The law used to have a part called section 570 that was about letting financial institutions lend more money. You can find out more about when this law changed by looking at the Local Government Act 2002. This section was repealed on 1 July 2003.

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This page was last updated on 10 September 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422166.

Topics:

Money and consumer rights > Banking and loansGovernment and voting > Local councils

569: Mortgages of leases, or

"Old law about borrowing money using lease agreements, now replaced by a new law."

571: Insurance fund, or

"Old insurance fund law that is no longer used"

Part 32Land development for housing, commercial, and industrial purposes
Advances to financial institutions and guarantees of housing loans

570Extending lending powers of financial institutions (Repealed)

Notes

Section 570: repealed, on 1 July 2003, by section 266 of the Local Government Act 2002 (2002 No 84).