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Reserve Bank of New Zealand Act 2021

Miscellaneous provisions - Information-gathering power - Offences relating to information-gathering power

265: Infringement offence to fail to supply information

You could also call this:

"Failing to give information to the Bank can be an offence"

Illustration for Reserve Bank of New Zealand Act 2021

You can commit an infringement offence if you fail to comply with section 262 or any requirements of the Bank under that section. If you commit this offence, you may have to pay a fee or a fine. The fee or fine amount depends on whether you are an individual or not.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287199.

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Topics:
Money and consumer rights > Banking and loans
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264: Person required to supply information has same privileges as witnesses in court, or

"People giving information have the same rights as court witnesses"

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266: Offence of intentionally or recklessly failing to comply with notice to supply information, or

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Part 6Miscellaneous provisions
Information-gathering power: Offences relating to information-gathering power

265Infringement offence to fail to supply information

  1. A relevant person commits an infringement offence if it fails to comply with section 262 or any requirements of the Bank under that section.

  2. A relevant person that commits the infringement offence is liable to—

  3. an infringement fee of—
    1. $1,000 in the case of an individual; or
      1. $3,000 in any other case; or
      2. a fine imposed by a court not exceeding—
        1. $3,000 in the case of an individual; or
          1. $9,000 in any other case.

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