Deposit Takers Act 2023

Enforcement - Infringement offences

169: When infringement notice may be issued

You could also call this:

"When the Bank can give you a notice for breaking a rule"

Illustration for Deposit Takers Act 2023

The Bank can give you an infringement notice if they think you are breaking, or have broken, a rule. They must have good reasons to think this. The Bank will only do this if they believe you have done something wrong, like committing an infringement offence.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS580670.


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168: Infringement offences, or

"Breaking the law: what happens if you do something wrong"


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170: Revocation of infringement notice before payment made, or

"The bank can cancel a fine notice before you pay it and must tell you if they do."

Part 5Enforcement
Infringement offences

169When infringement notice may be issued

  1. The Bank may issue an infringement notice to a person if the Bank believes on reasonable grounds that the person is committing, or has committed, an infringement offence.