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Arms Bill

Licences and approvals - Business licences - Ceasing to carry on business activities

98: Ceasing to carry on business activities

You could also call this:

"Telling the boss when you stop doing licensed business activities"

If you have a business licence, you must tell the chief executive if you stop doing some or all of the business activities listed on your licence. You do this if you are an individual or a senior manager of a company with a business licence. You also need to tell the chief executive if you are a senior manager and you stop being a senior manager of the company. If you are a senior manager of a company with a business licence and your company does not follow this rule without a good reason, you can be charged with an offence. You could be fined up to $10,000 if you are found guilty. This rule applies to companies that have a business licence and do not follow the rules about stopping business activities.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1533697.

This page was last updated on 8 December 2025 — View changes

Topics:

Business > Industry rules

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Part 3Licences and approvals
Business licences: Ceasing to carry on business activities

98Ceasing to carry on business activities

An individual who holds a business licence must inform the chief executive if the individual ceases to carry on 1 or more of the business activities specified in their business licence.
A senior manager of a body corporate who holds a business licence that authorises a body corporate to carry on 1 or more business activities must inform the chief executive if—
the body corporate ceases to carry on any of the business activities; or
the senior manager ceases to be a senior manager of the body corporate.

A senior manager of a body corporate that is a licensed business commits an offence and is liable on conviction to a fine not exceeding $10,000 if the body corporate, without reasonable excuse, contravenes this section.