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New Zealand law explained for everyone

Deposit Takers Act 2023

Preliminary provisions

9: Act binds the Crown

You could also call this:

"The government must follow this law too"

Illustration for Deposit Takers Act 2023

This Act applies to the Crown. The Crown means the government and its departments. You can think of the Crown as the government acting on behalf of New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS469466.

Topics:
Money and consumer rights > Banking and loans
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8: Transitional, savings, and related provisions, or

"Special rules to help when the new law starts"

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10: Deposit taker must be licensed, or

"To take people's money, you need a special permit called a licence."

Part 1Preliminary provisions

9Act binds the Crown

  1. This Act binds the Crown.