Deposit Takers Act 2023

2: Commencement

You could also call this:

"When the Deposit Takers Act 2023 comes into effect"

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Some parts of the Deposit Takers Act 2023 started on 7 July 2023. You can find these parts in Subpart 2 of Part 3, sections 238 to 244, subpart 7 of Part 6, and subpart 5 of Part 8. The rest of the Act will start on a date decided by the government.

Other parts of the Act will start on 1 April 2025 and 1 July 2025. If any parts have not started by 6 July 2029, they will start then. The government can make decisions about when these parts start, which is a type of law called secondary legislation, explained in the Legislation Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS469452.


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2Commencement

  1. Subpart 2 of Part 3, sections 238 to 244, subpart 7 of Part 6, and subpart 5 of Part 8 come into force on 7 July 2023.

  2. The rest of this Act comes into force on a date or dates set by Order in Council.

    The following table is large in size and has 3 columns that are grouped under the heading Provisions commenced by Order in Council.
    Provisions commenced by Order in Council
    Provisions Commencement date Order in Council
    Part 1, other than section 8; section 8 (but only for the purpose of giving effect to clauses 7 and 22 of Schedule 1); sections 98 to 100; subpart 9 of Part 4; subpart 4 of Part 5; subpart 6 of Part 5; sections 190, 191, and 195; subparts 3 and 4 of Part 8; sections 474, 475, and 479(3); section 495(1) (but only for the purpose of giving effect to items relating to new section 49(2)(d) of the Reserve Bank of New Zealand Act 2021 and new section 31(3)(ea) of the Russia Sanctions Act 2022) 1 April 2025 Clause 2(1) of the Deposit Takers Act Commencement Order 2025
    Section 8 (but only for the purpose of giving effect to clauses 1 to 6, 15, and 17 of Schedule 1); subparts 2, 3, and 5 of Part 5; sections 192 to 194; subparts 2 to 5 of Part 6; sections 235 to 237; subparts 8 to 10 of Part 6; sections 484, 487, 490 to 492, and 494; section 495 (but only for the purpose of giving effect to items relating to new section 286(1)(j) of the Companies Act 1993; new section 248(2A) of the Reserve Bank of New Zealand Act 2021; and Financial Markets Conduct Regulation 2014) 1 July 2025 Clause 2(2) of the Deposit Takers Act Commencement Order 2025
    This note is not part of the Act.

  3. Any part of the Act that has not come into force by 6 July 2029 comes into force then.

  4. An Order in Council made under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

Notes
  • Section 2(1): editorial change made by the PCO, on , under sections 86(1) and 87(m) of the Legislation Act 2019 (2019 No 58).
  • Section 2(3): editorial change made by the PCO, on , under sections 86(1) and 87(m) of the Legislation Act 2019 (2019 No 58).