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Deposit Takers Act 2023

Miscellaneous - Use of words bank, banker, and banking - Limit on use of restricted words in name or title

430: Authorisation extends to Registrar of Companies, etc

You could also call this:

"Your authorisation also helps other important people, like the Registrar of Companies."

Illustration for Deposit Takers Act 2023

If you get an authorisation under section 428 or 429, it also applies to other people, like the Registrar of Companies. This is only to the extent that what they do is necessary to help you get the benefit of the authorisation. You can find more information about this in section 428 or section 429.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS582290.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
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429: Bank may authorise class of persons to use restricted words in name or title, or

"The Bank can let some groups use special names with restricted words."

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431: Bank’s policies for giving authorisation, or

"How banks decide who can use special names or titles"

Part 8Miscellaneous
Use of words bank, banker, and banking: Limit on use of restricted words in name or title

430Authorisation extends to Registrar of Companies, etc

  1. An authorisation under section 428 or 429 applies to any other person (for example, the Registrar of Companies), but only to the extent that the acts of that person are necessary to allow the person to whom the authorisation is given to have the benefit of the authorisation.

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