Deposit Takers Act 2023

Licensing of deposit takers - Issue of licences

16: Application for licence

You could also call this:

"How to apply for a licence to be a deposit taker, as set by the Bank"

Illustration for Deposit Takers Act 2023

If you want to apply for a licence, you must do it in the way the Bank says. The Bank gets to decide how you apply for a licence. You can find more information about this in subpart 4 of Part 8, which explains the Bank's power to specify how an application is made.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS471964.


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15: Bank may issue licence, or

"The Bank can give a special permit called a licence if it follows the rules."


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17: When licence must be issued, or

"When the Bank must give a licence to a business that wants to take deposits"

Part 2Licensing of deposit takers
Issue of licences

16Application for licence

  1. A body corporate may apply for a licence in the manner that is specified by the Bank.

  2. See subpart 4 of Part 8 (which provides for the Bank’s power to specify the manner in which an application is made).