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Deposit Takers Act 2023

Supervision of deposit takers - Investigations

129: Offences in relation to investigations

You could also call this:

"Breaking the rules during an investigation can lead to a big fine"

Illustration for Deposit Takers Act 2023

If you hinder, obstruct, or delay an investigator, you commit an offence. You also commit an offence if you do not follow a notice given under section 127. You must answer questions and take an oath or make an affirmation when required under section 127, or you commit an offence.

If you commit an offence, you can get a fine. As an individual, your fine can be up to $100,000. If you are not an individual, your fine can be up to $2,500,000.

You will get this fine if you are convicted of committing an offence under this section. The fine is for things like not following the rules during an investigation. You must follow the rules to avoid getting a fine.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS492639.

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Part 4Supervision of deposit takers
Investigations

129Offences in relation to investigations

  1. A person commits an offence if they, without reasonable excuse,—

  2. hinder, obstruct, or delay an investigator in carrying out an investigation under this subpart; or
    1. contravene a requirement of a notice given under section 127; or
      1. refuse to answer any question put to them under section 127 or to take an oath or make an affirmation when required to do so under that section.

        1. A person who commits an offence against this section is liable on conviction,—

        2. in the case of an individual, to a fine not exceeding $100,000:
          1. in any other case, to a fine not exceeding $2,500,000.