Deposit Takers Act 2023

Supervision of deposit takers - Bank’s information-gathering power

108: Auditor to inform of intention to disclose

You could also call this:

"Auditors must tell banks and others before sharing important information with the Bank."

Illustration for Deposit Takers Act 2023

If you are an auditor, you must tell the deposit taker or associated person that you plan to share some information with the Bank. You need to inform them before you share the information, as required by section 107. You should explain what information you want to share and why you want to share it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS475528.


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107: Disclosure of information to Bank by auditors, or

"Auditors must tell the Bank about problems with deposit-taking companies"


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109: Protection of auditor, or

"Auditors are safe when they honestly report concerns to the Bank."

Part 4Supervision of deposit takers
Bank’s information-gathering power

108Auditor to inform of intention to disclose

  1. An auditor must, before disclosing any information to the Bank under section 107, take reasonable steps to inform the licensed deposit taker or associated person of the intention to disclose the information and the nature of the information.