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Deposit Takers Act 2023

Crisis management and resolution - No creditor or shareholder worse off - Valuer’s report

378: Valuer must give draft report to Minister and Bank

You could also call this:

"Valuer must share draft report with Minister and Bank quickly."

Illustration for Deposit Takers Act 2023

When a valuer finishes a draft report, you know they have to share it. The valuer must give this draft report to the Minister and the Bank as soon as they can after it is finished. This means the valuer should send the report to the Minister and the Bank quickly, without taking too long.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS550928.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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377: Valuer’s draft report, or

"A valuer's draft report: explaining who gets compensation and how it's calculated"

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379: Minister or Bank may require valuer to reconsider, or

"The Minister or Bank can ask a valuer to redo their report if it's not done correctly."

Part 7Crisis management and resolution
No creditor or shareholder worse off: Valuer’s report

378Valuer must give draft report to Minister and Bank

  1. The valuer must provide the draft report to the Minister and the Bank as soon as is reasonably practicable after it is prepared.