Part 2Licensing of deposit takers
Appeals
58Appeal does not operate as stay
An appeal under this subpart does not operate as a stay of any decision appealed against unless the court orders otherwise.
Deposit Takers Act 2023
Licensing of deposit takers - Appeals
58: Appeal does not operate as stay
"Appealing a decision doesn't stop it from happening until a court decides otherwise."
If you appeal a decision under this part of the law, the decision still stands unless a court says otherwise. You can still appeal, but the decision you are appealing will not be put on hold. The court has the power to change this and order a stay if they choose to.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS475644.