commenced by a member of the society, unless he or she is authorised to do so by the society or the board of directors or the Registrar.

      Compare
      • 1908 No 18 s 32
      • Building Societies Act 1962 s 111 (UK)
      Notes
      • Section 132(2): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).
      • Section 132(4): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).