Part 8Enforcement, liability, and appeals
Infringement offences
516Payment of infringement fee
The FMA must pay all infringement fees received into a Crown Bank Account.
Financial Markets Conduct Act 2013
Enforcement, liability, and appeals - Infringement offences
516: Payment of infringement fee
"What happens to the money when you pay a fine for breaking financial rules"
When you pay an infringement fee, the Financial Markets Authority, or FMA for short, gets the money. The FMA must put all the infringement fees it receives into a special bank account that belongs to the government, called a Crown Bank Account. This is where all the infringement fees go when you pay them.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091746.
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