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Valuers Bill

Miscellaneous - Financial provisions

92: Fees, monetary penalties, or other money must be paid into bank account

You could also call this:

"Paying fees and penalties into a bank account"

If you get fees, penalties, or other money for the Valuers Registration Board, you must pay it into a bank account. You have to pay the money to a bank chosen by the Board, and it goes into an account called the Valuers Registration Board Account. The bank must be a licensed deposit taker, which is a type of bank that is allowed to use the word "bank" in its name, as stated in the Deposit Takers Act 2023.

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This page was last updated on 30 October 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS641075.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rules

91: Registrar must receive fees, or

"You must pay a fee to the Registrar before they help you."

93: How Board may apply money, or

"How the Board can use its money"

Part 4Miscellaneous
Financial provisions

92Fees, monetary penalties, or other money must be paid into bank account

A person that receives any fees, monetary penalties, or other money on behalf of the Board under this Act must promptly pay the amount to a bank that the Board may determine to the credit of an account to be called the Valuers Registration Board Account.
In this section, bank means a licensed deposit taker (within the meaning of section 6 of the Deposit Takers Act 2023) that is authorised under section 428 or 429 of that Act to use a name or title that includes the word bank.