Deposit Takers Act 2023

Enforcement - Pecuniary penalty - Amount of pecuniary penalty

159: Considerations for court

You could also call this:

"What the court thinks about when making a decision about something related to the Deposit Takers Act 2023"

Illustration for Deposit Takers Act 2023

When you are in court for something related to the Deposit Takers Act 2023, the court thinks about some things to decide what to do. The court considers how much someone's actions go against what the Act is trying to achieve. The court also thinks about if someone's actions caused any harm or damage.

The court looks at whether you tried to stop or fix any bad effects from your actions. You might have done something on purpose or been reckless, and the court thinks about this too. The court considers the situation and what happened when you did what you did.

If you have done something similar before, the court takes this into account. The court also thinks about any other important matters. If your case involves a breach of section 93 or 94, the court follows guidance from section 97 as well.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS497404.


Previous

158: Maximum amount of pecuniary penalty, or

"Maximum fine for breaking the rules: up to $5 million for companies or $1 million for individuals"


Next

160: Defences for person that contravenes prudential obligation, or

"Breaking a money rule: when you have a good excuse"

Part 5Enforcement
Pecuniary penalty: Amount of pecuniary penalty

159Considerations for court

  1. In determining whether to make an order, and the amount of any pecuniary penalty to be paid, the court must have regard to the following matters:

  2. the extent to which A’s conduct undermines the purposes of this Act:
    1. any loss or damage caused by A’s conduct:
      1. whether A has taken steps to avoid or mitigate any adverse effects arising from A’s conduct:
        1. whether A’s conduct was intentional or reckless:
          1. the circumstances of A’s conduct:
            1. whether A has previously engaged in similar conduct:
              1. any other matters the court considers relevant.
                1. In the case of a contravention of section 93 or 94, the court must also have regard to the guidance published under section 97.