If you are a licensed deposit taker, you must follow the rules. You can read about these rules in section 142. If you do not follow these rules without a good reason, you can commit an offence and have to pay a fine of up to $500,000.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS538470.
A licensed deposit taker that, without reasonable excuse, contravenes section 142 commits an offence and is liable on conviction to a fine not exceeding $500,000.
