Part 2Reserve Bank of New Zealand
Validity of acts
21Interpretation for sections 12 to 20
In sections 12 to 20, unless the context otherwise requires,—
act includes a transfer of property, rights, or interests to or by the Bank
do includes—
- to do an act; and
- to have a capacity; and
- to have or exercise a power, right, or privilege
natural person act—
- means an act that a natural person of full age and capacity can do (whether or not the act is something that is also authorised by an Act); and
- includes entry into a contract for, or relating to, 1 or more of the following:
- the acquisition of financial products or borrowing:
- the purchase, leasing, or sale of, or other dealings with, property:
- the employment, or engagement of the services, of a person
- the acquisition of financial products or borrowing:
person dealing—
- means the other party to the transaction, if the act of the Bank is a transaction; and
- includes a person who has acquired property, rights, or interests from the Bank.
- to do an act; and
Compare
- 2004 No 115 s 24


