Plain language law

New Zealand law explained for everyone

Deposit Takers Act 2023

Crisis management and resolution - Moratorium and restriction on resolution trigger

297: Publication of notice

You could also call this:

"When the Bank puts a notice on their website and in the Gazette for everyone to see"

Illustration for Deposit Takers Act 2023

You need to know what the Bank does with a notice. The Bank must publish the notice on their website as soon as possible. They must also tell people about the notice in the Gazette. The notice can start being effective after it is published on the website. The notice cannot be changed or cancelled once it is published.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS539204.

This page was last updated on — View changes

Topics:
Money and consumer rights > Banking and loans
Previous

296: Matters Bank must be satisfied of when extending stay, or

"What a bank must check before giving more time to pay debts"

Next

298: Bank is resolution authority, or

"The Bank helps fix problems with banks and other deposit takers."

Part 7Crisis management and resolution
Moratorium and restriction on resolution trigger

297Publication of notice

  1. The Bank must, as soon as practicable,—

  2. publish any notice issued under section 295 on the Bank’s Internet site; and
    1. notify the issue of the notice in the Gazette.

      1. The notice may take effect at any time after it is published under subsection (1)(a).

      2. The notice cannot be varied or revoked.

      Compare