If you make a statement in a disclosure document or a register entry, Section 23 does not apply to that statement. You can find more information about this in the Section 23 part of the law. This means that Section 23 has some exceptions, and statements in disclosure documents or register entries are some of those exceptions.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5566404.
25: Limitation on commencement of proceedings in relation to unsubstantiated representations, or
"Only the Financial Markets Authority can take someone to court for making false claims."
27: Section 23 subject to other enactments, or
"Section 23 might not apply if another law already covers what you can say in your trade or business."
Section 23 does not apply to a representation made in a disclosure document or a register entry.
