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Deposit Takers Act 2023

Crisis management and resolution - Conduct of resolution - Auditors

343: Auditor’s fees

You could also call this:

"The Bank decides how much to pay the auditor who checks their work."

Illustration for Deposit Takers Act 2023

The Bank decides how much an auditor gets paid. You need to know that the auditor's fees are fixed by the Bank. The amount the auditor is paid is determined by the Bank, you can compare this to the 1989 legislation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS536642.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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342: Bank may remove auditor from office, or

"The Bank can fire an auditor if they have a good reason and follow the rules."

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344: Auditor’s rights, or

"What auditors can do to check deposit takers are doing their job correctly"

Part 7Crisis management and resolution
Conduct of resolution: Auditors

343Auditor’s fees

  1. An auditor must be paid the fees that are fixed by the Bank.

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