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Building Societies Act 1965

Miscellaneous provisions

136A: Jurisdiction of District Court

You could also call this:

"When the District Court can help with building society issues"

Illustration for Building Societies Act 1965

The District Court can help with certain issues related to building societies. You can go to the District Court if:

You're a member of a building society and have a disagreement with them about an amount up to $350,000.

The building society needs to get back money or enforce a claim, but only if it's for $350,000 or less.

There are other matters under this law that the building society needs help with, as long as they don't involve more than $350,000.

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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=DLM7137306.

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

136AJurisdiction of District Court

  1. The District Court has jurisdiction in relation to—

  2. the settlement of disputes between any building society and its members where the amount involved does not exceed $350,000:
    1. the recovery of money and enforcement of claims by or against any building society not exceeding in amount or value the sum of $350,000:
      1. all other matters arising under this Act not exceeding in amount or value the sum of $350,000.

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        Notes
        • Section 136A: inserted, on , by section 4 of the Building Societies Amendment Act 2016 (2016 No 55).