Deposit Takers Act 2023

Miscellaneous - Levy for Crown to recover cost of public support of deposit taker in financial distress or other difficulties

473: Effect of failure to comply

You could also call this:

"What happens if you don't follow the rules"

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If you do not follow what section 472 says, it does not change whether the regulations made under this part are valid or not. You can find out more about section 472 by looking at the section 472 information. This means the regulations are still in effect even if someone does not comply with section 472.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS704778.


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Part 8Miscellaneous
Levy for Crown to recover cost of public support of deposit taker in financial distress or other difficulties

473Effect of failure to comply

  1. A failure to comply with section 472 does not affect the validity of any regulations made under this subpart.