Plain language law

New Zealand law explained for everyone

Fair Trading Act 1986

5A: No liability under Act if not liable under Securities Act 1978 or Securities Markets Act 1988

You could also call this:

“You can't get in trouble under this law if you didn't break other money rules, but this rule doesn't exist anymore”

This section of the law has been removed. It used to say that you couldn’t be held responsible under this Act if you weren’t responsible under two other laws: the Securities Act 1978 and the Securities Markets Act 1988. However, this rule no longer applies because it was taken out of the law on 1 April 2014.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM96494.

Topics:
Business > Fair trading
Money and consumer rights > Consumer protection
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5: Application of Act to Crown corporations, or

“The law applies to government businesses just like other businesses”

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5B: Act does not apply to certain conduct regulated by Takeovers Code, or

“The Fair Trading Act doesn't cover company buying and selling rules”

5ANo liability under Act if not liable under Securities Act 1978 or Securities Markets Act 1988 (Repealed)

    Notes
    • Section 5A: repealed, on , by section 7 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).