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Building Societies Act 1965

Miscellaneous provisions

137: Regulations

You could also call this:

"Rules for how building societies work and what they need to do"

The Governor-General can make rules about building societies. These rules can cover many things:

You might need to fill out forms with certain information. The rules can say what needs to be in these forms and who needs to sign them.

The rules can say how financial statements should be shared and who needs to check them.

There are rules about how to apply for things and how the Registrar should handle these applications.

You might need to pay fees for different services, like registering rules or getting documents.

The rules can cover things like bonus ballots and how to run appeals.

The Registrar keeps records and there are rules about how to give or serve notices.

The rules can also cover anything else needed to make sure the Building Societies Act works properly.

The Registrar doesn't have to do anything until you've paid the right fee. If you don't pay, the Registrar can take you to court to get the money.

These rules are called 'secondary legislation' and there are special ways they need to be published.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM372506.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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Part 9Miscellaneous provisions

137Regulations

  1. The Governor-General may from time to time, by Order in Council, make regulations for all or any of the following purposes:

  2. prescribing the forms of, and the particulars to be included in, applications, notices, certificates, returns, reports, or other documents made or issued under or for the purposes of this Act (and those regulations may require the inclusion in, or attachment to, forms of specified information or documents and forms to be signed by specified persons), and prescribing requirements, not inconsistent with this Act, with which those documents must comply:
      1. prescribing the manner in which any financial statements required under section 92 are to be published or distributed:
        1. requiring financial statements required under section 92 to be audited by a qualified auditor:
          1. prescribing the procedure to be followed in respect of applications to and proceedings before the Registrar:
            1. prescribing fees to be paid to the Registrar in respect of the registration of rules, alterations in rules, and other documents and matters under this Act, the issue of certificates and other documents, search or inspection of the register, and the exercise by the Registrar of any of his or her functions under this Act:
              1. regulating bonus ballots and bonus balloting shares:
                1. prescribing the procedure for the institution, hearing, and determination of appeals under this Act:
                  1. providing for the keeping of records by the Registrar for the purposes of this Act:
                    1. providing the procedure for the giving or service of notices and documents under this Act:
                      1. providing for such matters as are contemplated by or necessary for giving full effect to the provisions of this Act and for the due administration thereof.

                        1. The Registrar may refuse to perform a function or exercise a power until the prescribed fee is paid.

                        2. Any fee payable to the Registrar is recoverable by the Registrar in any court of competent jurisdiction as a debt due to the Crown.

                        3. Regulations under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

                        Compare
                        • 1908 No 18 s 51
                        • Building Societies Act 1962 s 123 (UK)
                        Notes
                        • Section 137(1)(a): amended, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).
                        • Section 137(1)(aa): repealed, on , by section 15(1) of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).
                        • Section 137(1)(ab): inserted, on , by section 32 of the Building Societies Amendment Act 1987 (1987 No 175).
                        • Section 137(1)(ac): replaced, on , by section 15(2) of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).
                        • Section 137(1)(c): amended, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).
                        • Section 137(1)(ca): inserted, on , by section 19 of the Building Societies Amendment Act 1980 (1980 No 92).
                        • Section 137(2): inserted, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).
                        • Section 137(3): inserted, on , by section 7 of the Building Societies Amendment Act 2007 (2007 No 43).
                        • Section 137(4): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).