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Reserve Bank of New Zealand Act 2021

Central bank functions - Regulating bank note handling machines

168: District Court may make orders about bank note handling machines

You could also call this:

"The District Court can make decisions about machines that handle bank notes if they're used wrongly."

Illustration for Reserve Bank of New Zealand Act 2021

You can go to the District Court if you want to make a decision about a bank note handling machine. The court can make an order to forfeit, deactivate or destroy the machine. The court can also decide what to do with the machine in other ways. You can only make this order if the person using the machine did not follow the rules. They must have had a notice about this before, within the last six months, under section 165. If the court makes an order, it must say which machines it applies to. The machines then belong to the Crown and are looked after by the Official Assignee. The Official Assignee can sell, use or get rid of the machines as they see fit.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS345918.

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Part 3Central bank functions
Regulating bank note handling machines

168District Court may make orders about bank note handling machines

  1. The District Court may, on the application of the Bank, order that 1 or more bank note handling machines be—

  2. forfeited to the Crown; or
    1. deactivated or destroyed; or
      1. otherwise dealt with as the court thinks fit.

        1. The District Court may make an order in relation to a bank note handling machine only if the court is satisfied that—

        2. the operator of the machine has failed to comply with a notice in relation to the machine under section 165 or any requirements of the Bank under that section; and
          1. the notice referred to in paragraph (a) was given within 6 months after a previous notice was given to the operator under that section.

            1. The District Court must specify in an order under subsection (1)(a) the machines to which the order applies and that the machines—

            2. vest in the Crown absolutely; and
              1. are in the custody and control of the Official Assignee.

                1. The Official Assignee may sell, use, destroy, or otherwise dispose of any bank note handling machines in their custody and control in any manner that they think fit.