Topic

Fair trading

This page contains different parts of laws about Fair trading.

Weights and Measures Act 1987

New Zealand uses metric units like kilograms and metres for measuring things

4: Metric standards of weights and measures

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Weights and Measures Act 1987

Rules about using metric measurements for buying, selling, and making agreements

8: Obligations to use metric system of weights and measures

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Weights and Measures Act 1987

When you can use different ways of measuring things instead of the metric system

9: Exceptions to obligations to use metric system of weights and measures

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Weights and Measures Act 1987

You must use metric units when selling things in New Zealand

10: Obligation to use metric system in advertising goods for sale

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Weights and Measures Act 1987

When you don't need to use metric measurements in ads for selling things

11: Exceptions to obligation to use metric weights and measures in advertising goods for sale

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Weights and Measures Act 1987

Rules for selling things fairly: making sure you get what you pay for

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Weights and Measures Act 1987

Breaking rules about weighing and measuring things can get you in trouble with the law

14: Offences

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Weights and Measures Act 1987

It's against the law to give less than what someone paid for when selling things

16: Offence to supply short weight, measure, or number

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Weights and Measures Act 1987

It's against the law to sell things with less inside than what the package says

16A: Offence to supply weight, measure, or number not in accordance with stated quantity

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Weights and Measures Act 1987

It's wrong to lie about how much you're buying

17: Offence for purchaser to state incorrect weight, measure, or number

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Weights and Measures Act 1987

Sellers must get a note about how much you're buying

18: Statement of true weight, etc, to be supplied to seller

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Weights and Measures Act 1987

Weights and measures used for trading need a special approval stamp

21: Weights and measures to be stamped with mark of verification

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Weights and Measures Act 1987

It's against the law to use or keep incorrect measuring tools for business

24: Offence to use or possess false or unjust weight or measure

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Weights and Measures Act 1987

Inspectors can check shops and vehicles to make sure weights and measures are fair

28: Powers of Inspectors

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Weights and Measures Act 1987

You might be responsible if your workers break weight and measure rules

31: Liability of principal for acts of agents, etc

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Weights and Measures Act 1987

What happens if you break the weights and measures rules

33: Penalties

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Weights and Measures Act 1987

The law assumes weights and measures at work are for trading

37: Presumption as to possession of weights, measures, etc, for use for trade

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Weights and Measures Act 1987

Rules for fair and accurate weights and measures in New Zealand

41: Regulations

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Weights and Measures Act 1987

Rules for checking if package contents match their labels

41A: Regulations for purposes of section 16A(3)

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Helping you understand and trust money matters

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

What counts as a financial service in this law

5: Meaning of financial service

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

This part explains why we keep a list of money helpers and make sure they follow the rules

9: Purpose of this Part

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

You can only say you're a registered financial service provider if you really are

12: No holding out that in business of providing financial service unless registered and member of approved dispute resolution scheme

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

How the Registrar can check if you're following the rules for financial services

37: Registrar’s inspection powers

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

What an approved dispute resolution scheme is and how it works

50: Meaning of approved dispute resolution scheme

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Asking for approval to run a complaint-solving service

51: Application for approval

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Things the Minister must think about before saying yes to a new way of solving money problems

52: Mandatory considerations for approval

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

The Government tells a complaint-handling group they might lose their approval

57: Notice of intention to withdraw approval

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Rules for solving problems with financial service providers

63: Rules about approved dispute resolution scheme

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Rules for settling money arguments with financial companies

79: Regulations under this Part

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Companies Act 1993

Companies can issue loans that may never be repaid

95A: Perpetual debentures

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Companies Act 1993

Reissuing or replacing company debentures that have been paid off

95B: Power to reissue redeemed debentures in certain cases

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Companies Act 1993

Court can order you to follow through on agreements to lend money to companies

95C: Specific performance of contracts to subscribe for debentures

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Companies Act 1993

Special loans or debts a company can owe

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Income Tax Act 2007

Rules about selling shares from purchase agreements no longer apply

CE 3: Restrictions on disposal of shares under share purchase agreements

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Income Tax Act 2007

Delayed ownership for items bought on credit

EE 3: Ownership of goods subject to reservation of title

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Income Tax Act 2007

Rules for changing how you calculate your foreign investment fund income

EX 62: Limits on changes of method

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Income Tax Act 2007

Rules for fair pricing in financial transactions between connected parties

EZ 50: Rules for non-market transactions

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Income Tax Act 2007

Rules for fair pricing between related companies to prevent tax avoidance

GB 2: Arrangements involving transfer pricing

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Income Tax Act 2007

Rules to prevent unfair dealings in financial arrangements

GB 21: Dealing that defeats intention of financial arrangements rules

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Income Tax Act 2007

Rules for fair payment in business deals and their tax implications

GC 8: Insufficient amount receivable by person

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Income Tax Act 2007

How to work out fair prices between businesses

GC 13: Calculation of arm’s length amounts

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Working together and sharing important information when handling money complaints

67: Duty to co-operate and communicate information in certain circumstances

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Companies Act 1993

Settling share price disputes through independent arbitration

112A: Price for shares referred to arbitration if shareholder objects to price

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Companies Act 1993

You might get extra money if your share payment is late

112B: Interest payable on outstanding payments

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Companies Act 1993

When a company buys your shares and how it affects your shareholder rights

112C: Timing of transfer of shares

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Fair Trading Act 1986

Rules about being honest when sending things to China

51: Application of Act to goods that are, or may be, exported to China

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Income Tax Act 2007

Adjusting unfair deals between business partners to market value

GB 50: Arrangements involving partners and owners

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Local Government Act 2002

Deals that are safe and cannot be undone

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Local Government Act 2002

Rules that protect deals made with local councils, even if the council makes mistakes

117: Protected transactions

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Local Government Act 2002

Don't use a local council's special symbol without asking first

234: Unauthorised use of coat of arms

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Civil Aviation Act 1990

Rules for airlines working together on international flights

91: Application of Commerce Act 1986

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Resource Management Act 1991

Keeping certain information secret to protect important things like Māori customs or business secrets

42: Protection of sensitive information

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Resource Management Act 1991

Rules to stop businesses from unfairly blocking their rivals

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Resource Management Act 1991

This law explains who can and can't complain about business rivals in environmental cases.

308A: Identification of trade competitors and surrogates

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Resource Management Act 1991

You can only comment on plans if the activity directly affects you, not just because of business competition.

308B: Limit on making submissions

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Resource Management Act 1991

You can't use this law to stop others from doing business or to protect your own business.

308D: Limit on appealing under this Act

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Resource Management Act 1991

The court can say someone broke the rules about unfairly stopping other businesses.

308G: Declaration that Part contravened

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Electricity Industry Act 2010

Explaining important words and roles in electricity rules

5: Interpretation

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Electricity Industry Act 2010

This part explains why you can't own both power plants and power lines

72: Purpose of this Part

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Electricity Industry Act 2010

The Commerce Act 1986 still applies to this part of the law

91: Application of Commerce Act 1986

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Electricity Industry Act 2010

The group that checks if businesses are being fair

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Electricity Industry Act 2010

Changes to a law about buying and selling things

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Electricity Industry Act 2010

Changes made to rules about business and trade

145: Amendments to Commerce Act 1986

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Electricity Industry Act 2010

Allowed actions in the electricity industry that don't break competition rules

130: Specific authorisations for purposes of Commerce Act 1986

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

People who want fewer protections when getting money help

49A: Who are eligible investors

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

When someone says they're a big business customer, you need to check they really understand what that means

49B: Acceptance of certification

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Breaking the law if you don't follow a court order about solving problems with customers

49G: Offence to fail to comply with District Court order

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Money penalties for breaking rules about selling to businesses

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Money penalty for breaking wholesale certification rules

79A: Pecuniary order for contravening wholesale certification requirement

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Court can order payment for breaking wholesale certification rules

79B: Compensation for contravention of wholesale certification requirement

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Consumer Guarantees Act 1993

Ensuring fair and confident buying and selling for everyone

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Consumer Guarantees Act 1993

This part explains what important words mean in this law

2: Interpretation

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Consumer Guarantees Act 1993

Promises sellers make about who owns the things they sell you

5: Guarantees as to title

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Consumer Guarantees Act 1993

Products must work for what you want to use them for

8: Guarantees as to fitness for particular purpose

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Consumer Guarantees Act 1993

Sellers must make sure what you buy matches how it was described

9: Guarantee that goods comply with description

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Consumer Guarantees Act 1993

Makers must provide repairs and parts for a reasonable time

12: Guarantee as to repairs and spare parts

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Consumer Guarantees Act 1993

Rules about selling things to people

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Consumer Guarantees Act 1993

Rules for promises made by companies who make things you buy

14: Provisions relating to manufacturers' express guarantees

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Consumer Guarantees Act 1993

Goods you get as part of a service still have to be good quality

15: Contracts of work and materials

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Consumer Guarantees Act 1993

When you can ask a shop to fix or replace things you bought

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Consumer Guarantees Act 1993

You can ask suppliers to fix problems with things you bought

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Consumer Guarantees Act 1993

When a seller's product doesn't meet promises, you can ask them to fix it

16: Circumstances where consumers have right of redress against suppliers

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Consumer Guarantees Act 1993

When goods are good enough, but someone said something extra that made them seem better

17: Exception in respect of guarantee as to acceptable quality

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Consumer Guarantees Act 1993

Ways to fix problems when you buy something

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Consumer Guarantees Act 1993

What you can do if something you bought doesn't work properly

18: Options against suppliers where goods do not comply with guarantees

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Consumer Guarantees Act 1993

The seller must fix problems with things you buy

19: Requirement to remedy

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Consumer Guarantees Act 1993

Rules about when you can return things you bought that aren't right

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Consumer Guarantees Act 1993

You can't return goods if you don't follow the rules for returning them

20: Loss of right to reject goods

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Consumer Guarantees Act 1993

When a product is really not what you expected or doesn't work properly

21: Failure of substantial character

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Consumer Guarantees Act 1993

How to tell a shop you don't want their stuff anymore

22: Manner of rejecting goods

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Consumer Guarantees Act 1993

When something you bought is bad, you can choose to get your money back or get a new one

23: Consumers' options of refund or replacement

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Consumer Guarantees Act 1993

People who get gifts have the same rights as if they bought the item themselves

24: Rights of donees

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Consumer Guarantees Act 1993

When you can ask the maker to fix or replace things they sold you that don't work properly

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Consumer Guarantees Act 1993

The right to seek help from makers when something you bought isn't good

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Consumer Guarantees Act 1993

When you can ask the maker of a product to fix problems with it

25: Circumstances where consumers have right of redress against manufacturers

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Consumer Guarantees Act 1993

When you can't ask the maker to fix a faulty product

26: Exceptions to right of redress against manufacturers

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Consumer Guarantees Act 1993

Ways to fix problems or get help when something goes wrong

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Consumer Guarantees Act 1993

What you can do if something you bought doesn't work properly

27: Options against manufacturers where goods do not comply with guarantees

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Consumer Guarantees Act 1993

Getting Things Done for You: Making Sure Services Are Good and Fair

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Consumer Guarantees Act 1993

Services must be done carefully and properly

28: Guarantee as to reasonable care and skill

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Consumer Guarantees Act 1993

Guarantee that a service will do what you ask for

29: Guarantee as to fitness for particular purpose

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Consumer Guarantees Act 1993

Services must be finished on time

30: Guarantee as to time of completion

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Consumer Guarantees Act 1993

A fair price guarantee for services when the price isn't already set

31: Guarantee as to price

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Consumer Guarantees Act 1993

What you can do if a service doesn't meet the promised quality

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Consumer Guarantees Act 1993

What you can do if a service doesn't meet the promises made to you

32: Options of consumers where services do not comply with guarantees

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Consumer Guarantees Act 1993

When you can't ask the supplier to fix a problem with a service

33: Exceptions to right of redress against supplier in relation to services

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Consumer Guarantees Act 1993

Your rights when someone does work and provides materials

34: Contracts of work and materials

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Consumer Guarantees Act 1993

Rules about stopping a service you don't want anymore

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Consumer Guarantees Act 1993

When you buy something with a small service included, you can't cancel just the service part

35: Application of right to cancel contract

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Consumer Guarantees Act 1993

When a service you get has a really big problem

36: Failure of substantial character

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Consumer Guarantees Act 1993

How to properly cancel a service contract

37: Rules applying to cancellation

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Consumer Guarantees Act 1993

What happens when you cancel a service contract

38: Effects of cancellation

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Consumer Guarantees Act 1993

Courts and Tribunals can help make things fair when you cancel a service

39: Ancillary power of court or Disputes Tribunal to grant relief

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Consumer Guarantees Act 1993

This section keeps other important rules in place

40: Saving

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Consumer Guarantees Act 1993

Other important rules and details

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Consumer Guarantees Act 1993

Things that don't follow the normal rules

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Consumer Guarantees Act 1993

When this law doesn't work: gifts from friends and charity help

41: Exceptions

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Consumer Guarantees Act 1993

When makers don't have to provide repairs and parts for things you buy

42: Exception in respect of repairs and parts

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Consumer Guarantees Act 1993

You must follow the Act's rules, except for some business deals

43: No contracting out except for business transactions

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Consumer Guarantees Act 1993

When you can stop someone who didn't make a deal with you from being responsible

43A: Exclusion of liability in favour of non-contracting supplier

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Consumer Guarantees Act 1993

Some extra rules that don't fit into other categories

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Consumer Guarantees Act 1993

How to get money back for faulty items bought on a payment plan

44: Assessment of damages in case of hire purchase agreements

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Consumer Guarantees Act 1993

Who is responsible when promises are made about goods you buy

45: Liability for representations

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Consumer Guarantees Act 1993

Who has to pay if there's a problem with something you bought

46: Liability of assignees and creditors

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Consumer Guarantees Act 1993

Changes made to an old law about buying and selling things

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Consumer Guarantees Act 1993

When the Consumer Guarantees Act applies, different rules are used instead of the Sale of Goods Act

48: Exclusion where Consumer Guarantees Act 1993 applies

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Consumer Guarantees Act 1993

Changes made to the rules about buying things on payments over time

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Consumer Guarantees Act 1993

This rule about consumer rights for hire purchases no longer exists

49: Exclusion where Consumer Guarantees Act 1993 applies

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Consumer Guarantees Act 1993

Changes to the rules for people who sell cars

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Consumer Guarantees Act 1993

How a special fund for car dealers has changed

50: Application of Motor Vehicle Dealers Fidelity Guarantee Fund

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Consumer Guarantees Act 1993

What the Disputes Tribunal can and can't decide

51: Jurisdiction of Disputes Tribunal

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Consumer Guarantees Act 1993

When you have a problem with a car, you can ask a special helper to solve it

52: Referral of certain disputes to Disputes Tribunal

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Consumer Guarantees Act 1993

Changes to rules about fixing problems in agreements

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Consumer Guarantees Act 1993

This part explains how the law deals with people who take over others' rights

53: Assignees

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Consumer Guarantees Act 1993

Changes to another law are saved and included in that law

54: Savings

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Consumer Guarantees Act 1993

These changes don't change how the Fair Trading Act and Consumer Guarantees Act work

55: Fair Trading Act 1986 and Consumer Guarantees Act 1993 not affected

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Consumer Guarantees Act 1993

Rules about when and how these laws are used

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Consumer Guarantees Act 1993

This law doesn't work for stuff you bought or services you hired before it started

56: Application of Act

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Companies Act 1993

Updating rules to make companies work better and fairer

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Companies Act 1993

Basic Rules and Definitions for Understanding Companies

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Companies Act 1993

How companies must publicly announce important information

3: Public notice

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Companies Act 1993

How to check if a company can pay its bills and is worth more than it owes

4: Meaning of solvency test

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Companies Act 1993

What it means for companies to own or control other companies

5: Meaning of holding company and subsidiary

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Companies Act 1993

This section about what counts as a subsidiary company has been removed from the law

6: Extended meaning of subsidiary

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Companies Act 1993

How control of a company's board is determined

7: Control defined

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Companies Act 1993

The Companies Act applies to everyone, including the government

9: Act binds the Crown

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Companies Act 1993

Things that must be done

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Companies Act 1993

A company becomes its own person in the eyes of the law

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Companies Act 1993

What a company can do and how it can act legally

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Companies Act 1993

Companies have broad powers but must follow legal and constitutional limits

16: Capacity and powers

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Companies Act 1993

How companies' actions are checked to make sure they're okay

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Companies Act 1993

Company actions remain valid even if they exceed company powers

17: Validity of actions

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Companies Act 1993

How companies deal with outside people and what you can trust

18: Dealings between company and other persons

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Companies Act 1993

Public availability of company documents doesn't mean you're expected to know their contents

19: No constructive notice

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Companies Act 1993

Choosing and Using a Company's Special Name

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Companies Act 1993

Rules for how companies must use their name in documents and communications

25: Use of company name

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Companies Act 1993

Rules for how a company works and what it can do

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Companies Act 1993

How a company's constitution interacts with the Companies Act

27: Effect of Act on company having constitution

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Companies Act 1993

Companies without a constitution are governed by the Companies Act

28: Effect of Act on company not having constitution

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Companies Act 1993

How a company's constitution relates to the Companies Act 1993

31: Effect of constitution

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Companies Act 1993

Rules about company money and promises to pay

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Companies Act 1993

What shares are and how you can own them

35: Legal nature of shares

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Companies Act 1993

What you can do and get as a shareholder

36: Rights and powers attaching to shares

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Companies Act 1993

Companies can issue different types of shares with varying rights and features

37: Types of shares

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Companies Act 1993

Shares have no fixed value printed on them

38: No nominal value

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Companies Act 1993

Shares can be transferred unless the company's rules say otherwise

39: Transferability of shares

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Companies Act 1993

How a company gives out parts of itself to people

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Companies Act 1993

Company boards can issue shares as they see fit, following legal and company rules

42: Issue of other shares

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Companies Act 1993

Company boards can issue new shares if shareholders approve changes to company rules

44: Shareholder approval for issue of shares

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Companies Act 1993

Existing shareholders get first chance to buy new shares

45: Pre-emptive rights

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Companies Act 1993

Board decides share price and terms for new or existing shares

47: Consideration to be decided by board

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Companies Act 1993

When you can issue shares without following the usual rules

48: Exceptions to section 47

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Companies Act 1993

Rules for issuing share options and convertible products

49: Consideration in relation to issue of options and convertible financial products

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Companies Act 1993

Shares that create new debts need your written consent before they're issued

50: Consent to issue of shares

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Companies Act 1993

Giving money or other things to people who own part of a company

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Companies Act 1993

Company directors can approve sharing profits with shareholders if the company can still pay its bills

52: Board may authorise distributions

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Companies Act 1993

Rules for companies paying money to shareholders

53: Dividends

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Companies Act 1993

Getting company shares instead of cash dividends

54: Shares in lieu of dividends

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Companies Act 1993

Rules for offering special deals to company owners

55: Shareholder discounts

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Companies Act 1993

Getting back money or assets given to shareholders when the company couldn't afford it

56: Recovery of distributions

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Companies Act 1993

Rules for reducing what shareholders owe for their shares

57: Reduction of shareholder liability a distribution

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Companies Act 1993

A company is allowed to buy its own shares.

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Companies Act 1993

A company can purchase its own shares if it follows specific legal requirements

58: Company may acquire its own shares

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Companies Act 1993

Company's rules for buying its own shares

59: Acquisition of company's own shares

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Companies Act 1993

Company board can offer to buy shares from shareholders

60: Board may make offer to acquire shares

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Companies Act 1993

Rules for companies buying back their own shares

61: Special offers to acquire shares

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Companies Act 1993

Document explaining the company's plan to buy its own shares

62: Disclosure document

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Companies Act 1993

Companies must notify shareholders before buying their own shares on the stock exchange

63: Stock exchange acquisitions subject to prior notice to shareholders

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Companies Act 1993

Company must provide information about its plan to buy its own shares

64: Disclosure document

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Companies Act 1993

Companies can buy shares on the stock exchange without telling shareholders first

65: Stock exchange acquisitions not subject to prior notice to shareholders

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Companies Act 1993

What happens to shares when a company buys them back

66: Cancellation of shares repurchased

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Companies Act 1993

When a company can be made to buy back its shares

67: Enforceability of contract to repurchase shares

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Companies Act 1993

Shares that a company owns in itself

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Companies Act 1993

Companies can keep their own shares if their rules allow it

67A: Company may hold its own shares

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Companies Act 1993

Company-owned shares have no voting rights or financial benefits

67B: Rights and obligations of shares company holds in itself suspended

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Companies Act 1993

Rules for a company selling its own shares

67C: Reissue of shares company holds in itself

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Companies Act 1993

Getting back company shares that were sold

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Companies Act 1993

Company can buy back its own shares under specific conditions

69: Redemption at option of company

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Companies Act 1993

A company must be able to pay its debts after buying back its own shares

70: Company must satisfy solvency test

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Companies Act 1993

Buying back shares from shareholders under specific conditions

71: Special redemption of shares

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Companies Act 1993

Document explaining share redemption process and rules

72: Disclosure document

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Companies Act 1993

What happens when a company buys back its own shares

73: Cancellation of shares redeemed

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Companies Act 1993

How shareholders can ask the company to buy back their redeemable shares

74: Redemption at option of shareholder

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Companies Act 1993

Shares redeemable on a set date: What happens when a company buys them back

75: Redemption on fixed date

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Companies Act 1993

A company can help buy its own shares

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Companies Act 1993

Rules for companies helping someone buy their shares

76: Financial assistance

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Companies Act 1993

A company must ensure it can pay its bills before helping someone buy its shares

77: Company must satisfy solvency test

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Companies Act 1993

Rules for companies providing financial assistance to purchase their own shares

78: Special financial assistance

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Companies Act 1993

A report explaining how a company is helping someone buy its shares

79: Disclosure document

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Companies Act 1993

Company can give small financial help for share purchases if conditions met

80: Financial assistance not exceeding 5% of shareholders' funds

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Companies Act 1993

How transactions can still be valid even if company rules aren't followed

81: Enforceability of transactions

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Companies Act 1993

When companies own shares in each other

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Companies Act 1993

A company cannot own shares in a company that owns it

82: Subsidiary may not hold shares in holding company

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Companies Act 1993

A document that tells you what you can do as someone who owns part of a company

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Companies Act 1993

Shareholders can request a summary of their share details and rights

83: Statement of rights to be given to shareholders

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Companies Act 1993

How to give your shares to someone else

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Companies Act 1993

Rules for transferring company shares through an approved system

85: Transfer of shares under approved system

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Companies Act 1993

How shares can change hands automatically due to legal requirements

86: Transfer of shares by operation of law

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Companies Act 1993

A list that shows who owns parts of a company

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Companies Act 1993

The share register proves legal ownership of shares, with some exceptions

89: Share register as evidence of legal title

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Companies Act 1993

Directors must ensure the company's share register is accurate and up to date

90: Directors' duty to supervise share register

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Companies Act 1993

Court can correct mistakes in share register and compensate affected parties

91: Power of court to rectify share register

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Companies Act 1993

The share register must not include any information about trusts

92: Trusts not to be entered on register

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Companies Act 1993

When you're bankrupt, someone else can be registered as the owner of your shares

94: Assignee of bankrupt may be registered

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Companies Act 1993

Papers that show you own part of a company

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Companies Act 1993

Rules for receiving and using share certificates

95: Share certificates

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Companies Act 1993

What shareholders can do and must do

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Companies Act 1993

What shareholders are responsible for

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Companies Act 1993

Shareholders' financial responsibilities to the company are limited

97: Liability of shareholders

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Companies Act 1993

Former shareholders may still owe money to the company in certain situations

98: Liability of former shareholders

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Companies Act 1993

Rules about owing money to a company for current and former shareholders

99: Additional provisions relating to liability of shareholders and former shareholders

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Companies Act 1993

Shareholders' responsibilities for unpaid amounts on shares

100: Liability for calls

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Companies Act 1993

Company rule changes can't force you to buy more shares

101: Shareholders not required to acquire shares by alteration to constitution

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Companies Act 1993

When a personal representative holds shares for a deceased person's estate, their liability is limited

102: Liability of personal representative

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Companies Act 1993

Assignee's limited responsibility for bankrupt shareholder's unpaid shares

103: Liability of an assignee

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Companies Act 1993

What shareholders can do in a company

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Companies Act 1993

How shareholders can use their special company powers

104: Exercise of powers reserved to shareholders

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Companies Act 1993

How shareholders make decisions by ordinary resolution

105: Exercise of powers by ordinary resolution

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Companies Act 1993

Shareholders use special votes for big company decisions

106: Powers exercised by special resolution

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Companies Act 1993

Company actions allowed when all decision-makers agree

107: Unanimous assent to certain types of action

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Companies Act 1993

Company must ensure it can pay its debts before using certain powers

108: Company to satisfy solvency test

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Companies Act 1993

Shareholders can discuss and vote on company management at meetings

109: Management review by shareholders

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Companies Act 1993

What happens when some shareholders want to sell their shares because they don't agree with a big change

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Companies Act 1993

You can make the company buy your shares if you disagree with major changes

110: Shareholder may require company to purchase shares

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Companies Act 1993

How to tell a company you want them to buy your shares

111: Notice requiring purchase

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Companies Act 1993

How the company decides the price when buying your shares

112: Price for shares to be purchased by company determined

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Companies Act 1993

Rules for when someone else buys your shares in a company

113: Purchase of shares by third party

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Companies Act 1993

Court can excuse company from buying shares if it would cause harm

114: Court may grant exemption

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Companies Act 1993

Court can excuse company from buying shares if it can't afford them

115: Court may grant exemption if company insolvent

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Companies Act 1993

Groups of people who have a shared interest in a company

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Companies Act 1993

Defines how shares are grouped and shareholders are affected by company actions

116: Meaning of classes and interest groups

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Companies Act 1993

Changing shareholder rights requires approval from affected groups

117: Alteration of shareholder rights

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Companies Act 1993

You can ask the company to buy your shares if you disagree with major changes

118: Shareholder may require company to purchase shares

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Companies Act 1993

Company actions affecting share rights can still be valid without proper approval

119: Actions not invalid

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Companies Act 1993

Times when company owners come together to make decisions

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Companies Act 1993

When and how special shareholder meetings can be called

121: Special meetings of shareholders

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Companies Act 1993

Making company decisions without holding a meeting

122: Resolution in lieu of meeting

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Companies Act 1993

Court can arrange shareholder meetings when normal methods aren't possible

123: Court may call meeting of shareholders

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Companies Act 1993

How shareholder meetings are conducted and the rules that apply

124: Proceedings at meetings

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Companies Act 1993

Finding out who owns parts of a company

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Companies Act 1993

Shareholders' rights: who can receive money, attend meetings, and make decisions

125: Shareholders entitled to receive distributions, attend meetings, and exercise rights

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Companies Act 1993

Rules for the bosses: What they can do and must do

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Companies Act 1993

Who counts as a director of a company

126: Meaning of director

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Companies Act 1993

What 'board' means for companies with one or more directors

127: Meaning of board

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Companies Act 1993

Bosses can make decisions about how to run the company

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Companies Act 1993

How a company is run and who's in charge

128: Management of company

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Companies Act 1993

Companies need special approval for big purchases, sales, or deals worth over half their assets

129: Major transactions

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Companies Act 1993

Directors can assign tasks but remain accountable for their completion

130: Delegation of powers

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Companies Act 1993

What directors must do and what they can do

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Companies Act 1993

Directors must make decisions in the company's best interests

131: Duty of directors to act in good faith and in best interests of company

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Companies Act 1993

Directors can help employees when a company reduces or stops business

132: Exercise of powers in relation to employees

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Companies Act 1993

Directors must use their powers only for their intended purpose

133: Powers to be exercised for proper purpose

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Companies Act 1993

Directors must follow the law and company rules

134: Directors to comply with Act and constitution

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Companies Act 1993

Directors must not allow risky business practices that could harm creditors

135: Reckless trading

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Companies Act 1993

Directors must carefully consider if the company can fulfil new obligations

136: Duty in relation to obligations

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Companies Act 1993

Directors must act carefully and skillfully in their role

137: Director's duty of care

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Companies Act 1993

How directors can use information and advice from others to make decisions

138: Use of information and advice

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Companies Act 1993

Rules about when directors can make deals that benefit themselves

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Companies Act 1993

What it means to be 'interested' in a company transaction as a director

139: Meaning of interested

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Companies Act 1993

Directors must disclose their business interests to the company

140: Disclosure of interest

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Companies Act 1993

Cancelling transactions involving company directors

141: Avoidance of transactions

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Companies Act 1993

How cancellation of a company's transaction affects innocent buyers

142: Effect on third parties

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Companies Act 1993

When sections 140 and 141 don't apply to directors' payments or protections

143: Application of sections 140 and 141 in certain cases

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Companies Act 1993

Directors can participate in decisions on deals they have a personal interest in

144: Interested director may vote

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Companies Act 1993

Rules for directors using confidential company information

145: Use of company information

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Companies Act 1993

What counts as having control over a company's shares

146: Meaning of relevant interest

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Companies Act 1993

Some situations where your share ownership interests don't count

147: Relevant interests to be disregarded in certain cases

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Companies Act 1993

Directors must report their company share ownership and trades

148: Disclosure of share dealing by directors

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Companies Act 1993

Directors must follow rules when trading company shares

149: Restrictions on share dealing by directors

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Companies Act 1993

How company leaders are chosen and removed from their jobs

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Companies Act 1993

Directors must agree in writing before being appointed

152: Director's consent required

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Companies Act 1993

Vote on directors one at a time, unless everyone agrees otherwise

155: Appointment of directors to be voted on individually

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Companies Act 1993

How a company can remove a director from their position

156: Removal of directors

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Companies Act 1993

Director's actions remain valid despite appointment issues

158: Validity of director's acts

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Companies Act 1993

Extra rules about the people who run companies

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Companies Act 1993

How directors can be paid and receive benefits for their work

161: Remuneration and other benefits

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Companies Act 1993

Rules for protecting and insuring company directors and employees

162: Indemnity and insurance

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Companies Act 1993

Making sure companies and their bosses follow the rules

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Companies Act 1993

Explaining who counts as a shareholder or entitled person under this law

163: Interpretation

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Companies Act 1993

Court orders to stop someone from doing something wrong

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Companies Act 1993

Court can stop companies or directors from breaking rules

164: Injunctions

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Companies Act 1993

Legal actions taken on behalf of a company

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Companies Act 1993

Court permission for shareholders or directors to act on behalf of a company in legal matters

165: Derivative actions

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Companies Act 1993

Company may have to pay costs for shareholder or director's legal action on its behalf

166: Costs of derivative action to be met by company

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Companies Act 1993

Court's powers when allowing legal action about a company

167: Powers of court where leave granted

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Companies Act 1993

When shareholders can take action on their own

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Companies Act 1993

Shareholders can sue directors for not fulfilling their duties

169: Personal actions by shareholders against directors

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Companies Act 1993

Shareholders can ask courts to make directors follow company rules or laws

170: Actions by shareholders to require directors to act

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Companies Act 1993

How shareholders can take legal action against their company

171: Personal actions by shareholders against company

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Companies Act 1993

Shareholders can ask the court to make the company's board take action

172: Actions by shareholders to require company to act

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Companies Act 1993

How shareholders can group together to take legal action against a company or director

173: Representative actions

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Companies Act 1993

Seeking court help for unfair treatment as a shareholder

174: Prejudiced shareholders

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Companies Act 1993

Actions that can be unfair to shareholders

175: Certain conduct deemed prejudicial

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Companies Act 1993

How a company's constitution can be changed by a court

176: Alteration to constitution

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Companies Act 1993

Approving or accepting something that has already happened

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Companies Act 1993

Shareholders can approve directors' actions that were not originally authorised

177: Ratification of certain actions of directors

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Companies Act 1993

Looking at important company papers

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Companies Act 1993

Shareholders can request and receive company information

178: Information for shareholders

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Companies Act 1993

How shareholders or creditors can request a court-approved examination of company records

179: Investigation of records

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Companies Act 1993

Rules for running companies and keeping track of important information

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Companies Act 1993

How a company can make promises or agreements

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Companies Act 1993

How a company can make legally binding agreements

180: Method of contracting

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Companies Act 1993

Agreements made before a company is officially created

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Companies Act 1993

Companies can approve contracts made before they were officially formed

182: Pre-incorporation contracts may be ratified

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Companies Act 1993

Promises made when setting up contracts for future companies

183: Warranties implied in pre-incorporation contracts

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Companies Act 1993

What happens if a company doesn't approve a contract made before it was formed

184: Failure to ratify

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Companies Act 1993

What happens if a company breaks a contract made before it was formed

185: Breach of pre-incorporation contract

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Companies Act 1993

Things a company must keep track of

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Companies Act 1993

Directors can inspect company records, with some exceptions

191: Inspection of records by directors

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Companies Act 1993

Where a company can receive official papers or messages

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Companies Act 1993

Money books and money stories

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Companies Act 1993

Companies must maintain accurate and accessible accounting records

194: Accounting records must be kept

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Companies Act 1993

This section summarises which companies must follow financial reporting rules

196: Overview

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Companies Act 1993

Companies with other financial reporting duties don't need to follow these rules

197: Non-application of subpart if alternative financial reporting duties under financial markets legislation

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Companies Act 1993

Explaining key terms used in financial record-keeping and reporting rules

198: Interpretation

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Companies Act 1993

How to count shareholders for company records

199: Determining number of shareholders

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Companies Act 1993

Which companies must prepare financial statements

200: Application of preparation provisions

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Companies Act 1993

Companies must create and sign accurate financial reports within set timeframes

201: Financial statements must be prepared

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Companies Act 1993

Companies with subsidiaries must prepare group financial statements within set timeframes

202: Group financial statements must be prepared

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Companies Act 1993

Overseas financial statements can be accepted if they meet similar standards

203: Recognition of financial reporting requirements of overseas countries

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Companies Act 1993

Overseas companies with large NZ operations must report separate NZ financial statements

204: Financial statements for overseas company must include financial statements for large New Zealand business

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Companies Act 1993

Aligning financial year-ends for parent companies and their subsidiaries

205: Balance date of subsidiaries

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Companies Act 1993

When companies must have their financial statements audited

206: Application of audit requirement

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Companies Act 1993

Companies need to have their financial statements checked by a qualified auditor

207: Financial statements must be audited

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Companies Act 1993

Telling people about the company's activities and money

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Companies Act 1993

Companies must share important information with their owners.

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Companies Act 1993

Companies must create a yearly report on their activities

208: Obligation to prepare annual report

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Companies Act 1993

Companies must provide shareholders with annual reports or notices about accessing them

209: Obligation to make annual report available to shareholders

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Companies Act 1993

Board must provide annual report to shareholders upon request

209A: Board must send copy of annual report or concise annual report on request

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Companies Act 1993

Company must keep annual reports easily accessible online

209B: Annual report and concise annual report made available by electronic means

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Companies Act 1993

This section about shareholder information has been removed from the Act

210: Information for shareholders who elect not to receive annual report

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Companies Act 1993

What you need to include in your company's yearly report

211: Contents of annual report

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Companies Act 1993

Non-active companies no longer exempt from financial reporting requirements

211A: Obligations to prepare and make available annual reports or financial statements do not apply to non-active companies

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Companies Act 1993

You can choose not to receive certain company documents

212: Shareholders may elect not to receive documents

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Companies Act 1993

Forgetting to send documents doesn't make meeting decisions invalid

213: Failure to disclose

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Companies Act 1993

Looking at a company's important papers

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Companies Act 1993

How you can see a company's important information

215: Public inspection of company records

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Companies Act 1993

Shareholders can view specific company records upon written request

216: Inspection of company records by shareholders

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Companies Act 1993

How and when you can inspect company documents

217: Manner of inspection

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Companies Act 1993

How to get copies of company documents you're allowed to see

218: Copies of documents

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Companies Act 1993

Joining Companies Together: How Businesses Can Become One

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Companies Act 1993

How to create a plan for combining companies

220: Amalgamation proposal

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Companies Act 1993

How companies get approval to join together

221: Approval of amalgamation proposal

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Companies Act 1993

Simplified process for combining wholly-owned or commonly-owned companies

222: Short form amalgamation

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Companies Act 1993

Rules for handling company records and property ownership during mergers

225A: Registers

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Companies Act 1993

Court can intervene in company mergers to ensure fairness

226: Powers of court in other cases

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Companies Act 1993

Making deals with people the company owes money to

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Companies Act 1993

Explaining key terms used in rules about company debt agreements

227: Interpretation

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Companies Act 1993

Suggesting a plan to help a struggling company pay its debts

228: Compromise proposal

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Companies Act 1993

Telling people about a plan to make a deal with a company's creditors

229: Notice of proposed compromise

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Companies Act 1993

How a compromise between a company and its creditors becomes binding

230: Effect of compromise

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Companies Act 1993

How to change an approved compromise with creditors

231: Variation of compromise

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Companies Act 1993

Court can assist with company debt arrangements and ensure fairness

232: Powers of court

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Companies Act 1993

How a compromise affects a company in liquidation

233: Effect of compromise in liquidation of company

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Companies Act 1993

Who pays for meetings about company debt compromises

234: Costs of compromise

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Companies Act 1993

When companies want to join or change, a judge needs to say it's okay

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Companies Act 1993

Explaining key terms used in this part of the Companies Act

235: Interpretation

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Companies Act 1993

Court approval for company changes and agreements

236: Approval of arrangements, amalgamations, and compromises

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Companies Act 1993

Court can make extra orders to help approved company changes happen

237: Court may make additional orders

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Companies Act 1993

Court approval for company mergers and agreements remains available alongside other methods

238: Parts 13 and 14 not affected

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Companies Act 1993

Rules for compromises approved under section 236

239: Application of section 233

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Companies Act 1993

When a company needs help to fix its money problems

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Companies Act 1993

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Companies Act 1993

This part explains how to help struggling companies survive or wind down fairly

239A: Objects of this Part

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Companies Act 1993

Definitions of key terms used in company administration

239B: Interpretation of some key terms

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Companies Act 1993

Explaining key terms used in the Companies Act 1993

239C: Interpretation of other terms

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Companies Act 1993

When a company's voluntary administration process starts

239D: When administration begins

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Companies Act 1993

Ways a company's voluntary administration can end

239E: When administration ends

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Companies Act 1993

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Companies Act 1993

Who can appoint an administrator for a company

239H: Who may appoint administrator

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Companies Act 1993

How a company can appoint an administrator when it's in financial trouble

239I: Appointment by company

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Companies Act 1993

Liquidator or interim liquidator can appoint an administrator for a struggling company

239J: Appointment by liquidator or interim liquidator

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Companies Act 1993

A secured creditor can appoint an administrator when their charge becomes enforceable

239K: Appointment by secured creditor

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Companies Act 1993

Court can appoint an administrator for a company in certain situations

239L: Appointment by court

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Companies Act 1993

You can't cancel an administrator's appointment, except by court order or creditor decision

239M: Appointment must not be revoked

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Companies Act 1993

How multiple administrators can be appointed and work together

239N: Appointment of 2 or more administrators

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Companies Act 1993

How administrators get paid for their work and how their pay can be reviewed

239O: Remuneration of administrator

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Companies Act 1993

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Companies Act 1993

How an administrator can resign and what they must do afterwards

239Q: Administrator may resign

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Companies Act 1993

How to remove an administrator and appoint a new one

239R: Removal of administrator

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Companies Act 1993

Creditors decide whether to keep or replace the new administrator at a meeting

239T: Creditors must consider appointment of replacement administrator

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Companies Act 1993

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Companies Act 1993

Administrator's duties and powers when a company is in administration

239U: Outline of administrator's role

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Companies Act 1993

What an administrator can do when managing a company in voluntary administration

239V: Administrator's powers

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Companies Act 1993

The administrator acts on behalf of a company in voluntary administration

239W: Administrator is company's agent

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Companies Act 1993

Directors' powers are restricted while a company is under administration

239X: Effect on directors

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Companies Act 1993

Rules for property transactions when a company is in administration

239Z: Effect on dealing with company property

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Companies Act 1993

Officers may have to pay compensation for wrongful actions that cause losses

239AA: Company officer's liability for compensation for void transaction or dealing

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Companies Act 1993

Share transfers and shareholder changes are restricted during company administration

239AB: Effect on transfer of shares

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Companies Act 1993

Pausing liquidation when an administrator is appointed

239AC: Effect on liquidation

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Companies Act 1993

How a receiver's role continues when an administrator is appointed

239AD: Effect on receivership

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Companies Act 1993

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Companies Act 1993

Administrator checks company's situation and considers options for creditors

239AE: Administrator must investigate company's affairs and consider possible courses of action

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Companies Act 1993

Directors must provide a company overview to the administrator

239AF: Directors' statement of company's position

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Companies Act 1993

Administrator's access to company documents and information during voluntary administration

239AG: Administrator's right to documents, etc

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Companies Act 1993

This rule about reporting misconduct no longer exists

239AI: Administrator must report misconduct

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Companies Act 1993

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Companies Act 1993

Administrator organises meetings for creditors to make decisions about the company

239AJ: Administrator must call creditors' meetings

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Companies Act 1993

How creditors' meetings are run and decisions are made

239AK: Conduct of creditors' meetings

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Companies Act 1993

Creditors of related companies in administration can meet together if everyone agrees

239AL: Joint meetings of creditors of related companies in administration

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Companies Act 1993

Court approval needed for related creditors' votes in company administration

239AM: Related creditor’s vote disregarded unless court orders otherwise

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Companies Act 1993

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Companies Act 1993

Administrator must organise a quick meeting with people the company owes money to

239AN: Administrator must call first creditors' meeting

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Companies Act 1993

Rules for notifying creditors about meetings during voluntary administration

239AO: Notice of first and subsequent creditors' meetings

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Companies Act 1993

Administrator must share key documents at initial creditors' meeting

239AP: Administrator must table documents at first creditors' meeting

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Companies Act 1993

What a creditors' committee does when a company is being managed by an administrator

239AQ: Functions of creditors' committee

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Companies Act 1993

Who can be on a creditors' committee

239AR: Membership of creditors' committee

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Companies Act 1993

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Companies Act 1993

A watershed meeting is where creditors decide the company's future

239AS: What watershed meeting is

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Companies Act 1993

Administrator must organise a watershed meeting within 20 working days

239AT: Administrator must convene watershed meeting

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Companies Act 1993

Notifying creditors about the watershed meeting and providing key information

239AU: Notice of watershed meeting

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Companies Act 1993

Timing for holding a watershed meeting after the convening period ends

239AV: When watershed meeting must be held

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Companies Act 1993

Directors must go to important meeting about company's future, with some exceptions

239AW: Directors must attend watershed meeting

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Companies Act 1993

Sharing information about pre-arranged voting agreements before creditor meetings

239AX: Disclosure of voting arrangements

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Companies Act 1993

Court can group pooled property owners separately for voting on company rescue plans

239AY: Court may order that pooled property owners are separate class

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Companies Act 1993

Postponing the watershed meeting for up to 30 working days or longer with court approval

239AZ: Adjournment of watershed meeting

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Companies Act 1993

Creditors choose the company's future at a crucial meeting

239ABA: What creditors may decide at watershed meeting

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Companies Act 1993

Creditors can review the draft deed if full agreement isn't reached at the watershed meeting

239ABB: What happens if proposed deed not fully approved at watershed meeting

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Companies Act 1993

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Companies Act 1993

Charges on company property can't be enforced during administration, with limited exceptions

239ABC: Charge unenforceable

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Companies Act 1993

Company property can't be taken back during administration

239ABD: Owner or lessor must not recover property used by company

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Companies Act 1993

You can't start or continue legal action against a company in administration

239ABE: Proceeding must not be begun or continued

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Companies Act 1993

Administrators protected from legal action for withholding consent

239ABF: Administrator not liable in damages for refusing consent

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Companies Act 1993

No legal actions can take company property during administration without court approval

239ABG: Enforcement process halted

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Companies Act 1993

Court officers' responsibilities when handling a company's property during administration

239ABH: Duties of court officer in relation to company's property

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Companies Act 1993

Company in voluntary administration treated as if bankruptcy proceedings have started

239ABI: Lis pendens taken to exist

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Companies Act 1993

Directors and relatives protected from guarantee enforcement during company administration

239ABJ: Administration not to trigger enforcement of guarantee of liability of director or relative

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Companies Act 1993

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Companies Act 1993

Explaining key terms for secured creditors during company administration

239ABK: Meaning of terms used in this subpart

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Companies Act 1993

What happens when a secured creditor enforces their rights during company administration

239ABL: If secured creditor acts before or during decision period

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Companies Act 1993

What happens if someone starts enforcing a charge before a company goes into administration

239ABM: If enforcement of charges begins before administration

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Companies Act 1993

Special rules for handling perishable property under charge during company administration

239ABN: Charge over perishable property

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Companies Act 1993

Court can restrict actions of those with rights over a company's property during administration

239ABO: Court may limit powers of secured creditor, etc, in relation to property subject to charge

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Companies Act 1993

Notices under security agreements still allowed despite other rules

239ABP: Giving notice under security agreement

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Companies Act 1993

Property recovery started before administration can continue

239ABQ: If recovery of property begins before administration

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Companies Act 1993

Retrieving quickly spoiling goods during company financial difficulties

239ABR: Recovering perishable property

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Companies Act 1993

Court can stop property owners from taking back items used by companies in financial trouble

239ABS: Court may limit powers of receiver, etc, in relation to property used by company

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Companies Act 1993

Notifying a company about property during voluntary administration

239ABT: Giving notice under agreement about property

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Companies Act 1993

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Companies Act 1993

How a company in administration can get a liquidator

239ABU: When liquidator may be appointed to company in administration

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Companies Act 1993

Court can delay decision on closing a company in administration

239ABV: Court may adjourn application for liquidation

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Companies Act 1993

Court won't appoint temporary company closer if staying open is better for people owed money

239ABW: Court must not appoint interim liquidator if administration in creditors' interests

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Companies Act 1993

Appointing a liquidator ends the administration and starts winding up the company

239ABX: Effect of appointment of liquidator

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Companies Act 1993

The company's former administrator usually becomes the liquidator if no one else is chosen or available

239ABY: Former administrator is default liquidator

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Companies Act 1993

Update and submit reports when a company in administration becomes liquidated

239ABZ: Person in control of company must lodge revised report with Registrar

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Companies Act 1993

Administrator's honest actions remain valid if company later liquidates

239ACA: Act of administrator in good faith must not be set aside in liquidation

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Companies Act 1993

Rules about undoing certain company transactions may not apply during administration

239ACB: Voidable transactions and voidable dispositions

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Companies Act 1993

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Companies Act 1993

The deed administrator manages a company's arrangement and is usually the same as the administrator

239ACC: Who is deed administrator

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Companies Act 1993

Deed administrator's requirements before taking on the role

239ACE: What deed administrator must do before appointment

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Companies Act 1993

You can't remove a deed administrator once they're appointed

239ACF: Appointment of deed administrator must not be revoked

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Companies Act 1993

Multiple people can be appointed as deed administrators and work together or separately

239ACG: Appointment of 2 or more deed administrators

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Companies Act 1993

How a deed administrator's position becomes vacant

239ACH: When office of deed administrator vacant

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Companies Act 1993

Deed administrator can quit by writing to the company

239ACI: Deed administrator may resign

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Companies Act 1993

How the court can change who manages a company's debt arrangement

239ACJ: Removal of deed administrator

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Companies Act 1993

How much the deed administrator can charge for their work

239ACK: Remuneration of deed administrator

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Companies Act 1993

Deed administrator can sell company shares with consent or court approval

239ACL: Deed administrator may sell shares in company

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Companies Act 1993

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Companies Act 1993

This section explains when the rules for company arrangements decided by creditors apply

239ACM: When this subpart applies

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Companies Act 1993

Rules for creating a document that sets out how a company in voluntary administration will pay its debts

239ACN: Preparation and contents of deed

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Companies Act 1993

How a company signs a deed of arrangement during voluntary administration

239ACO: Execution of deed

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Companies Act 1993

What happens when a deed of company arrangement isn't fully approved at the watershed meeting

239ACP: Procedure if deed not fully approved at watershed meeting

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Companies Act 1993

Creditors must follow proposed arrangement rules before the deal is signed

239ACQ: Creditor must not act inconsistently with deed, etc, before execution

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Companies Act 1993

What happens if a company doesn't sign a deed of company arrangement on time

239ACR: Company's failure to execute deed

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Companies Act 1993

Who must follow a company's deed of arrangement

239ACS: Who is bound by deed

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Companies Act 1993

How a deed of arrangement affects people the company owes money to

239ACT: Extent to which deed binds creditors

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Companies Act 1993

Deed-bound people can't liquidate or sue company during arrangement

239ACU: Person bound by deed must not take steps to liquidate, etc

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Companies Act 1993

Court can temporarily stop actions against company property to help arrangement succeed

239ACV: Court may restrain creditors and others from enforcing charge or recovering property

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Companies Act 1993

How a deed of company arrangement affects the company's debts and guarantors

239ACW: Effect of deed on company's debts

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Companies Act 1993

Court can decide if a deed of company arrangement is valid

239ACX: Court may rule on validity of deed

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Companies Act 1993

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Companies Act 1993

Administrator also refers to deed administrator in this part of the Act

239ACY: Administrator includes deed administrator

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Companies Act 1993

Company administrator must report financial activities regularly

239ACZ: Administrator must file accounts

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Companies Act 1993

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Companies Act 1993

Creditors can modify the deed of company arrangement through a resolution

239ADA: Creditors may vary deed

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Companies Act 1993

Court can cancel or change creditors' alterations to company agreements

239ADB: Court may cancel creditors' variation

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Companies Act 1993

How a deed of company arrangement can end and what happens after

239ADC: Termination of deed

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Companies Act 1993

Court can end a company arrangement if asked and there are good reasons

239ADD: Termination by court

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Companies Act 1993

How creditors can end a deed if its rules are seriously broken

239ADE: Termination by creditors

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Companies Act 1993

Creditors can meet to discuss changing or ending a company's voluntary administration deed

239ADF: Creditors' meeting to consider proposed variation or termination of deed

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Companies Act 1993

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Companies Act 1993

Administrator's limited responsibility for company debts

239ADG: Administrator not liable for company's debts except as provided in this subpart and in section 239Y

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Companies Act 1993

Administrator must pay for debts incurred while managing the company

239ADH: Administrator liable for general debts

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Companies Act 1993

Administrator must pay rent for company property after 7 days of administration

239ADI: Administrator's liability for rent

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Companies Act 1993

Administrator not required to pay rent for unused property during voluntary administration

239ADJ: Administrator not liable for rental if non-use notice in force

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Companies Act 1993

Court can release administrator from paying rent, but company still responsible

239ADK: Court may exempt administrator from liability for rent

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Companies Act 1993

Protection from personal liability for company administrators

239ADL: Administrator's indemnity

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Companies Act 1993

Administrator's repayment rights come before most other company debts

239ADM: Administrator's right of indemnity has priority over other debts

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Companies Act 1993

Administrator's right to company property to ensure repayment

239ADN: Lien to secure indemnity

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Companies Act 1993

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Companies Act 1993

The court can make decisions about how the rules apply to a company

239ADO: Court's general power

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Companies Act 1993

Court can make orders to safeguard creditors' interests during company administration

239ADP: Orders to protect creditors during administration

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Companies Act 1993

Court can check if an administrator was appointed correctly

239ADQ: Court may rule on validity of administrator's appointment

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Companies Act 1993

Administrator can ask the court for guidance on their duties

239ADR: Administrator may seek directions

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Companies Act 1993

Court can oversee and correct administrator's actions to protect company stakeholders

239ADS: Court may supervise administrator or deed administrator

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Companies Act 1993

Court can order administrators to fix their mistakes

239ADT: Court may order administrator or deed administrator to remedy default

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Companies Act 1993

Court can act when a company has no administrator

239ADU: Court's power when office of administrator or deed administrator vacant, etc

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Companies Act 1993

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Companies Act 1993

Company administrator must quickly notify people about their appointment

239ADW: Administrator must give notice of appointment

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Companies Act 1993

Secured creditor must promptly notify company when appointing administrator

239ADX: Secured creditor who appoints administrator must give notice to company

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Companies Act 1993

Deed manager must inform creditors, advertise, and notify officials when company arrangement becomes official

239ADY: Deed administrator must give notice of execution of deed of company arrangement

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Companies Act 1993

Administrator tells everyone if company doesn't sign agreement on time

239ADZ: Deed administrator must give notice of failure to execute deed of company arrangement

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Companies Act 1993

Administrator must notify everyone when creditors end company arrangement

239AEA: Deed administrator must give notice of termination by creditors of deed of company arrangement

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Companies Act 1993

Company in financial trouble must add special words after its name

239AEB: Company must disclose fact of administration

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Companies Act 1993

Displaying old company name alongside new name during administration or liquidation

239AEC: Notice of change of name

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Companies Act 1993

Breaking voluntary administration rules doesn't usually invalidate actions, but courts can decide otherwise

239AED: Effect of contravention of this subpart

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Companies Act 1993

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Companies Act 1993

Legal validity of actions taken during company administration

239AEE: Effect of things done during administration of company

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Companies Act 1993

Extra time given when law prevents meeting deadlines

239AEF: Interruption of time for doing act

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Companies Act 1993

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Companies Act 1993

Balancing debts and credits between a company and its creditors under a deed of company arrangement

239AEG: Mutual credit and set-off

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Companies Act 1993

Rules for written netting agreements and how they apply

239AEH: Application of set-off under netting agreement

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Companies Act 1993

How to work out the final amount owed under a netting agreement

239AEI: Calculation of netted balance

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Companies Act 1993

Transactions in bilateral agreements must involve mutual exchanges between parties

239AEJ: Mutuality required for transactions under bilateral netting agreements

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Companies Act 1993

When special financial agreements apply even without mutual transactions, except for certain trustee situations

239AEK: When mutuality required for transactions under recognised multilateral netting agreements

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Companies Act 1993

Rules for handling set-offs in netting agreements during company administration

239AEL: Application of set-off under section 239AEG to transactions subject to netting agreements

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Companies Act 1993

Special rules for netting agreements during company administration

239AEM: Transactions under netting agreement and effect on certain sections

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Companies Act 1993

Netting agreements remain valid when a company enters administration

239AEN: Rights under netting agreement not affected by commencement of administration

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Companies Act 1993

Recognising a clearing house applies rules from other sections

239AEO: Effect of declaration of person as recognised clearing house under section 310K

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Companies Act 1993

Changes to special agreements don't affect earlier transactions under recognised multi-party agreements

239AEP: Transactions under recognised multilateral netting agreement not affected by variation or revocation of declaration under section 310K

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Companies Act 1993

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Companies Act 1993

Court can combine management of related companies in financial trouble

239AER: Court may order single administration for related companies in administration

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Companies Act 1993

Rules for deciding if multiple companies can be managed together in administration

239AET: Guidelines for single administration order

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Companies Act 1993

Court can add a related company in administration to an existing group

239AEU: Court may order that related company in administration be added to existing pool

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Companies Act 1993

How creditors vote when multiple related companies are being managed together

239AEV: Creditors' meetings in single administration of pool companies

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Companies Act 1993

Companies in a group can sign one shared management plan

239AEW: Pool companies may execute single deed of company administration

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Companies Act 1993

Rules for closing down and tidying up companies that can't pay their bills

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Companies Act 1993

How a company is officially closed down and its assets are sold

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Companies Act 1993

Definitions of key terms used in the Companies Act 1993 for closing down a company

240: Interpretation

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Companies Act 1993

When and how a liquidator is appointed to manage a company's closure

241: Commencement of liquidation

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Companies Act 1993

Limits on who can appoint a liquidator after a court request is made

241AA: Restriction on appointment of liquidator by shareholders or board after application for court appointment served on company

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Companies Act 1993

Record when a company's liquidation begins

241A: Commencement of liquidation to be recorded

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Companies Act 1993

Liquidators must work together unless given permission to act independently

242: Liquidators to act jointly unless otherwise stated

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Companies Act 1993

Liquidator must arrange a creditors' meeting to discuss the liquidation process

243: Liquidator to summon meeting of creditors

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Companies Act 1993

Liquidator must call a creditors' meeting in certain situations

244: Liquidator to summon meeting of creditors in other cases

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Companies Act 1993

Liquidator can skip creditor meetings if deemed unnecessary

245: Liquidator may dispense with meetings of creditors

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Companies Act 1993

Related creditors' votes don't count unless a court approves

245A: Related creditor’s vote at meeting of creditors to be disregarded unless court orders otherwise

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Companies Act 1993

Court can appoint temporary manager to protect company assets during liquidation decision

246: Interim liquidator

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Companies Act 1993

What happens when a company starts liquidation

248: Effect of commencement of liquidation

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Companies Act 1993

Court can end the liquidation process if it's fair and justified

250: Court may terminate liquidation

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Companies Act 1993

Rules about what happens before a company is forced to close

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Companies Act 1993

Limits on creditors taking company property when company is closing

251: Restriction on rights of creditors to complete execution, distraint, or attachment

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Companies Act 1993

Rules for handling company property during legal action and liquidation

252: Duties of officer in execution process

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Companies Act 1993

What liquidators must do, can do, and are allowed to do

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Companies Act 1993

Liquidator's main job: manage company assets during closure

253: Principal duty of liquidator

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Companies Act 1993

Liquidator can choose when to act on property with charges

254: Liquidator not required to act in certain cases

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Companies Act 1993

Liquidator's responsibilities for communication and reporting

255: Other duties of liquidator

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Companies Act 1993

Listen to shareholders and creditors when closing a company

258: Duty to have regard to views of creditors and shareholders

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Companies Act 1993

Liquidators no longer required to report suspected offences

258A: Duty to report suspected offences

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Companies Act 1993

Company documents must show when a company is being closed down

259: Documents to state company in liquidation

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Companies Act 1993

What a liquidator can do when winding up a company

260: Powers of liquidator

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Companies Act 1993

Liquidator can transfer their right to sue to someone else with court approval

260A: Liquidator may assign right to sue under this Act

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Companies Act 1993

Liquidators can request company documents and information from relevant parties

261: Power to obtain documents and information

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Companies Act 1993

Receiver must allow liquidator access to company documents while retaining possession

262: Documents in possession of receiver

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Companies Act 1993

Limits on keeping company documents as security for unpaid debts during liquidation

263: Restriction on enforcement of lien over documents

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Companies Act 1993

Documents creating a legal claim over company property must be given to the liquidator

264: Delivery of document creating charge over property

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Companies Act 1993

The court can make people follow the liquidator's requests and answer questions about the company

266: Powers of court

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Companies Act 1993

Protection from self-incrimination during company examinations

267: Self-incrimination

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Companies Act 1993

Liquidator can make shareholders pay what they owe to the company

268: Power of liquidator to enforce liability of shareholders and former shareholders

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Companies Act 1993

Liquidators can remove problematic property from the company

269: Power to disclaim onerous property

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Companies Act 1993

Liquidator can be asked to decide about unwanted property

270: Liquidator may be required to elect whether to disclaim onerous property

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Companies Act 1993

Combining assets and debts of connected companies during liquidation

271: Pooling of assets of related companies

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Companies Act 1993

Notify liquidator and creditors about application for related company order

271A: Notice that application filed must be given to administrators and creditors

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Companies Act 1993

Rules for the court when deciding on orders about related companies

272: Guidelines for orders

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Companies Act 1993

How liquidators are paid for their work

276: Remuneration of liquidators

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Companies Act 1993

How liquidators' pay rates are set

277: Rates of remuneration

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Companies Act 1993

How liquidators are paid when closing a company

278: Expenses and remuneration payable out of assets of company

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Companies Act 1993

Liquidator's role ends when company liquidation is complete

279: Liquidator ceases to hold office on completion of liquidation

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Companies Act 1993

Choosing and watching over people who help close down businesses

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Companies Act 1993

Rules for who can and cannot be appointed as a company liquidator

280: Who may be appointed as liquidator

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Companies Act 1993

Liquidator actions remain valid even if appointment rules aren't fully met

281: Validity of acts of liquidators

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Companies Act 1993

How to replace a liquidator who leaves their role

283: Vacancies in office of liquidator

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Companies Act 1993

How the court can oversee and assist with company liquidations

284: Court supervision of liquidation

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Companies Act 1993

What counts as not following the rules for liquidators

285: Meaning of failure to comply

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Companies Act 1993

Court can order liquidators to do their job properly or remove them

286: Orders to enforce liquidator's duties

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Companies Act 1993

When a company can't pay what it owes

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Companies Act 1993

When a company is considered unable to pay its debts

287: Meaning of inability to pay debts

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Companies Act 1993

Rules for using evidence to prove a company can't pay its debts

288: Evidence and other matters

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Companies Act 1993

A formal written request for a company to pay its debts

289: Statutory demand

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Companies Act 1993

Court can cancel a formal payment request if a company has valid reasons

290: Court may set aside statutory demand

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Companies Act 1993

Court's extra options when you challenge a demand for payment

291: Additional powers of court on application to set aside statutory demand

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Companies Act 1993

Deals that can be cancelled or undone

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Companies Act 1993

Transactions can be cancelled if a company is struggling financially

292: Insolvent transaction voidable

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Companies Act 1993

When certain charges on company property can be cancelled

293: Voidable charges

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Companies Act 1993

How to challenge certain company transactions or charges as a liquidator

294: Procedure for setting aside transactions and charges

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Companies Act 1993

Court orders for repayment or return of assets after cancelling a company transaction

295: Other orders

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Companies Act 1993

Rules for protecting innocent buyers when company transactions are cancelled

296: Additional provisions relating to setting aside transactions and charges

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Companies Act 1993

Getting back money or property in different situations

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Companies Act 1993

Recovering money from unfair deals made by a company before liquidation

297: Transactions at undervalue

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Companies Act 1993

Rules for unfair transactions between companies and their directors or related parties

298: Transactions for inadequate or excessive consideration with directors and certain other persons

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Companies Act 1993

Court can cancel certain company securities during liquidation

299: Court may set aside certain securities and charges

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Companies Act 1993

Directors may be personally liable for company debts if proper records aren't kept

300: Liability if proper accounting records not kept

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Companies Act 1993

Court can order people to return money or property to a company being closed down

301: Power of court to require persons to repay money or return property

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Companies Act 1993

People who are owed money by a company can ask for it back

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Companies Act 1993

Rules for handling debts when a company can't pay and is being shut down

302: Application of bankruptcy rules to liquidation of insolvent companies

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Companies Act 1993

Types of claims that can be made when a company is being liquidated

303: Admissible claims

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Companies Act 1993

How unsecured creditors can claim money from a company in liquidation

304: Claims by unsecured creditors

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Companies Act 1993

What secured creditors can do and must do when a company is being liquidated

305: Rights and duties of secured creditors

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Companies Act 1993

How to calculate the amount owed to creditors when a company is liquidated

306: Ascertainment of amount of claim

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Companies Act 1993

How to handle claims without a fixed amount in company liquidation

307: Claim not of an ascertained amount

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Companies Act 1993

Companies must pay fines and penalties for breaking laws, even during liquidation

308: Fines and penalties

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Companies Act 1993

How to value future debts when a company is being liquidated

309: Claims relating to debts payable after commencement of liquidation

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Companies Act 1993

How debts are balanced when a company is being liquidated

310: Mutual credit and set-off

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Companies Act 1993

Explaining key terms for settling debts between companies

310A: Definitions relating to set-off under netting agreement

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Companies Act 1993

How set-off works in netting agreements for creditors' claims

310B: Application of set-off under netting agreement

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Companies Act 1993

How to calculate the final amount owed in a netting agreement when a company is liquidated

310C: Calculation of netted balance

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Companies Act 1993

Bilateral agreements require transactions to be between the same parties

310D: Mutuality required for transactions under bilateral netting agreements

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Companies Act 1993

Rules for transactions in multilateral agreements, with exceptions for certain trust situations

310E: When mutuality required for transactions under recognised multilateral netting agreements

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Companies Act 1993

Rules for settling accounts with a company in liquidation when you have a netting agreement

310F: Application of set-off under section 310 to transactions subject to netting agreements

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Companies Act 1993

How netting agreements affect certain rules for company transactions

310G: Transactions under netting agreement and effect on certain sections

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Companies Act 1993

Netting agreements remain valid when a company is liquidated

310H: Rights under netting agreement not affected by commencement of liquidation

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Companies Act 1993

Netting agreements remain valid despite transaction notices

310I: Set-off under netting agreement not affected by notice under section 294

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Companies Act 1993

Court can cancel deals between a company and related people if the company is in trouble

310J: Court may set aside bilateral netting agreement between company and related person

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Companies Act 1993

Factors the Bank considers when declaring, changing, or cancelling rules for clearing houses

310L: Matters that Bank must or may have regard to when making, varying, or revoking declaration under section 310K

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Companies Act 1993

Bank can set rules for clearing houses when making declarations

310M: Bank may impose conditions in declaration under section 310K

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Companies Act 1993

Bank must inform and consult clearing house before changing its declaration

310N: Bank to notify recognised clearing house about Bank's intention to revoke or vary declaration under section 310K

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Companies Act 1993

Changes to declarations don't affect existing transactions under recognised agreements

310O: Transactions under recognised multilateral netting agreement not affected by variation or revocation of declaration under section 310K

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Companies Act 1993

How interest is calculated and paid on claims during company liquidation

311: Interest on claims

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Companies Act 1993

How certain claims are prioritised and paid when a company is being liquidated

312: Preferential claims

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Companies Act 1993

How leftover money is paid out after settling priority debts

313: Claims of other creditors and distribution of surplus assets

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Companies Act 1993

Groups that help oversee the closing of a company

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Companies Act 1993

Requesting and holding meetings during liquidation for creditors and shareholders

314: Meetings of creditors or shareholders

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Companies Act 1993

Group formed to help close down a company and represent those involved

315: Liquidation committees

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Companies Act 1993

A special account for leftover money when a company closes down

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Companies Act 1993

Setting up a special account for leftover money from closed companies

316: Establishment of Liquidation Surplus Account

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Companies Act 1993

Rules for changing from old ways to new ways

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Companies Act 1993

Rules about cancellable company transactions removed from law

316A: Transitional provision in relation to voidable transactions

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Companies Act 1993

Rules for handling unclaimed money from closed companies after law change

316B: Transitional provision in relation to Liquidation Surplus Account under section 290 of Companies Act 1955

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Companies Act 1993

Taking companies off the official list

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Companies Act 1993

Property ownership changes when a company is removed from the register

324: Property of company removed from register

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Companies Act 1993

How the government can refuse unwanted property from removed companies

325: Disclaimer of property by the Crown

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Companies Act 1993

Responsibility continues for company-related actions even after removal from register

326: Liability of directors, shareholders, and others to continue

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Companies Act 1993

This section about liquidating removed companies no longer applies

327: Liquidation of company removed from New Zealand register

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Companies Act 1993

Court can put a removed company back on the register if it's fair and right

329: Court may restore company to New Zealand register

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Companies Act 1993

Company gets back property when restored to register, with some exceptions

331: Vesting of property in company on restoration to register

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Companies Act 1993

Rules for companies from other countries doing business in New Zealand

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Companies Act 1993

What counts as an overseas company doing business in New Zealand

332: Meaning of carrying on business

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Companies Act 1993

Registrar can approve different forms for overseas companies

332A: Registrar may approve use of different form

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Companies Act 1993

Overseas companies' deals remain valid even if registration rules aren't followed

335: Validity of transactions not affected

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Companies Act 1993

Rules for overseas companies using their names in New Zealand

338: Use of name by overseas company

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Companies Act 1993

Fixing details of the NZ contact person for overseas companies

339A: Rectification or correction of name or address of person authorised to accept service

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Companies Act 1993

Overseas companies can appoint someone to act for them in New Zealand

343: Attorneys of overseas companies

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Companies Act 1993

Overseas companies may not need to send certain information to NZ Registrar if specific conditions are met

343A: Overseas company not required to provide information, notice, or document in certain circumstances

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Companies Act 1993

How foreign companies can become New Zealand companies

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Companies Act 1993

Companies from overseas that can't be registered in New Zealand

347: Overseas companies that cannot be registered

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Companies Act 1993

What happens when an overseas company registers in New Zealand

349: Effect of registration

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Companies Act 1993

Companies can change to follow another country's laws instead of New Zealand's

350: Companies may transfer incorporation

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Companies Act 1993

Shareholders must vote to approve moving the company overseas

352: Approval of shareholders

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Companies Act 1993

Companies must publicly announce plans to move overseas before applying for removal from NZ register

353: Company to give public notice

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Companies Act 1993

Companies facing closure, legal action, or financial difficulties can't transfer to overseas registers

354: Companies that cannot transfer incorporation

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Companies Act 1993

What happens when a company is removed from the register

356: Effect of removal from register

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Companies Act 1993

The person in charge of keeping track of all the companies

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Financial Markets Authority Act 2011

Setting up a new financial watchdog for New Zealand

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Financial Markets Authority Act 2011

This Act creates a new group to watch over money matters in New Zealand

3: Purpose of this Act

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Financial Markets Authority Act 2011

Understanding key terms in the Financial Markets Authority Act

4: Interpretation

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Financial Markets Authority Act 2011

New government team created to watch over money matters

6: Financial Markets Authority established

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Financial Markets Authority Act 2011

The Financial Markets Authority (FMA) helps make sure money markets are fair and safe for everyone

9: FMA's functions

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Financial Markets Authority Act 2011

FMA board can have special helpers chosen by the Minister

11: Associate members

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Financial Markets Authority Act 2011

Rules about different parts of the Financial Markets Authority

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Financial Markets Authority Act 2011

The FMA can split up its work into different teams

14: FMA may act by divisions

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Financial Markets Authority Act 2011

Rules for setting up and running groups within the Financial Markets Authority

15: Membership, chairperson, meetings, and resolutions of division

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Financial Markets Authority Act 2011

The FMA can use smaller groups to make decisions and do tasks

16: Powers of division

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Financial Markets Authority Act 2011

Rules about how the FMA holds its meetings

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Financial Markets Authority Act 2011

What happens if someone can't make it to an important FMA meeting?

18: Completion of proceedings where member unable to attend meeting

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Financial Markets Authority Act 2011

Other important things to know about

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Financial Markets Authority Act 2011

Minister can ask FMA to check and write about money markets

20: Minister may request that FMA inquire and report

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Financial Markets Authority Act 2011

FMA and its people can't be sued for doing their job unless they were really careless

22: Protection from liability for FMA and members and employees

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Financial Markets Authority Act 2011

The FMA can share information safely while doing its job

23: FMA's warnings, reports, guidelines, or comments protected by qualified privilege

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Financial Markets Authority Act 2011

How the FMA proves its decisions in court

24: Evidence of orders and decisions of FMA

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Financial Markets Authority Act 2011

How the FMA can gather information and enforce rules to keep financial markets fair

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

The authority can ask for and collect important information and proof.

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Financial Markets Authority Act 2011

FMA can ask you for information, papers, or to talk to them

25: FMA may require person to supply information, produce documents, or give evidence

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Financial Markets Authority Act 2011

The FMA can collect different types of information to help make decisions

26: Powers of FMA to receive evidence

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Financial Markets Authority Act 2011

The FMA might pay you if you're a witness, but not too much

28: Witnesses' expenses

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Financial Markets Authority Act 2011

FMA can allow searches of places and things to find proof of broken financial rules

29: Power to enter and search place, vehicle, or other thing

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

The FMA can share information and documents with other agencies that enforce laws or regulate things, including those in other countries.

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Financial Markets Authority Act 2011

FMA can share information with other agencies to help everyone do their job better

30: Sharing of information and documents with law enforcement or regulatory agencies and overseas regulators

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Financial Markets Authority Act 2011

The ability to help when regulators from other countries ask for assistance

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Financial Markets Authority Act 2011

FMA can help overseas regulators by gathering and sharing information

31: Power of FMA to act on requests of overseas regulators

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Financial Markets Authority Act 2011

The FMA carefully considers requests from overseas before deciding to help

32: FMA's consideration of requests

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Financial Markets Authority Act 2011

Rules about collecting information and making sure people follow the law

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Financial Markets Authority Act 2011

Rules for sharing FMA information with other groups

33: Conditions that may be imposed on providing information, documents, or evidence to other agencies or regulators

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

FMA can take legal action for someone else to protect the public

34: FMA may exercise person’s right of action

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Financial Markets Authority Act 2011

Rules for when the FMA can start or take over a legal case for someone else

35: Requirements for FMA exercising person’s right of action

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Financial Markets Authority Act 2011

The court can let the FMA take over some legal cases if it's best for everyone

36: High Court may grant leave in certain circumstances

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Financial Markets Authority Act 2011

Steps the FMA must follow to take action for someone else

37: Procedural requirements for leave to exercise person’s right of action

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Financial Markets Authority Act 2011

Court helps FMA in legal cases about money matters

38: Powers of High Court for proceedings exercising person’s right of action

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Financial Markets Authority Act 2011

FMA can act for a group of people with similar concerns in court

39: Representative actions

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

The ability to keep certain information secret

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Financial Markets Authority Act 2011

FMA can keep certain information secret during their work

44: Power to make confidentiality orders

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Financial Markets Authority Act 2011

You can share secret information if the FMA says it's okay

45: Publication or disclosure with FMA's consent

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Financial Markets Authority Act 2011

The ability to agree on promises with others

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Financial Markets Authority Act 2011

FMA can accept written promises from people or companies about their work

46: FMA may accept undertakings

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Financial Markets Authority Act 2011

Keeping promises made to the FMA and what happens if you don't

47: Enforcement of undertakings

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Financial Markets Authority Act 2011

Asking the High Court for its opinion on a legal matter

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Financial Markets Authority Act 2011

FMA can ask the High Court for help with tricky legal questions

48: FMA may state case for opinion of High Court

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Financial Markets Authority Act 2011

The ability to make someone show a warning

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Financial Markets Authority Act 2011

FMA can make people share its money warnings

49: FMA may require its warning to be disclosed

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

FMA can let someone gather important facts or papers

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Financial Markets Authority Act 2011

FMA can let others collect information for them

52: Power to authorise person to obtain information or documents

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Financial Markets Authority Act 2011

Rules for people allowed to get special information for the FMA

53: Requirements for persons authorised to obtain information or documents

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Financial Markets Authority Act 2011

People working for the FMA won't get in trouble for doing their job

55: Protection from liability for persons exercising powers

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Financial Markets Authority Act 2011

Powers to gather information and protect certain rights

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Financial Markets Authority Act 2011

What happens when legal actions are going on while powers are being used

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Financial Markets Authority Act 2011

Other ways people can break the rules when the FMA is gathering information or making sure the rules are followed

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Financial Markets Authority Act 2011

You can get in trouble if you don't cooperate with the Financial Markets Authority

61: Criminal liability for obstructing exercise of powers

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Financial Markets Authority Act 2011

Other important rules and details

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Financial Markets Authority Act 2011

Rules for sending official notices from the Financial Markets Authority

62: Notices

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Financial Markets Authority Act 2011

How to send and receive important legal messages

63: Service of notices

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Financial Markets Authority Act 2011

FMA can use its powers from this law and other laws too

64: Powers not limited

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Financial Markets Authority Act 2011

FMA people can't share work secrets in court, with some exceptions

65: Limitation on disclosure of information obtained in FMA's operations

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Financial Markets Authority Act 2011

Important changes and rules for money matters

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

People and companies in finance pay money to help run the FMA

68: Levy of financial markets participants and other persons registered or incorporated under Acts referred to in Schedule 1

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Financial Markets Authority Act 2011

FMA must talk to people before asking for money

69: FMA must consult about request for appropriation

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

Words and their meanings in this part of the law

70: Interpretation

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Financial Markets Authority Act 2011

Getting rid of a group that watched over money matters

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Financial Markets Authority Act 2011

The old Securities Commission has been replaced by a new Financial Markets Authority

71: Securities Commission disestablished

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Financial Markets Authority Act 2011

What happens when the Securities Commission is replaced by the Financial Markets Authority

72: Consequences of disestablishment

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Financial Markets Authority Act 2011

Replacing 'Commission' with 'FMA' in old documents

73: References to Securities Commission

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Financial Markets Authority Act 2011

This law explains what happens when the Securities Commission closes and the Financial Markets Authority takes over

75: Effect of Act

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Financial Markets Authority Act 2011

Other important rules and details

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Financial Markets Authority Act 2011

Rules about Ministry workers getting new jobs at the Financial Markets Authority

81: Ministry of Economic Development employees

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Financial Markets Authority Act 2011

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Financial Markets Authority Act 2011

This law changes other laws to keep everything up to date

82: Amendments to other enactments

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Financial Markets Authority Act 2011

Changes to laws and rules when the Securities Commission became the Financial Markets Authority

84: Amendments consequential on replacement of Commission by FMA

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Financial Markets Authority Act 2011

Changes to laws and rules: replacing 'Government Actuary' with 'FMA'

85: Amendments consequential on replacement of Government Actuary by FMA

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Companies Act 1993

Courts can decide on changes to company registers when there are objections

360B: Powers of court

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Companies Act 1993

Registrar's power to direct transfers has been removed

361: Registrar may direct transfer

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Companies Act 1993

How to access and use company records

363: Inspection and evidence of registers

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Companies Act 1993

How the Registrar informs you about Companies Act matters

364: Notice by Registrar

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Companies Act 1993

How the Registrar can check company information and compliance

365: Registrar's powers of inspection

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Companies Act 1993

Rules for handling and sharing company information obtained from the Registrar

366: Disclosure of information and reports

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Companies Act 1993

Rules about information and privacy no longer apply to company registration

367: Application of Official Information Act 1982 and Privacy Act 1993

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Financial Markets Authority Act 2011

Laws that help keep money and financial services safe in New Zealand

Schedule 1: Financial markets legislation

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Companies Act 1993

You can no longer appeal decisions made under section 367

368: Appeals from decisions under section 367

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Companies Act 1993

Report from company inspection can be used as evidence in liquidation cases

369: Inspector's report admissible in liquidation proceedings

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Companies Act 1993

How to challenge the Registrar's decisions in court

370: Appeals from Registrar's decisions

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Companies Act 1993

Appeals don't stop the Registrar's powers or your obligations

371: Exercise of powers under section 365, 365F, 365G, or 365H not affected by appeal

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Financial Markets Authority Act 2011

Changes to other laws and rules because of the new money watchdog law

Schedule 3: Amendments to other enactments

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Companies Act 1993

Rules about things you can't do when running a company and what happens if you break them

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Companies Act 1993

Consequences for breaking company rules

373: Penalty for failure to comply with Act

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Companies Act 1993

Directors can be fined if the company breaks rules

374: Penalties that may be imposed on directors in cases of failure by board or company to comply with Act

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Financial Markets Authority Act 2011

Changes to laws: replacing old names with Financial Markets Authority

Schedule 4: Amendments to replace references to Securities Commission or Government Actuary

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Companies Act 1993

How and when legal proceedings can be started for company-related offences

375: Proceedings for offences

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Companies Act 1993

How directors can defend themselves against charges related to company duties

376: Defences

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Companies Act 1993

Consequences for knowingly providing false or misleading information about a company

377: False statements

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Companies Act 1993

Misusing or destroying company property dishonestly is illegal

378: Fraudulent use or destruction of property

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Companies Act 1993

Falsifying company records is illegal

379: Falsification of records

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Companies Act 1993

Running a business dishonestly or taking on debt fraudulently

380: Carrying on business fraudulently or dishonestly incurring debt

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Companies Act 1993

Misusing 'Limited' in a business name when not a limited liability company is illegal

381: Improper use of Limited

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Companies Act 1993

Court can ban people from being company directors for misconduct

383: Court may disqualify directors

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Companies Act 1993

Penalties for acting as a director when disqualified or banned

384: Liability for contravening sections 382 and 383

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Companies Act 1993

Registrar or FMA can ban people from managing companies

385: Registrar or FMA may prohibit persons from managing companies

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Companies Act 1993

Consequences for ignoring company director ban notices

386: Liability for contravening section 385 or section 385AA

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Companies Act 1993

Failed company directors can't lead similarly named businesses for 5 years

386A: Director of failed company must not be director, etc, of phoenix company with same or substantially similar name

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Companies Act 1993

Explaining terms used for companies that restart after failing

386B: Definitions for purpose of phoenix company provisions

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Companies Act 1993

Personal responsibility for debts when running a phoenix company

386C: Liability for debts of phoenix company

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Companies Act 1993

You're not liable if named in a notice about a company taking over a failed business

386D: Exception for person named in successor company notice

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Companies Act 1993

Temporary exception to company involvement ban while seeking court permission

386E: Exception for temporary period while application for exemption is made

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Companies Act 1993

Exception for active companies using a similar name before another company's failure

386F: Exception in relation to non-dormant phoenix company known by pre-liquidation name of failed company for at least 12 months before liquidation

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Companies Act 1993

Other important stuff about companies and how they work

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Companies Act 1993

How to properly deliver legal documents to a company

387: Service of documents on companies in legal proceedings

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Companies Act 1993

How to give legal documents to overseas companies in New Zealand

389: Service of documents on overseas companies in legal proceedings

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Companies Act 1993

How to deliver documents to overseas companies in New Zealand

390: Service of other documents on overseas companies

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Companies Act 1993

How companies send documents to shareholders and creditors

391: Service of documents on shareholders and creditors

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Companies Act 1993

How directors can sign certificates for their company

394: Directors' certificates

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Companies Act 1993

Rules for how the Companies Act 1993 works in practice

395: Regulations

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Companies Act 1993

Changes made to the Securities Transfer Act 1991

397: Securities Transfer Act 1991 amended

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Companies Act 1993

Rules for running shareholder meetings

Schedule 1: Proceedings at meetings of shareholders

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Companies Act 1993

List of company decisions that only directors can make

Schedule 2: Sections of this Act that confer powers on directors that cannot be delegated

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Companies Act 1993

How a company's board of directors meets and makes decisions

Schedule 3: Proceedings of the board of a company

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Companies Act 1993

A list of key details companies must provide each year

Schedule 4: Information to be contained in annual return

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Companies Act 1993

How creditors' meetings are run and decisions are made

Schedule 5: Proceedings at meetings of creditors

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Companies Act 1993

What a liquidator can do when closing down a company

Schedule 6: Powers of liquidators

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Companies Act 1993

List of who gets paid first when a company closes down

Schedule 7: Preferential claims

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Companies Act 1993

How liquidation committee meetings work and who can attend

Schedule 8: Proceedings at meetings of liquidation committees

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Companies Act 1993

Rules for closing down foreign companies operating in New Zealand

Schedule 9: Liquidation of overseas companies

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Crimes Act 1961

It's against the law to give money or gifts to officials from other countries to get business deals or special treatment.

105C: Bribery of foreign public official

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Crimes Act 1961

It's against the law for New Zealanders to bribe officials from other countries, even when they're not in New Zealand.

105D: Bribery outside New Zealand of foreign public official

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Crimes Act 1961

It's against the law to steal or copy secret business information for personal gain or to harm others.

230: Taking, obtaining, or copying trade secrets

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Crimes Act 1961

Lying to trick people into giving money or buying things for a company is against the law.

242: False statement by promoter, etc

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Crimes Act 1961

It's against the law to copy or fake marks that show something has been checked for quality.

265: Imitating authorised or customary marks

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Companies Act 1993

Special rules for insurance companies in financial trouble

239EA: Voluntary administration of licensed insurers

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Financial Markets Authority Act 2011

The FMA aims to make financial markets fair and easy for everyone

8: FMA's main objective

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Financial Markets Authority Act 2011

The FMA must talk to you about legal actions they take about you, unless it makes things too difficult for them

40: FMA must consult person A

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Financial Markets Authority Act 2011

Legal time limits for FMA start when they ask permission to sue

42: Special limitation provision

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Financial Markets Authority Act 2011

Rules for handling old and new financial market issues

43: Transitional provisions

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Financial Markets Authority Act 2011

The FMA must tell people when they make, change, or cancel rules

50: FMA must give notice of orders

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Financial Markets Authority Act 2011

Breaking the law by not following FMA orders

51: Offence of failing to comply with order

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Financial Markets Authority Act 2011

When and how you can share special information from section 25

54: Non-disclosure of information or documents from exercise of powers under section 25 except in certain circumstances

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Financial Markets Authority Act 2011

Keeping information private and secret

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Financial Markets Authority Act 2011

Keeping secrets safe: How the FMA protects important information

59: Confidentiality of information and documents

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Financial Markets Authority Act 2011

Rules for sharing information: How the FMA protects privacy when giving out details

60: Conditions relating to publication or disclosure of information or documents

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Financial Markets Authority Act 2011

Rules for changing how unit trusts work when the new law starts

83: Transitional provisions relating to consequential amendments to Unit Trusts Act 1960

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Financial Markets Authority Act 2011

This law's official name

1: Title

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Financial Markets Authority Act 2011

When this law starts working

2: Commencement

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Financial Markets Authority Act 2011

What happens if a court says the FMA used its powers wrongly

58: Effect of final decision that exercise of powers under section 25 unlawful

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Financial Markets Authority Act 2011

Rules about paying the Financial Markets Authority for its work

67: Regulations relating to fees, charges, and costs

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Companies Act 1993

This provision about the Registrar giving reports to the FMA has been removed from the Act

258B: Registrar may supply report to FMA

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Companies Act 1993

Registrar and FMA can share information to help each other do their jobs

371A: Sharing of information with Financial Markets Authority

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Companies Act 1993

Appealing FMA decisions about banning company directors or managers

385A: Appeals from FMA's exercise of power under section 385 or section 385AA

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Weights and Measures Act 1987

List of old rules about weights and measures that were replaced by this new law

Schedule 3:

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Fair Trading Act 1986

Rules for charity fund-raisers about sharing information when asking for money

28A: Regulations relating to disclosure by fund-raisers making requests for charitable purposes

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Fair Trading Act 1986

Why the law helps regulators from other countries

48B: Purpose of sections 48C to 48O (which relate to assistance to overseas regulators)

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Fair Trading Act 1986

Explaining important words used in the Fair Trading Act about working with other countries

48C: Definitions of terms used in sections 48B to 48O

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Fair Trading Act 1986

Rules about sharing information that was forced from someone with other countries

48D: Restrictions on providing compulsorily acquired information and investigative assistance

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Fair Trading Act 1986

Rules for how New Zealand can work with other countries to help keep things fair

48E: Government-to-government co-operation arrangements

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Fair Trading Act 1986

Rules for the Commission working with overseas regulators

48F: Regulator-to-regulator co-operation arrangements

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Fair Trading Act 1986

Rules for agreements between organisations in different countries

48G: Content of co-operation arrangements

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Fair Trading Act 1986

Rules for fair trading bosses to work with friends from other countries

48H: Procedures relating to co-operation arrangements

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Fair Trading Act 1986

Helping other countries' fair trading regulators with information and investigations

48I: Providing compulsorily acquired information and investigative assistance

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Fair Trading Act 1986

Rules for sharing information and helping overseas regulators

48J: Conditions on providing compulsorily acquired information and investigative assistance

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Fair Trading Act 1986

Letting people know when their information is shared with overseas regulators

48K: Notice to persons affected by provision of information

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Fair Trading Act 1986

The Commission must make a yearly report about working with overseas regulators

48L: Reporting on use of co-operation arrangements

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Fair Trading Act 1986

The Commission can share certain information with overseas regulators

48M: Sharing of non-compulsorily acquired information not affected

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Fair Trading Act 1986

You can choose to share your information with other countries

48N: Information provided by consent

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Fair Trading Act 1986

Privacy rules for shared information between regulators

48O: Maintenance of privilege

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Auctioneers Act 2013

Who is not allowed to be an auctioneer

6: Disqualification from registration

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Companies Act 1993

How laws apply to companies created under different Acts

401: References to companies incorporated under Companies Act 1955

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Employment Relations Act 2000

Creating fair and respectful workplaces for everyone

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Employment Relations Act 2000

This law aims to create fair and positive work relationships by encouraging good behaviour between workers and bosses.

3: Object of this Act

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Employment Relations Act 2000

People at work should be honest, kind, and helpful to each other, like good friends.

4: Parties to employment relationship to deal with each other in good faith

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Fair Trading Act 1986

This law makes sure trading is fair for everyone in New Zealand

1A: Purpose

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Fair Trading Act 1986

Sellers can't trick buyers by pretending to bid on their own items at auctions

14A: When vendor bids are misrepresentations

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Fair Trading Act 1986

The Minister can make, change, or cancel rules to help keep products safe

30A: Product safety policy statements

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Fair Trading Act 1986

The government checks if safety rules for products are still good every five years

30B: Review of product safety policy statements

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Fair Trading Act 1986

When companies choose to take back unsafe products, they must tell the government quickly

31A: Voluntary product recall

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Fair Trading Act 1986

People who check if products are safe

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Fair Trading Act 1986

Rules for choosing people to check if things are safe to use

33A: Appointment of product safety officers

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Fair Trading Act 1986

Proof of job for product safety officers

33B: Certificates of appointment

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Fair Trading Act 1986

Product safety officers can check places for unsafe goods

33C: Powers of product safety officers

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Fair Trading Act 1986

Stopping the sale of possibly dangerous goods to keep people safe

33D: Suspension of supply notices

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Fair Trading Act 1986

How to ask for help if someone breaks the rules in trading

43A: Application for order under section 43

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Fair Trading Act 1986

Rules for which courts can make orders based on how much money is involved

43B: Limits on jurisdiction of District Court and Disputes Tribunal to make orders under section 43

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Fair Trading Act 1986

Promises that must be kept

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Fair Trading Act 1986

The government can agree to promises people make about following the rules

46A: Commission may accept undertakings

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Fair Trading Act 1986

How the Commerce Commission can make you keep your promises

46B: Enforcement of undertakings

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Fair Trading Act 1986

Rules to stop bad business leaders from causing more trouble

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Fair Trading Act 1986

Courts can stop people from managing businesses if they break fair trading rules

46C: Management banning orders

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Fair Trading Act 1986

Rules for stopping someone from running a business

46D: Terms of management banning orders

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Fair Trading Act 1986

You can get in trouble if you don't follow a special rule made just for you

46E: Offence to breach management banning order

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Fair Trading Act 1986

How courts handle requests to stop someone from managing a business

46F: Procedures relating to management banning order

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Fair Trading Act 1986

Asking the court's permission to do something special

46G: Seeking leave of court

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Fair Trading Act 1986

Commission can give staff permission to check and enforce rules about product safety and information

47K: Commission may authorise employees for monitoring and enforcement purposes

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Fair Trading Act 1986

What employees can do to check if shops are following the rules

47L: Powers of authorised employees

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Consumer Guarantees Act 1993

This law explains how to make buying and selling fair for everyone

1A: Purpose

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Consumer Guarantees Act 1993

What happens when you buy things using a special credit deal set up by the seller

23A: Goods subject to collateral credit agreement

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Consumer Guarantees Act 1993

Rules for cancelling a service you bought with a special payment plan

39A: Services subject to collateral credit agreement

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Weights and Measures Act 1987

This law explains how weights and measures keep buying and selling fair for everyone

1A: Purpose

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Employment Relations Act 2000

Allowing union representatives to enter workplaces

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Employment Relations Act 2000

You can get in trouble if you stop union representatives from coming into your workplace without a good reason.

25: Penalty for certain acts in relation to entering workplace

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Employment Relations Act 2000

Working together to make fair deals for groups of workers

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Employment Relations Act 2000

This part explains the rules for fair teamwork when workers and bosses make agreements together.

31: Object of this Part

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Employment Relations Act 2000

Being honest and fair when working together

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Employment Relations Act 2000

Rules for unions and employers to work together nicely when making agreements about jobs

32: Good faith in bargaining for collective agreement

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Employment Relations Act 2000

Unions and employers must try their best to agree on rules for workers, unless they have a really good reason not to.

33: Duty of good faith requires parties to conclude collective agreement unless genuine reason not to

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Employment Relations Act 2000

Rules for asking for and sharing information when workers and bosses talk about job agreements

34: Providing information in bargaining for collective agreement

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Employment Relations Act 2000

Rules for fair and honest bargaining between workers and bosses

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Employment Relations Act 2000

Rules that help people be fair and honest when talking about jobs and work

35: Codes of good faith

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Employment Relations Act 2000

The court can look at rules about being fair when deciding if workers and bosses were nice to each other while making deals.

39: Authority or court may have regard to code of good faith

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Employment Relations Act 2000

A union or employer starts talks for a group work agreement by sending a special letter to the other side.

42: How bargaining initiated

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Employment Relations Act 2000

When workers need to vote on joining a group deal their boss wants

47: When secret ballots required after employer initiates bargaining for single collective agreement

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Employment Relations Act 2000

New groups can join ongoing talks if they follow the rules and get permission from those already talking.

49: Parties joining bargaining after it begins

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Employment Relations Act 2000

When different unions want to bargain for the same type of work, the boss can ask them to join together and make one big agreement.

50: Consolidation of bargaining

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Employment Relations Act 2000

Ideas shared during talks don't have to be followed after the talks end, unless everyone agrees to keep them.

50G: Proposals made or positions reached during facilitation

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Employment Relations Act 2000

The Authority can suggest ways to help people agree on work rules, but everyone still gets to choose what they want to do.

50H: Recommendation by Authority

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Employment Relations Act 2000

Everyone must be honest and fair when talking to the helper during work discussions.

50I: Party must deal with Authority in good faith

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Employment Relations Act 2000

The law allows a judge to decide what goes in a work agreement if someone keeps being really unfair during talks about it.

50J: Remedy for serious and sustained breach of duty of good faith in section 4 in relation to collective bargaining

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Employment Relations Act 2000

Rules about group agreements between workers and bosses

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Employment Relations Act 2000

Employees must agree before the union can sign a new work agreement or make changes to an existing one

51: Ratification of collective agreement

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Employment Relations Act 2000

The rules for writing down and agreeing on how workers and bosses work together

54: Form and content of collective agreement

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Employment Relations Act 2000

A worker who leaves their union but keeps their job can't join a new agreement for a while.

58: Employee who resigns as member of union but does not resign as employee

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Employment Relations Act 2000

Doing things that weaken group negotiations or agreements between workers and employers

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Employment Relations Act 2000

This explains what it means when people agree on something during talks about work rules.

59A: Interpretation

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Employment Relations Act 2000

Employers can't use parts of group agreements in individual contracts if it weakens group bargaining power.

59B: Breach of duty of good faith to pass on, in certain circumstances, in individual employment agreement terms and conditions agreed in collective bargaining or in collective agreement

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Employment Relations Act 2000

An employer can get in trouble for copying parts of other agreements if it hurts those agreements or negotiations.

59C: Breach of duty of good faith to pass on, in certain circumstances, in collective agreement provisions agreed in other collective bargaining or another collective agreement

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Employment Relations Act 2000

Workers can add extra rules to their job contract if everyone agrees and it doesn't go against the group deal.

61: Employee bound by applicable collective agreement may agree to additional terms and conditions of employment

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Employment Relations Act 2000

Rules for employers when discussing job terms with workers or future workers

63A: Bargaining for individual employment agreement or individual terms and conditions in employment agreement

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Employment Relations Act 2000

Your job can take money from your pay for union fees if you say it's okay.

65A: Deduction of union fees

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Employment Relations Act 2000

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Employment Relations Act 2000

Workers can talk with their boss about other options before deciding to move to a new company

69H: Employee bargaining for alternative arrangements

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Employment Relations Act 2000

The law says a special group can help decide what workers get if they lose their job because of big changes at work.

69O: Authority may investigate bargaining and determine redundancy entitlements

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Employment Relations Act 2000

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Employment Relations Act 2000

This law explains how to share information about workers who choose to switch to a new boss when their job changes.

69OA: Object of this subpart

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Employment Relations Act 2000

You can ask for information about how much it costs to move workers when a business changes hands.

69OC: Disclosure of employee transfer costs information

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Employment Relations Act 2000

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Employment Relations Act 2000

This part of the law aims to protect workers when their job changes to a new company by making sure their old boss talks to the new one about keeping them employed.

69OH: Object of this subpart

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Employment Relations Act 2000

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Employment Relations Act 2000

Money workers might pay to unions for helping with job deals

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Employment Relations Act 2000

This explains what words mean when talking about workers paying unions for help with job deals.

69P: Interpretation

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Employment Relations Act 2000

The boss and union must agree on a fee, then workers vote secretly to approve it.

69Q: Bargaining fee clause does not come into force unless agreed to first by employer and union and then by secret ballot

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Employment Relations Act 2000

If a bargaining fee is agreed upon, the boss must tell workers about it and explain how it affects their job and pay.

69R: Employer to notify employees if bargaining fee clause agreed to

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Employment Relations Act 2000

Non-union workers covered by a collective agreement must pay a bargaining fee if they meet certain conditions.

69S: Which employees bargaining fee clause applies to

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Employment Relations Act 2000

The employer must take money from the worker's pay and give it to the union if there's a special agreement.

69T: Bargaining fee clause binding on employer and employee

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Employment Relations Act 2000

The fee for bargaining help can't be more than what union members pay.

69U: Amount of bargaining fee

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Employment Relations Act 2000

The bargaining fee rule stops working when the work agreement it's part of ends.

69V: Expiry of bargaining fee clause

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Employment Relations Act 2000

A rule that lets unions charge non-members a fee for bargaining is allowed and overrules some other laws.

69W: Validity of bargaining fee clause

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Employment Relations Act 2000

This section explains the meaning of important words used in the rules about learning about work relationships.

71: Interpretation

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Employment Relations Act 2000

Workers and bosses can stop work if they're talking about making a group work agreement.

83: Lawful strikes and lockouts related to collective bargaining

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Employment Relations Act 2000

Lawful strikes or lockouts protect workers and employers from legal trouble

85: Effect of lawful strike or lockout

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Employment Relations Act 2000

Stopping workers from working during strikes

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Employment Relations Act 2000

When workers go on strike, their boss can stop them from working and not pay them, but their job is still safe.

87: Suspension of striking employees

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Employment Relations Act 2000

Important services that people need all the time

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Employment Relations Act 2000

Bosses might need to pay workers during a lockout

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Employment Relations Act 2000

When a boss locks workers out, they don't have to pay them unless the lockout isn't allowed.

96: Employer not liable for wages during lockout

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Employment Relations Act 2000

The goal or purpose of this part

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Fair Trading Act 1986

Rules for taking legal action about money-related products and services

48P: Proceedings relating to financial products or financial services

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Fair Trading Act 1986

You can't be fined twice for the same mistake with money stuff

48Q: No pecuniary penalty and fine for same conduct involving financial products or financial services

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Fair Trading Act 1986

The rule about proving claims doesn't apply to special financial papers

48R: Unsubstantiated representations prohibition does not apply to financial markets disclosure

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Fair Trading Act 1986

Some actions allowed by financial market rules don't break fair trading rules

48S: Certain conduct under Financial Markets Conduct Act 2013 does not contravene various provisions of this Act

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Financial Markets Authority Act 2011

Promises to fix mistakes in finance can include paying people back or paying fines

46A: Undertaking may include requirements as to compensation or penalties

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Financial Markets Authority Act 2011

FMA can join and speak up in certain money-related court cases

48A: FMA may appear and be heard and adduce evidence

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Employment Relations Act 2000

If you break the rules in your work agreement or help someone else break them, you might have to pay money as a punishment.

134: Penalties for breach of employment agreement

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Employment Relations Act 2000

The Employment Authority can make someone follow rules about sharing information when employees change jobs.

140A: Compliance order in relation to disclosure of employee transfer costs information and individualised employee information

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Companies Act 1993

Rules about making money reports for a company

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Companies Act 1993

Checking if a company's money information is correct

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Companies Act 1993

Auditors must follow official standards when checking company finances

207A: Audit must be carried out in accordance with auditing and assurance standards

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Companies Act 1993

Auditor writes a report for shareholders about company's financial statements

207B: Auditor must report to shareholders

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Companies Act 1993

Auditors must report to authorities if companies don't follow the rules

207C: Auditor's report must be sent to Registrar and External Reporting Board if requirements have not been complied with

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Companies Act 1993

Keeping track of money for companies from other countries or owned by people from other countries

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Companies Act 1993

Rules for applying registration requirements to large companies with significant overseas ownership

207D: Application of registration provisions

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Companies Act 1993

Companies must send financial statements to the Registrar within 5 months

207E: Financial statements must be registered

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Companies Act 1993

Shareholders can ask for and receive tax-related financial statements

207F: Shareholders may request copy of financial statements prepared for tax purposes

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Companies Act 1993

A list of wrong things people can do when dealing with company money and reports

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Companies Act 1993

Rules and penalties for company financial reporting in New Zealand

207G: Financial reporting offences

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Companies Act 1993

Rules about choosing to join or leave something

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Companies Act 1993

When companies can choose to follow or not follow certain rules

207H: Period during which company may opt in or opt out

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Companies Act 1993

Companies with 10 or more shareholders can choose to skip some financial rules

207I: Companies with 10 or more shareholders may opt out

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Companies Act 1993

Large companies can choose to skip financial audits if shareholders agree

207J: Large companies may opt out of audit requirement

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Companies Act 1993

Small companies can choose to follow special financial reporting rules

207K: Companies with fewer than 10 shareholders may opt in

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Companies Act 1993

The Registrar can let some foreign companies not follow certain rules

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Companies Act 1993

Registrar can excuse overseas companies from some rules

207L: Registrar may grant exemptions to overseas companies

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Companies Act 1993

Removed section about publishing and enforcing overseas company exemptions

207M: Publication and status of exemptions

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Companies Act 1993

The Registrar may consult others when making decisions about exemptions

207N: Consultation

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Companies Act 1993

Exemptions can cover past accounting periods if granted before financial statements are due

207O: Exemption may apply to accounting period before exemption is granted

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Companies Act 1993

You must appoint an auditor if your company's financial statements need to be checked

207P: Auditor must be appointed if financial statements must be audited

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Companies Act 1993

Registrar can choose an auditor if a company doesn't appoint one

207Q: Registrar may appoint auditor

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Companies Act 1993

How auditors can resign and how companies should handle their departure

207R: Resignation and casual vacancy

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Companies Act 1993

How auditors are paid for their work

207S: Auditor's fees and expenses

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Companies Act 1993

Rules for automatically reappointing a company's auditor at annual meetings

207T: Automatic reappointment

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Companies Act 1993

How to properly replace your company's auditor

207U: Replacement of auditor

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Companies Act 1993

Auditor's steps for leaving or not continuing the job

207V: Auditor not seeking reappointment or resigning

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Companies Act 1993

Auditors must be allowed to attend and speak at shareholder meetings

207W: Auditor's attendance at shareholders' meeting

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Companies Act 1993

Explaining key terms for financial statement registration rules

207X: Interpretation in this subpart

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Companies Act 1993

How the law deals with people accused of not keeping proper company records

207Y: Infringement offences

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Companies Act 1993

Understanding and withdrawing notices for company rule breaches

207Z: Infringement notices

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Companies Act 1993

How you'll be notified and what information you'll receive if you break company record-keeping rules

207ZA: Procedural requirements for infringement notices

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Companies Act 1993

How fines for breaking company rules are paid to the government

207ZB: Payment of infringement fee

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Companies Act 1993

Big foreign companies in NZ must follow special financial reporting rules

340A: Financial reporting requirements for large overseas companies

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Companies Act 1993

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Companies Act 1993

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Companies Act 1993

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Companies Act 1993

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Employment Relations Act 2000

People who help solve problems between workers and bosses

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Employment Relations Act 2000

A group that helps solve problems between workers and bosses

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Employment Relations Act 2000

The Employment Relations Authority can make decisions about work agreements just like a court can.

162: Application of law relating to contracts

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Employment Relations Act 2000

Extra rules about different things

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Employment Relations Act 2000

Rules and guidelines for everyone to follow

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Employment Relations Act 2000

Written requests for money owed

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Employment Relations Act 2000

Different rules about various things

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Employment Relations Act 2000

Rules that help people switch from the old way of doing things to the new way

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Fair Trading Act 1986

Rules in this law apply no matter what, even if you make a different agreement

5C: No contracting out: general rule

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Fair Trading Act 1986

Trading businesses can agree to different rules if it's fair

5D: No contracting out: exception for parties in trade

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Fair Trading Act 1986

Statements made without good reasons to back them up

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Fair Trading Act 1986

Don't make claims about things you're selling without proof

12A: Unsubstantiated representations

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Fair Trading Act 1986

The court considers all the details when someone makes a claim without proof

12B: Court must have regard to certain matters

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Fair Trading Act 1986

Only the Commerce Commission can take legal action for claims made without proof

12C: Limitation on commencement of proceedings in relation to unsubstantiated representations

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Fair Trading Act 1986

Other laws might replace Section 12A for certain jobs

12D: Section 12A subject to other enactments

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Fair Trading Act 1986

What happens if you get stuff you didn't ask for in the mail

21A: Liability of recipient of unsolicited goods

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Fair Trading Act 1986

You don't have to pay for services you didn't ask for

21B: Liability of recipient of unsolicited services

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Fair Trading Act 1986

You don't have to pay for things you didn't ask for

21C: Prohibition on asserting right to payment in respect of unsolicited goods or unsolicited services

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Fair Trading Act 1986

Rules for unsolicited goods and services made by the Governor-General

21D: Regulations

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Fair Trading Act 1986

Businesses selling online must tell you they're a business

28B: Disclosure of trader status on Internet

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Fair Trading Act 1986

Rules for buying and selling: How to be fair when shopping or running a business

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Fair Trading Act 1986

This part explains the rules for different ways of buying things

36A: Purpose of Part

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Fair Trading Act 1986

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Fair Trading Act 1986

What a layby sale is and how it works

36B: Meaning of layby sale agreement

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Fair Trading Act 1986

Rules for sellers when making a layby sale agreement

36C: Disclosure requirements relating to layby sale agreement

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Fair Trading Act 1986

When you buy something in parts, the shop looks after it until you finish paying

36E: Risk in goods

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Fair Trading Act 1986

You can cancel a layby sale before taking the items home

36F: Cancellation of layby sale agreement by consumer

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Fair Trading Act 1986

When a shop can stop your layby agreement

36G: Cancellation of layby sale agreement by supplier

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Fair Trading Act 1986

What happens to your layby purchase if the shop goes broke?

36I: Bankruptcy, receivership, liquidation, or voluntary administration of supplier: completion of layby sale agreement

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Fair Trading Act 1986

What happens if a store goes out of business before you finish paying for something?

36J: Bankruptcy, receivership, or liquidation of supplier: consumer priority

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Fair Trading Act 1986

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Fair Trading Act 1986

What it means when a business tries to sell you things without you asking

36K: Meaning of uninvited direct sale agreement

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Fair Trading Act 1986

Rules for sellers when they make unexpected sales to you

36L: Disclosure requirements relating to uninvited direct sale agreements

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Fair Trading Act 1986

You can cancel a sale if someone comes to your house to sell you something

36M: Cancellation of uninvited direct sale agreement by consumer

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Fair Trading Act 1986

Rules for sellers who come to your home or work without invitation

36N: Enforcement of uninvited direct sale agreement by supplier

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Fair Trading Act 1986

What happens when you cancel a door-to-door sale agreement

36O: Effect of cancellation of uninvited direct sale agreement

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Fair Trading Act 1986

What sellers must do when you cancel a door-to-door sale

36P: Supplier's obligations on cancellation of uninvited direct sale agreement

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Fair Trading Act 1986

What you need to do when you cancel a sale from a door-to-door salesperson

36Q: Consumer's obligations on cancellation of uninvited direct sale agreement

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Fair Trading Act 1986

Money rules when you cancel a surprise door-to-door sale

36R: Compensation on cancellation of uninvited direct sale agreement

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Fair Trading Act 1986

Rules about financial products and when they don't have to follow all the usual rules

36S: Regulations

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Fair Trading Act 1986

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Fair Trading Act 1986

What is an extended warranty and who can offer it when you buy something?

36T: Meaning of extended warranty agreement and related definitions

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Fair Trading Act 1986

Rules for sellers when offering extended warranties

36U: Disclosure requirements relating to extended warranty agreements

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Fair Trading Act 1986

How to cancel an extended warranty and get your money back

36V: Cancellation of extended warranty agreement

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Fair Trading Act 1986

Rules about extended warranties can be made by the Governor-General

36W: Regulations

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Fair Trading Act 1986

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Fair Trading Act 1986

What some important words mean in this part of the law about buying and selling

36X: Definitions

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Fair Trading Act 1986

This part explains who the rules about auctions apply to

36Y: Application of subpart

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Fair Trading Act 1986

Each piece of property sold at an auction is its own separate deal

36Z: Each lot is separate contract of sale

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Fair Trading Act 1986

How an auction starts and finishes, and what happens after

36ZA: Start and end of auction

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Fair Trading Act 1986

Rules for joining an auction must be clearly shown to everyone taking part

36ZB: Notice to participants

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Fair Trading Act 1986

Rules for buying things at auctions from businesses

36ZC: Vendors selling in trade

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Fair Trading Act 1986

Rules about sellers bidding on their own items at auctions

36ZD: Vendor bids

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Fair Trading Act 1986

You can take back your bid before an auction finishes

36ZE: Bids may be withdrawn until end of auction

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Fair Trading Act 1986

Auctioneers must give you your money and a sale report within a set time

36ZF: Account and payment of proceeds

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Fair Trading Act 1986

What are infringement offences and how much do they cost?

40B: Infringement offence, etc, defined

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Fair Trading Act 1986

What happens when someone is accused of breaking a minor rule

40C: Infringement offence alleged

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Fair Trading Act 1986

The government can give you a written warning if they think you broke the rules

40D: Issue of infringement notice

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Fair Trading Act 1986

Rules for giving you a notice if you break a Fair Trading rule

40E: Procedural requirements for infringement notices

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Fair Trading Act 1986

The Commerce Commission gives money from fines to the government

40F: What Commission does with infringement fees

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Fair Trading Act 1986

Rules for handling smaller law-breaking cases

40H: Regulations relating to infringement offences

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Consumer Guarantees Act 1993

Goods must be delivered on time or you can ask for help

5A: Guarantee as to delivery

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Consumer Guarantees Act 1993

How section 7A works with the rest of the Consumer Guarantees Act

7B: Relationship of section 7A with rest of Act

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Consumer Guarantees Act 1993

Gas and electricity sellers can get money back from pipe and line owners if there are problems

46A: Indemnification of gas and electricity retailers

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Companies Act 1993

Directors can be penalised for knowingly acting against the company's interests

138A: Offence for serious breach of director's duty to act in good faith and in best interests of company

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Companies Act 1993

Rules for changing or combining code companies that affect voting rights

236A: Arrangement or amalgamation involving code company

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Companies Act 1993

Court orders on voting rights override takeover rules

236B: Takeovers code does not apply where court order under section 236

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Companies Act 1993

Rules for grouping shareholders based on their rights and interests

Schedule 10: Interest class: principles

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

This law aims to make money-related activities safe, fair, and easy to understand for everyone

2A: Purposes of this Act

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

The FMA can stop people from registering as financial providers if it might mislead others

15A: Purpose of FMA's powers relating to registration

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Why the FMA can remove someone from the financial service providers list

18A: Purpose of FMA's powers relating to deregistration

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Building Act 2004

This part doesn't change your rights as a shopper under other laws that protect you.

362C: Consumer rights under Fair Trading Act 1986 or Consumer Guarantees Act 1993 not affected by this Part

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Building Act 2004

You can't give up your rights to complain about hidden problems when buying a building.

362K: Person may not give away benefit of warranties

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Employment Relations Act 2000

You can't ask for help if you haven't been fair in the talks.

50KA: Declaration or determination under section 50K not to be made if breach of duty of good faith by party seeking declaration

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Employment Relations Act 2000

If workers do a small strike, the boss can take away some of their pay.

95B: Employer may make specified pay deductions in relation to partial strike

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Employment Relations Act 2000

The boss must give workers information about money taken from their pay if they ask for it.

95G: Employer must respond to request for information about specified pay deduction

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Employment Relations Act 2000

How changes to the Employment Relations Act are applied over time

Schedule 1AA: Application, savings, and transitional provisions relating to amendments made to this Act after 1 January 2013

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Employment Relations Act 2000

Explaining what information companies need to share when jobs change hands

69CD: Provision of information for purposes of giving warranty

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Employment Relations Act 2000

If your old boss breaks the rules, you still keep your rights and your new boss still has to follow the rules.

69FA: Employer's breach of obligations not to affect employee's rights and new employer's obligations

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Employment Relations Act 2000

The old boss promises not to make bad changes to workers' jobs before they move to a new boss.

69LC: Implied warranty by employer of transferring employees

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Employment Relations Act 2000

This part explains what it means when workers partly stop working and how their pay might be cut.

95A: Meaning of partial strike and specified pay deduction

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Employment Relations Act 2000

Rules about taking money from workers' pay during a partial strike

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Fair Trading Act 1986

Words in a deal that aren't fair

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Fair Trading Act 1986

Rules to stop businesses from using unfair terms in their contracts with customers

26A: Unfair contract terms in standard form consumer contracts

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Fair Trading Act 1986

Saying which parts of a contract are not fair

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Fair Trading Act 1986

The Commerce Commission can ask a court to decide if a contract term is unfair

46H: Application by Commission for declaration of unfair contract term

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Fair Trading Act 1986

Courts can decide if some contract terms are not fair for customers or small businesses

46I: Declaration of unfair contract terms

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Fair Trading Act 1986

Rules about contracts that are mostly written by one side

46J: Standard form contracts

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Fair Trading Act 1986

Rules about which contract terms can't be called unfair

46K: Terms that may not be declared to be unfair contract terms

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Fair Trading Act 1986

When a contract term is not fair to one side

46L: When term in consumer contract or small trade contract is unfair

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Fair Trading Act 1986

List of ways a contract can be unfair to one person

46M: Examples of unfair contract terms

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Companies Act 1993

The biggest company that controls other companies

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Companies Act 1993

Explanation of what details are needed about a company's ultimate parent company

94A: Meaning of ultimate holding company information

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Companies Act 1993

Telling the Registrar about changes to your company's ultimate holding company

94B: Notice of ultimate holding company changes

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Companies Act 1993

How to deliver official documents to company directors

388A: Service of other documents on directors

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Companies Act 1993

The Registrar can find out who controls a company

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Companies Act 1993

Explaining why and how the Registrar can obtain company ownership information

365A: Purpose of sections 365B to 365H

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Companies Act 1993

Understanding when you have control over a company's shares

365B: Control interests in shares (basic rule)

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Companies Act 1993

Power over a company can come from trusts or agreements, even if not directly involved

365C: Extension of basic rule to powers or controls exercisable through trust, agreement, etc

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Companies Act 1993

Extending share control rules to include indirect influence and joint actions

365D: Extension of basic rule to interests held by other persons under control or acting jointly

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Companies Act 1993

Certain situations that don't count as having control of company shares

365E: Situations not giving rise to control interests

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Companies Act 1993

Registrar can ask for details about who controls company shares

365F: Registrar may require persons to disclose control interests and powers to get control interests

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Companies Act 1993

Registrar can ask for information about who controls or manages a company

365G: Registrar may require disclosure about controllers or delegates of directors

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Companies Act 1993

Registrar can set rules for providing required company information

365H: Registrar may specify deadlines, form, and verification for information required under section 365F or 365G

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Companies Act 1993

More things the Registrar can do

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Companies Act 1993

Registrar can add warning notes to company records

366A: Registrar's powers to insert note of warning in register

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Companies Act 1993

Registrar removes warning from company record when no longer needed

366B: Registrar must remove note of warning

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Companies Act 1993

Registrar or FMA can ban people from managing companies if their previous company was removed

385AA: Additional power for Registrar or FMA to prohibit persons from managing companies

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Employment Relations Act 2000

This explains how you and your boss decide when you'll work and for how long.

67C: Agreed hours of work

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Employment Relations Act 2000

Rules about when your boss can stop you from working other jobs

67H: Secondary employment provisions

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Employment Relations Act 2000

This part explains how the law helps make sure workers get paid fairly by giving inspectors more ways to stop and punish bosses who break the rules.

142A: Object of this Part

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Employment Relations Act 2000

The court decides how much money someone has to pay as a punishment for breaking the rules.

142G: Maximum amount of pecuniary penalty

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Employment Relations Act 2000

How different legal orders work together

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Employment Relations Act 2000

A company or boss can be held responsible for what their workers think or do while working for them.

142Z: State of mind of directors, employees, or agents attributed to body corporate or other principal

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Employment Relations Act 2000

A company or boss can be held responsible for what their workers or helpers do when acting for them.

142ZA: Conduct of directors, employees, or agents attributed to body corporate or other principal

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Employment Relations Act 2000

Ways a person can defend themselves if they break rules about paying workers fairly

142ZC: Defences for person in breach

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Employment Relations Act 2000

People who help others break the law can defend themselves if they trusted wrong information or tried hard to follow the rules.

142ZD: Defences for person involved in breach

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Employment Relations Act 2000

The person in charge of running a company or organization

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Companies Act 1993

Registrar can update company information without being asked

360C: Alteration of entries on New Zealand register and overseas register without application

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Contract and Commercial Law Act 2017

Modernising and simplifying business and trade rules

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Contract and Commercial Law Act 2017

This law's name is the Contract and Commercial Law Act 2017

1: Title

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Contract and Commercial Law Act 2017

Getting Ready: Important Rules Before We Start

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Contract and Commercial Law Act 2017

Why we have this law and what it covers

3: Purpose

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Contract and Commercial Law Act 2017

This law explains different types of agreements and business matters in simple terms

5: Overview of this Act

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Contract and Commercial Law Act 2017

Rules for switching to the new law and keeping important old rules

6: Transitional, savings, and related provisions

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Contract and Commercial Law Act 2017

Examples help explain the law but aren't the law itself

7: Status of examples

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Contract and Commercial Law Act 2017

The government must follow most of this law, with a few exceptions

8: Act binds the Crown

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Contract and Commercial Law Act 2017

Rules about making and keeping promises: How we agree and what happens when things go wrong

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Contract and Commercial Law Act 2017

Explaining important words used in this part of the law

9: Interpretation

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This part explains how you can benefit from promises made in legal documents even if you didn't sign them

10: Purpose

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Contract and Commercial Law Act 2017

Explaining special words used in this part of the law

11: Interpretation

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Contract and Commercial Law Act 2017

Promises made in contracts can help people who didn't sign them

12: Deed or contract for benefit of person who is not party to deed or contract

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Contract and Commercial Law Act 2017

Section 12 doesn't work if the contract wasn't meant to give someone special rights

13: Section 12 does not apply if no intention to create obligation enforceable by beneficiary

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Contract and Commercial Law Act 2017

You might need permission to change or cancel a promise made to someone else

14: Variation or discharge of promise may require beneficiary’s consent

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Contract and Commercial Law Act 2017

Changing or ending promises: when everyone agrees or when it's allowed

15: Variation or discharge by agreement or in accordance with express provision

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Contract and Commercial Law Act 2017

Court can allow changes or cancellations to promises or duties

16: Court may authorise variation or discharge

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Contract and Commercial Law Act 2017

How you can make someone keep a promise they made about you in a contract

17: Enforcement by beneficiary

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Contract and Commercial Law Act 2017

The person being sued can defend themselves just like they would against the original person they made a promise to

18: Availability of defences

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Contract and Commercial Law Act 2017

This part of New Zealand law doesn't apply to agreements made using other countries' rules

19: This subpart does not apply to promises, contracts, or deeds governed by foreign law

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Contract and Commercial Law Act 2017

This law keeps other rules about contracts and doesn't change them

20: Savings

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This part explains how courts can help fix mistakes in contracts

21: Purpose of this subpart

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Contract and Commercial Law Act 2017

This section sets new rules for contract mistakes

22: This subpart to be code

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Contract and Commercial Law Act 2017

What words mean and how we use them in this part of the law

23: Interpretation

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Contract and Commercial Law Act 2017

Courts can help if you made a mistake when agreeing to a contract

24: Relief may be granted if mistake by one party is known to another party or is common or mutual

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Contract and Commercial Law Act 2017

A mistake in understanding a contract's meaning is not the same as other contract mistakes

25: Mistake does not include mistake in interpretation of contract

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Contract and Commercial Law Act 2017

You can't claim a mistake if you knew about it before signing the contract

26: Decision to enter into contract not influenced by mistake if party aware of it

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Contract and Commercial Law Act 2017

When you make a mistake in a contract, the court looks at how much it was your fault

27: Mistake caused by party seeking relief

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Contract and Commercial Law Act 2017

Explaining how a court can fix problems with contracts

28: Nature of relief

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Contract and Commercial Law Act 2017

Court can help people connected to someone in a contract

29: Court may grant relief to person claiming through or under party

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Contract and Commercial Law Act 2017

This law protects innocent buyers when someone else made a mistake

31: Rights of third persons not affected

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Contract and Commercial Law Act 2017

Rules for foreign contracts don't follow this part of NZ law

32: This subpart does not apply to contracts governed by foreign law

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

What it means to cancel a contract

33: Meaning of cancel

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Contract and Commercial Law Act 2017

A contract's own rules for fixing problems come first

34: Remedy provided in contract

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Contract and Commercial Law Act 2017

What happens if someone lies or misleads you in a contract

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Contract and Commercial Law Act 2017

When someone lies to you about a deal, you can get money back

35: Damages for misrepresentation

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Contract and Commercial Law Act 2017

Rules about ending or stopping a contract

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Contract and Commercial Law Act 2017

You can end a deal if someone else shows they won't do their part

36: Party may cancel contract if another party repudiates it

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Contract and Commercial Law Act 2017

You can stop a deal if someone fooled you or breaks the rules

37: Party may cancel contract if induced to enter into it by misrepresentation or if term is or will be breached

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Contract and Commercial Law Act 2017

You can't change your mind about a contract once you've said it's okay

38: No cancellation if contract is affirmed

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Contract and Commercial Law Act 2017

Court decides if you can cancel a contract when someone else misbehaves

39: Parties with substantially same interest

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Contract and Commercial Law Act 2017

New rules replace old ones for cancelling contracts

40: Sections 36 to 39 have effect in place of rules of common law and of equity

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Contract and Commercial Law Act 2017

Cancelling a contract: When it starts to count

41: When cancellation may take effect

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Contract and Commercial Law Act 2017

What happens when you cancel a contract

42: Effect of cancellation

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Contract and Commercial Law Act 2017

How a court can help when there's a problem with a contract

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Contract and Commercial Law Act 2017

The court can make things fair when someone ends a contract

43: Power of court to grant relief

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Contract and Commercial Law Act 2017

Courts can add rules when giving relief, but can't stop people from asking for money for damages

44: Order for relief may be subject to terms and conditions

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Contract and Commercial Law Act 2017

Things the court thinks about when making decisions about contracts

45: Matters court must have regard to

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Contract and Commercial Law Act 2017

Protecting honest buyers who pay fair prices for property

46: Protection of purchaser of property in good faith and for valuable consideration

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Contract and Commercial Law Act 2017

If you change things after a contract, the court might not be able to help you

47: Party who has altered position

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Contract and Commercial Law Act 2017

Who can ask for help with contract problems

48: Persons who may apply

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Contract and Commercial Law Act 2017

When someone breaks a contract, you can ask for money to make things fair

49: Recovery of damages

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Contract and Commercial Law Act 2017

Rules that try to stop courts from looking into things

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Contract and Commercial Law Act 2017

What someone says or promises before making a deal can still matter

50: Statement, promise, or undertaking during negotiations

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Contract and Commercial Law Act 2017

Courts can check if someone had permission to make promises for others, even if a contract says they can't

51: Authority for making or giving statement, promise, or undertaking

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Contract and Commercial Law Act 2017

Rules to protect you when buying things

52: Contracts for sale of goods

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Contract and Commercial Law Act 2017

The Disputes Tribunal can still use its special powers when you take a case to them

53: Proceeding before Disputes Tribunal

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Contract and Commercial Law Act 2017

People who take over someone else's contract rights

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Contract and Commercial Law Act 2017

What happens when someone gives you their contract rights and duties

54: Remedies enforceable by or against assignee

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Contract and Commercial Law Act 2017

You can't be charged more than what you'd get from a contract someone gave you

55: Damages may not exceed value of performance of assigned contract

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Contract and Commercial Law Act 2017

The person giving you a contract must pay for mistakes they made or information they didn't share

56: Assignee indemnified by assignor

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Contract and Commercial Law Act 2017

Rules to know when you take over someone else's contract

57: Other provisions relating to assignees

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Contract and Commercial Law Act 2017

Extra rules that don't fit into the main groups

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Contract and Commercial Law Act 2017

Rules for foreign contracts don't follow this part of NZ law

58: This subpart does not apply to contracts governed by foreign law

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Contract and Commercial Law Act 2017

This part keeps important contract rules the same as before

59: Savings

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This part explains when you don't have to follow a contract anymore because it's too hard or impossible

60: Application

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Contract and Commercial Law Act 2017

Money that is paid or will be paid

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Contract and Commercial Law Act 2017

You can get back money you already paid and don't have to pay money you owed when a contract ends

61: Money paid may be recovered and money payable ceases to be payable

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Contract and Commercial Law Act 2017

Court can let you keep or get back money you spent on an unfinished job

62: Court may allow party who has incurred expenses to retain or recover money

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Contract and Commercial Law Act 2017

Things that are good and useful besides money

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Contract and Commercial Law Act 2017

You might have to pay back money if you got something valuable from an agreement that ended early

63: Sum may be recovered if party has obtained valuable benefit

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Contract and Commercial Law Act 2017

Court can treat a benefit given to someone else as if it was given to you

64: Benefit may be treated as being obtained

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Contract and Commercial Law Act 2017

Money spent on contracts

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Contract and Commercial Law Act 2017

Courts can count extra costs when deciding how much money was spent on a contract

65: Estimates of expenses

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Contract and Commercial Law Act 2017

Insurance money and frustrated contracts: When it counts and when it doesn't

66: Money payable under contract of insurance

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Contract and Commercial Law Act 2017

More rules about how this law works

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Contract and Commercial Law Act 2017

The court must follow special rules in your contract when things go wrong

67: Court must give effect to provision in contract

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Contract and Commercial Law Act 2017

Court can split contracts into finished and unfinished parts when something goes wrong

68: Court must treat performed part of contract that can be properly severed as separate contract

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Contract and Commercial Law Act 2017

Sometimes this part of the law doesn't count for certain agreements

69: This subpart does not apply in certain circumstances

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

Words used in this law and what they mean

70: Interpretation

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Contract and Commercial Law Act 2017

What makes a contract illegal?

71: Illegal contract defined

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Contract and Commercial Law Act 2017

Contracts stay legal even if they break rules, unless the rules say otherwise

72: Breach of enactment

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Contract and Commercial Law Act 2017

A contract that breaks the law doesn't work.

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Contract and Commercial Law Act 2017

Contracts that break the law don't count and can't be used

73: Illegal contracts have no effect

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Contract and Commercial Law Act 2017

Protection for innocent people who receive property from illegal contracts

74: Protection of persons who acquire property in good faith and without notice

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Contract and Commercial Law Act 2017

The court can give help

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Contract and Commercial Law Act 2017

The court can help you if you're in a tricky situation with an illegal contract

75: Who may be granted relief

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Contract and Commercial Law Act 2017

The court can help make things fair when there's a problem with a contract

76: Court may grant relief

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Contract and Commercial Law Act 2017

The court can add rules when it helps someone in a contract

77: Order may be subject to terms and conditions

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Contract and Commercial Law Act 2017

Court can't help if it's not good for everyone

79: Court must not grant relief if not in public interest

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Contract and Commercial Law Act 2017

The court can still help you if you made a mistake, even if you knew it was wrong

80: Person acting with knowledge of facts or law giving rise to illegality

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Contract and Commercial Law Act 2017

Who can ask the court for help with a contract

81: Persons who may apply

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Contract and Commercial Law Act 2017

Courts can only help with illegal contracts in ways this law allows

82: Restriction on granting relief otherwise than in accordance with this subpart

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Contract and Commercial Law Act 2017

Rules about agreements that limit competition in business

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Contract and Commercial Law Act 2017

Courts can change or remove unfair rules in contracts

83: Restraints of trade

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Contract and Commercial Law Act 2017

Rules for special contracts that limit your actions or court options stay the same

84: Law relating to restraint of trade and to ouster of jurisdiction not affected

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

Explaining important words used in this part of the law

85: Interpretation

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Contract and Commercial Law Act 2017

Rules about when young people can make agreements

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Contract and Commercial Law Act 2017

Contracts don't work against kids, but still count for grown-ups

86: Contracts unenforceable against minors but otherwise have effect

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Contract and Commercial Law Act 2017

Court can check if contracts with minors are fair

87: Court may inquire into fairness and reasonableness of contract

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Contract and Commercial Law Act 2017

Courts can make decisions about fair contracts with young people

88: Court orders where contract was fair and reasonable

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Contract and Commercial Law Act 2017

Courts can fix unfair contracts

89: Court orders where contract was not fair and reasonable

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Contract and Commercial Law Act 2017

What the court thinks about when dealing with young people's contracts

90: Matters court must have regard to

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Contract and Commercial Law Act 2017

Special rules for certain types of agreements and life protection plans

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Contract and Commercial Law Act 2017

Court can help if your work or life insurance contract is unfair

93: Court may make orders about unconscionable, harsh, or oppressive contract of service or life insurance contract

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Contract and Commercial Law Act 2017

Sometimes the rules for young people's contracts don't count

94: Sections 92 and 93 do not apply in certain circumstances

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Contract and Commercial Law Act 2017

Getting money back or fixing things that went wrong

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Contract and Commercial Law Act 2017

Court can give you money or your stuff back if it's fair

95: Compensation or restitution

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Contract and Commercial Law Act 2017

Rules about asking for and getting legal decisions

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Contract and Commercial Law Act 2017

Getting permission from a special court to make an agreement

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Contract and Commercial Law Act 2017

Promises to pay for someone else's debts or losses

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Contract and Commercial Law Act 2017

Legal promises to cover for children's contracts

102: Guarantees and indemnities

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Contract and Commercial Law Act 2017

Solving disagreements or settling claims involving young people

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Contract and Commercial Law Act 2017

When a court tells someone to look after money or things for a young person

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Contract and Commercial Law Act 2017

More things to know about the rules we just talked about

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Contract and Commercial Law Act 2017

Sections 103 to 109 work with other important laws without changing them

110: Sections 103 to 109 do not limit or affect certain other provisions

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Contract and Commercial Law Act 2017

The rules about contracts and who can make decisions about them

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Contract and Commercial Law Act 2017

The District Court can decide on some contract matters

113: Jurisdiction of District Court

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Contract and Commercial Law Act 2017

These rules are like a special code for agreements.

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Contract and Commercial Law Act 2017

This section sets out all the rules for contracts involving kids

115: This subpart to be code

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Contract and Commercial Law Act 2017

Rules about agreements involving trusts

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Contract and Commercial Law Act 2017

Rules for buying and selling things: How to be fair when you trade with others

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Contract and Commercial Law Act 2017

Explaining important words and ideas about buying and selling things

119: Interpretation

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

An agreement to buy and sell something

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Contract and Commercial Law Act 2017

Agreeing to sell something you own for money

120: Contract of sale of goods

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Contract and Commercial Law Act 2017

Part-owners can sell their share to each other

121: Contracts of sale may be between one part-owner and another

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Contract and Commercial Law Act 2017

Sales contracts can be simple or have special conditions

122: Contracts of sale may be absolute or conditional

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Contract and Commercial Law Act 2017

Agreeing to buy or sell something now or later

123: Sale and agreement to sell

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Contract and Commercial Law Act 2017

Who can buy and sell things, and special rules for some people

124: Capacity to buy and sell

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Contract and Commercial Law Act 2017

Rules for making agreements when buying or selling things

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Contract and Commercial Law Act 2017

Different ways to make a contract to sell something

125: How contract of sale is made

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Contract and Commercial Law Act 2017

What the agreement is about

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Contract and Commercial Law Act 2017

Buying things that exist now or will exist later

126: Existing or future goods

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Contract and Commercial Law Act 2017

The deal is off if the stuff you're buying is already gone when you agree to buy it

127: Contract void if goods have perished at time when contract is made

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Contract and Commercial Law Act 2017

Agreement cancelled if item is destroyed before you receive it

128: Contract void if goods perish before sale but after agreement to sell

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Contract and Commercial Law Act 2017

How much something costs when you buy it

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Contract and Commercial Law Act 2017

How prices are decided when you buy something

129: Fixing contract price

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Contract and Commercial Law Act 2017

Rules for selling when someone else sets the price

130: Agreement to sell at valuation

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Contract and Commercial Law Act 2017

Rules about promises and guarantees when buying things

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Contract and Commercial Law Act 2017

Time limits in contracts are not always strict unless specified

131: Stipulations about time

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Contract and Commercial Law Act 2017

Rules in buying agreements: Important ones and less important ones

132: Conditions and warranties

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Contract and Commercial Law Act 2017

What happens when a seller breaks a promise in a sale

133: Breach of condition to be fulfilled by seller

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Contract and Commercial Law Act 2017

When you can't keep a promise for a good reason

134: Impossibility or other excuse

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Contract and Commercial Law Act 2017

The law says sellers must own what they sell and you can use it without problems

135: Implied condition and warranties as to title and quiet possession

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Contract and Commercial Law Act 2017

The seller must give you what they described when you buy something

136: Sale by description

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Contract and Commercial Law Act 2017

Automatic promises about a product's quality or usefulness when you buy things

137: Implied conditions or warranties as to quality or fitness

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Contract and Commercial Law Act 2017

Goods should work for what you need them for when you buy them

138: Implied condition that goods are reasonably fit for purpose

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Contract and Commercial Law Act 2017

Items sold should be good enough to sell, unless you saw problems before buying

139: Implied condition that goods are of merchantable quality

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Contract and Commercial Law Act 2017

Unwritten promises about what you buy based on common business practices

140: Implied warranty or condition by usage of trade

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Contract and Commercial Law Act 2017

Promises made when you buy something

141: Express warranty or condition

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Contract and Commercial Law Act 2017

Selling things based on a small example of the product

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Contract and Commercial Law Act 2017

Buying something based on a sample: what you need to know

142: Sale by sample

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

When someone sells something to someone else

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Contract and Commercial Law Act 2017

You don't own goods you've bought until they're clearly picked out for you

143: Goods must be ascertained

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Contract and Commercial Law Act 2017

Ownership changes when buyer and seller agree it should

144: Property passes when intended to pass

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Contract and Commercial Law Act 2017

Finding out when you own something you bought

145: Ascertaining parties’ intention

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Contract and Commercial Law Act 2017

How to know when you own something you've agreed to buy

146: Rules for ascertaining parties’ intention

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Contract and Commercial Law Act 2017

Seller can keep control of goods until buyer meets certain conditions

147: Reservation of right of disposal

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Contract and Commercial Law Act 2017

When you buy something, you become responsible for it once you own it, unless you agree otherwise

148: Risk passes with property unless otherwise agreed

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Contract and Commercial Law Act 2017

Changing who owns something after it's sold

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Contract and Commercial Law Act 2017

When someone sells something they don't own, you might not get to keep it

149: Sale by person who is not owner

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Contract and Commercial Law Act 2017

Rule about keeping things bought in markets doesn't work in New Zealand

150: Market overt

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Contract and Commercial Law Act 2017

Buying things from someone who might not be allowed to sell them

151: Sale under voidable title

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Contract and Commercial Law Act 2017

Rules for selling something you've already sold but still have

153: Seller in possession after sale

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Contract and Commercial Law Act 2017

When you buy something and sell it again before paying fully

154: Buyer in possession after sale

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

Seller and buyer must follow through on their agreement

156: Duties of seller and buyer

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Contract and Commercial Law Act 2017

Buying things: You pay and get the item at the same time

157: Payment and delivery are concurrent conditions

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Contract and Commercial Law Act 2017

How to give things you sell to the buyer

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Contract and Commercial Law Act 2017

Figuring out who's responsible for delivering what you buy

158: Determining whether buyer to take possession of goods or seller to send goods

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Contract and Commercial Law Act 2017

Where to pick up what you bought

159: Place of delivery

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Contract and Commercial Law Act 2017

Send goods quickly if no delivery date is set

160: Goods must be sent within reasonable time if no time is fixed

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Contract and Commercial Law Act 2017

When someone else has the thing you bought, you need them to agree it's yours now

161: Goods in possession of third person

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Contract and Commercial Law Act 2017

Giving or getting things should happen at a sensible time

162: Demand or tender of delivery must be at reasonable hour

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Contract and Commercial Law Act 2017

The seller pays to get your item ready for you

163: Seller must bear expenses of putting goods into deliverable state

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Contract and Commercial Law Act 2017

What happens when the seller gives you the wrong amount or mixed-up items

164: Delivery of wrong quantity or of mixed goods

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Contract and Commercial Law Act 2017

You can expect to get everything you buy all at once, not in bits and pieces

165: Buyer not bound to accept delivery by instalments

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Contract and Commercial Law Act 2017

What happens if there's a problem with goods delivered in parts?

166: Instalment deliveries: breach of contract

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Contract and Commercial Law Act 2017

Sending goods to the buyer through a shipping company

167: Delivery to carrier

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Contract and Commercial Law Act 2017

Who's responsible when things are delivered to a different place than where they were sold

168: Risk where goods are delivered at place other than place where goods are sold

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Contract and Commercial Law Act 2017

You can check what you buy before keeping it

169: Buyer’s right to examine goods

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Contract and Commercial Law Act 2017

How you show you're happy with something you bought

170: Acceptance of goods

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Contract and Commercial Law Act 2017

You don't have to send back things you don't want to keep

171: Buyer not bound to return rejected goods

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Contract and Commercial Law Act 2017

What happens if you don't pick up something you bought when it's ready

172: Liability of buyer for neglecting or refusing to take delivery of goods

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

What it means to be an unpaid seller of goods

173: Unpaid seller defined

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Contract and Commercial Law Act 2017

What you can do if someone doesn't pay you for goods you sold them

174: Unpaid seller's rights

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Contract and Commercial Law Act 2017

When someone hasn't paid for something they bought, the seller can keep it

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Contract and Commercial Law Act 2017

Seller can keep goods until paid

175: Unpaid seller's lien

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Contract and Commercial Law Act 2017

Keeping some goods until you get paid for all of them

176: Part delivery

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Contract and Commercial Law Act 2017

When a seller can no longer keep an item they haven't been paid for

177: When unpaid seller loses lien

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Contract and Commercial Law Act 2017

Preventing goods from being delivered while they're on their way

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Contract and Commercial Law Act 2017

The seller can take back unpaid goods while they're still on the way to the buyer

178: Right to stop goods in transit

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Contract and Commercial Law Act 2017

How long goods are considered 'in transit' when you send them to someone

179: Duration of transit

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Contract and Commercial Law Act 2017

When goods are sent to a ship you've rented, it's not always clear who's responsible for them

180: Goods delivered to ship chartered by buyer

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Contract and Commercial Law Act 2017

Seller can stop delivering the rest if you only got some goods

181: Part delivery

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Contract and Commercial Law Act 2017

How an unpaid seller can stop goods being delivered

182: How right is exercised

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Contract and Commercial Law Act 2017

Sellers must tell someone to stop delivering goods they've sold

183: Notice of seller’s claim

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Contract and Commercial Law Act 2017

Returning goods back to the seller during delivery

184: Redelivery of goods

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Contract and Commercial Law Act 2017

When someone who bought something sells it again, or when the original seller sells it again

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Contract and Commercial Law Act 2017

Seller's rights when a buyer sells or uses unpaid goods

185: Effect of subsale or pledge by buyer

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Contract and Commercial Law Act 2017

How goods ownership papers affect buyer and seller rights

186: Transfer of document of title to person in good faith and for valuable consideration

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Contract and Commercial Law Act 2017

Seller's rights to hold or stop goods don't usually cancel the sale

187: Sale not generally rescinded by lien or stopping goods in transit

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Contract and Commercial Law Act 2017

New buyers get to keep goods that were resold because the first buyer didn't pay

188: Buyer’s title on resale

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Contract and Commercial Law Act 2017

What happens if you don't pay for perishable goods or goods the seller wants to resell quickly

189: Resale in case of perishable goods or notice of intention to resell

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Contract and Commercial Law Act 2017

Seller can resell if buyer backs out of purchase

190: Express power of sale

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

Things a seller can do if there's a problem with selling something

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Contract and Commercial Law Act 2017

Seller can ask for payment when goods are sold

191: Claim for price

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Contract and Commercial Law Act 2017

Payment for losses when a buyer doesn't accept what you're selling

192: Damages for non-acceptance

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Contract and Commercial Law Act 2017

What a buyer can do if there's a problem with something they bought

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Contract and Commercial Law Act 2017

You can ask for money if a seller doesn't give you things you bought

193: Damages for non-delivery

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Contract and Commercial Law Act 2017

Courts can make sellers give you exactly what you bought

194: Specific performance

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Contract and Commercial Law Act 2017

What you can do if a seller breaks a promise about the goods they sold you

195: Remedy for breach of warranty

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Contract and Commercial Law Act 2017

Getting money back when things go wrong in a deal

196: Interest and special damages

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

You can change or remove automatic rules in a sale agreement

197: Exclusion of implied terms and conditions

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Contract and Commercial Law Act 2017

Consumer protection rules apply instead of certain contract rules when you buy things

198: Exclusion where Consumer Guarantees Act 1993 applies

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Contract and Commercial Law Act 2017

Figuring out fair prices and times when buying things

199: Reasonable price and reasonable time are questions of fact

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Contract and Commercial Law Act 2017

You can go to court if someone doesn't follow the rules in this law

200: Rights and duties enforceable by proceeding

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Contract and Commercial Law Act 2017

This provision keeps some old rules and other laws working alongside the new rules for buying and selling things.

201: Savings

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This part explains why we have rules for buying and selling things with other countries

202: Purpose

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Contract and Commercial Law Act 2017

What words mean in this part about buying and selling things between countries

203: Interpretation

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Contract and Commercial Law Act 2017

The Convention's rules are now part of New Zealand law and everyone must follow them when buying or selling things

204: Convention to have force of law

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Contract and Commercial Law Act 2017

The Convention rules replace other laws when selling goods internationally

205: Convention to be code

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Contract and Commercial Law Act 2017

Understanding which countries agree to follow special rules when selling goods

206: Certificates about Contracting States

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Contract and Commercial Law Act 2017

Rules for using computers and the internet to do important things

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This part explains how to use computers and the internet for legal stuff

207: Purpose

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Contract and Commercial Law Act 2017

Explaining important words used in this part of the law

209: Interpretation

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Contract and Commercial Law Act 2017

Extra guidelines for understanding this part of the law

210: Further provision relating to interpretation

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

Checking if online actions are allowed and real

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Contract and Commercial Law Act 2017

Electronic information is just as legally valid as paper information

211: Validity of information

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Contract and Commercial Law Act 2017

Rules about sending and receiving messages on computers or phones

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Contract and Commercial Law Act 2017

When the rules about electronic messages are used

212: When default rules in sections 213 to 216 apply

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Contract and Commercial Law Act 2017

When an electronic message is considered sent

213: Time of dispatch

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Contract and Commercial Law Act 2017

When a digital message counts as being received

214: Time of receipt

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Contract and Commercial Law Act 2017

Where the law thinks you got an electronic message

216: Place of receipt

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Contract and Commercial Law Act 2017

When an offer is accepted using email or text message

217: Time of communication of acceptance of offer

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

Basic rules that come before the main rules

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Contract and Commercial Law Act 2017

You can use electronic methods to follow legal rules if you do it the right way

219: When legal requirement can be met by electronic means

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Contract and Commercial Law Act 2017

You can choose whether or not to use electronic information

220: Consent to use of electronic technology

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Contract and Commercial Law Act 2017

Keeping information the same: what it means and when it's okay to make small changes

221: When integrity of information maintained

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Contract and Commercial Law Act 2017

When the law says something must be in writing

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Contract and Commercial Law Act 2017

Electronic information can replace written documents if you can find it easily later

222: Legal requirement that information be in writing

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Contract and Commercial Law Act 2017

You can give written information electronically if you follow some simple rules

224: Legal requirement to give information in writing

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Contract and Commercial Law Act 2017

Rules for paper documents don't apply when using electronic forms

225: Legal requirements relating to layout and format of certain information and writing materials

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Contract and Commercial Law Act 2017

Rules about when you need to sign something

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Contract and Commercial Law Act 2017

Using electronic signatures instead of handwritten ones for legal documents

226: Legal requirement for signature

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Contract and Commercial Law Act 2017

Electronic signatures are usually trustworthy if they follow certain rules

228: Presumption about reliability of electronic signatures

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Contract and Commercial Law Act 2017

Keeping important information safe and stored

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Contract and Commercial Law Act 2017

Keeping important details when saving electronic messages

231: Extra conditions for electronic communications

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Contract and Commercial Law Act 2017

Rules about giving, showing, and looking at information

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Contract and Commercial Law Act 2017

You can give information electronically instead of on paper if you follow certain rules

232: Legal requirement to provide or produce information that is in paper or other non-electronic form

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Contract and Commercial Law Act 2017

How to share information stored on computers or electronic devices

233: Legal requirement to provide or produce information that is in electronic form

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Contract and Commercial Law Act 2017

You can show paper information electronically if it's accurate and the person agrees

234: Legal requirement to provide access to information that is in paper or other non-electronic form

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Contract and Commercial Law Act 2017

When the law says you need the original version of something

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Contract and Commercial Law Act 2017

Electronic copies can be used instead of original documents for comparison

236: Originals

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Contract and Commercial Law Act 2017

Other things to know about doing business online

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Contract and Commercial Law Act 2017

Rules about what you must say in a message still apply when using electronic communication

237: Legal requirement relating to content of information

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Contract and Commercial Law Act 2017

Creating electronic copies for legal reasons is okay and doesn't break copyright rules

238: Copyright

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Contract and Commercial Law Act 2017

Rules about moving and storing things: Who's in charge and what happens if something goes wrong

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

A quick look at other business-related topics

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Contract and Commercial Law Act 2017

This part explains the rules for companies that move things around New Zealand

241: Overview

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Contract and Commercial Law Act 2017

How this section applies and what it does

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Contract and Commercial Law Act 2017

Carriers have limited responsibility for lost or damaged goods

244: Other remedies affected

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Contract and Commercial Law Act 2017

You can change some rules in special shipping contracts if everyone agrees

245: Contracting out permitted for some matters

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Contract and Commercial Law Act 2017

Understanding different business issues

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Contract and Commercial Law Act 2017

What counts as one item when shipping goods

247: Meaning of unit of goods

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Contract and Commercial Law Act 2017

Different types of transport agreements and how they affect what people are responsible for

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Contract and Commercial Law Act 2017

Different shipping agreements decide how much the carrier pays if your things get lost or damaged

248: Liability depends on kind of contract of carriage

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Contract and Commercial Law Act 2017

You can choose how to carry things, but you must follow the rules

249: Particular kind of contract of carriage is matter for agreement subject to meeting requirements for that kind

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Contract and Commercial Law Act 2017

Rules for making a contract to carry goods at the owner's risk

250: Requirements for contract for carriage at owner's risk

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Contract and Commercial Law Act 2017

Rules for making a special shipping agreement with a set value

251: Requirements for contract for carriage at declared value risk

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Contract and Commercial Law Act 2017

Rules for making a special agreement when sending things

252: Requirements for contract for carriage on declared terms

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Contract and Commercial Law Act 2017

Fair pricing for different levels of protection when sending goods

253: Difference between amounts charged must be fair and reasonable for contract at owner’s risk or declared value risk

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Contract and Commercial Law Act 2017

Agreements between different types of carriers when moving your goods

254: Contract between contracting carrier and actual carrier or between actual carriers

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Contract and Commercial Law Act 2017

Who is responsible when something goes wrong with a delivery

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Contract and Commercial Law Act 2017

Rules for different types of shipping contracts

255: Application of sections 256 to 258

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Contract and Commercial Law Act 2017

The mover you hire is responsible for your things

256: Liability of contracting carrier

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Contract and Commercial Law Act 2017

When the carrier starts looking after your stuff during shipping

257: When responsibility for goods begins

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Contract and Commercial Law Act 2017

The carrier stops being responsible for your stuff after delivering it or trying really hard to let you know it's ready

258: When responsibility for goods ends

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Contract and Commercial Law Act 2017

Rules about how much a carrier must pay if something goes wrong during shipping

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Contract and Commercial Law Act 2017

Carriers usually pay up to $2,000 if they lose or break your stuff during transport

259: Carrier’s liability limited to $2,000 for each unit of goods or to declared value

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Contract and Commercial Law Act 2017

When a carrier might not be responsible for lost or damaged goods

260: Carrier not liable in certain circumstances

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Contract and Commercial Law Act 2017

Who is responsible when things go wrong with shipping goods

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Contract and Commercial Law Act 2017

Sharing responsibility when multiple carriers transport goods

263: Liability where more than 1 actual carrier is involved

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Contract and Commercial Law Act 2017

Who is responsible for goods when multiple carriers are involved in transporting them

264: When actual carriers are jointly responsible or separately responsible for goods

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Contract and Commercial Law Act 2017

Rules for sharing responsibility when multiple carriers are involved in a journey

265: Provisions relating to joint liability of actual carriers

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Contract and Commercial Law Act 2017

Rules about who is responsible when things go wrong during shipping

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Contract and Commercial Law Act 2017

What you can do if the moving company you hired goes bankrupt or disappears

266: Rights of contracting party where contracting carrier insolvent or cannot be found

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Contract and Commercial Law Act 2017

Money from lost or damaged goods must go to customers first when a company closes

267: Liquidator or assignee in bankruptcy holds money on trust

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Contract and Commercial Law Act 2017

Who is responsible when goods are carried by more than one person

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Contract and Commercial Law Act 2017

Rules for when multiple airlines carry your things on one trip

270: Contracts of successive carriage by air

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Contract and Commercial Law Act 2017

Rules for who's in charge of your stuff when different delivery people handle it

271: When successive carriers are jointly responsible or separately responsible for goods

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Contract and Commercial Law Act 2017

A promise made by people who agree to do something

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Contract and Commercial Law Act 2017

Sender promises goods are safe and legal to send

273: Contracting party to warrant condition of goods and compliance with enactments

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Contract and Commercial Law Act 2017

Rules about taking legal action against people who transport things

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Contract and Commercial Law Act 2017

You must tell the carrier within 30 days if your stuff is damaged or missing

274: Notice of claim against contracting carrier must be given within 30 days

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Contract and Commercial Law Act 2017

Tell the carrier quickly if someone claims their goods were damaged or lost

275: Notice of claim against actual carrier must be given within 10 days

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Contract and Commercial Law Act 2017

No need to tell carriers about damage they should know about or if they're dishonest

276: No notice required if carrier is or ought to be aware of damage or loss or in case of fraud

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Contract and Commercial Law Act 2017

You can sue a carrier without giving notice if they agree or if the court allows it

277: Non-notified proceeding may be brought with carrier’s consent or leave of court

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Contract and Commercial Law Act 2017

You must act quickly if a carrier loses your stuff

278: Limitation on proceedings against carriers for loss of goods

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Contract and Commercial Law Act 2017

Time limit for suing carriers if your stuff is damaged or lost

279: Limitation on proceedings against carriers for damage to or partial loss of goods

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Contract and Commercial Law Act 2017

You can still sue a carrier after the time limit if they agree or if the court says it's okay

280: Proceeding may be brought after limitation period with carrier’s consent or leave of court

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Contract and Commercial Law Act 2017

You can take action if goods you now own are damaged during delivery, even if you didn't make the original agreement

281: Proceeding by consignee if not contracting party

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Contract and Commercial Law Act 2017

What carriers can do when they transport things for other people

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Contract and Commercial Law Act 2017

You can change some rules about carrying goods if both sides agree

282: Contracting out permitted on rights of carriers

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Contract and Commercial Law Act 2017

Carriers can ask for payment after delivering goods

283: Right to sue for freight

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Contract and Commercial Law Act 2017

You might have to pay for shipping goods you own, even if you didn't order them

284: Proceeding for recovery of freight

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Contract and Commercial Law Act 2017

Carrier must tell owner if keeping goods for unpaid money

286: Notice of carrier’s claim

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Contract and Commercial Law Act 2017

Rules for storing and selling goods when people don't collect them

289: Storage and disposal of unclaimed or rejected goods

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Contract and Commercial Law Act 2017

When goods can go bad, you can sell or throw them away

290: Disposal of perishable goods

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Contract and Commercial Law Act 2017

What to do if goods become dangerous during transport

291: Disposal of dangerous goods

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Contract and Commercial Law Act 2017

Carrier not responsible when goods are sold or disposed of

292: Liability of carrier extinguished in respect of sale or disposal of goods

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Contract and Commercial Law Act 2017

Other important things to know about business agreements

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Contract and Commercial Law Act 2017

Carriers can choose which goods to transport

293: Common carrier of goods abolished

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Contract and Commercial Law Act 2017

Taking legal action against NZ agents for overseas shipping companies

294: Proceedings against New Zealand agents of overseas carriers

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Contract and Commercial Law Act 2017

This law doesn't change rules about special goods like dangerous items

295: Certain other Acts not affected

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This part explains important words used in rules about buying, selling, and moving things.

296: Interpretation

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Contract and Commercial Law Act 2017

When agents sell, promise, or do other things with goods

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Contract and Commercial Law Act 2017

Agent can sell or promise owner's stuff if they have permission

297: Sale, pledge, or other disposition by agent in possession with owner’s consent is valid

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Contract and Commercial Law Act 2017

Buyer should check if the seller really owns the goods

298: Buyer, etc, has notice of lack of authority if goods subject to perfected security interest

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Contract and Commercial Law Act 2017

What happens when the owner changes their mind about letting someone sell their stuff

299: Effect of withdrawal or expiry of owner’s consent

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Contract and Commercial Law Act 2017

Rules about agreeing to let someone handle your stuff

300: Provisions relating to consent

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Contract and Commercial Law Act 2017

Promising papers that prove you own something is like promising the actual thing

301: Effect of pledges of documents of title

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Contract and Commercial Law Act 2017

Using goods you don't fully own to pay off a debt you already have

302: Pledge of goods as security for existing debt or liability

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Contract and Commercial Law Act 2017

Trading goods or papers: What you need to know about swapping stuff

303: Rights acquired by exchange of goods or documents

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Contract and Commercial Law Act 2017

Agreements made with a business agent's workers or helpers are the same as deals made with the agent

304: Agreements through employees or other authorised persons

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Contract and Commercial Law Act 2017

Your right to keep goods until you're paid, even if the sender isn't the owner

305: Consignee’s lien

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Contract and Commercial Law Act 2017

How giving someone a document showing they own goods affects the seller's rights

306: Effect of transfer of document of title to goods on vendor’s lien and right of stopping goods in transit

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Contract and Commercial Law Act 2017

Other important rules about business deals

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Contract and Commercial Law Act 2017

How to give a document to someone else

307: Mode of transferring documents

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Contract and Commercial Law Act 2017

Rights of true owners when others handle their goods

308: Saving of rights of true owner

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Contract and Commercial Law Act 2017

Agents who buy and sell things for others keep their usual powers

309: Common law powers of mercantile agent

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

This section explains how the rules apply to business-related things.

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Contract and Commercial Law Act 2017

Explaining words used in business deals

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Contract and Commercial Law Act 2017

Explaining what words mean in this part of the law

312: Interpretation

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Contract and Commercial Law Act 2017

What happens when stuff mentioned in a document is lost or mixed up

313: Goods that cease to exist or cannot be identified

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Contract and Commercial Law Act 2017

Documents that give you rights when sending things by ship

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Contract and Commercial Law Act 2017

Rights given to people who hold shipping documents or are to receive goods

314: Holder of bill of lading or person to whom delivery is to be made has rights under contract of carriage

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Contract and Commercial Law Act 2017

What happens when your shipping document doesn't let you collect goods anymore

315: Rights where possession of bill of lading no longer gives right to possession of goods

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Contract and Commercial Law Act 2017

Your rights when receiving goods from a ship are based on what the delivery order says

316: Rights in relation to ship’s delivery order

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Contract and Commercial Law Act 2017

You can get help if your shipped items are damaged, even if you're not the one who can sue

317: Rights may be exercised for benefit of person who suffers loss or damage

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Contract and Commercial Law Act 2017

Rules about who is responsible when sending things by ship

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Contract and Commercial Law Act 2017

When you get rights to shipped goods, you might also get responsibilities

319: Person in whom rights are vested becomes subject to liabilities

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Contract and Commercial Law Act 2017

Ship's delivery order only makes you responsible for goods listed on it

320: Liabilities exclude liabilities in respect of goods to which ship’s delivery order does not relate

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Contract and Commercial Law Act 2017

Goods in transit: You can still stop delivery or ask for shipping payment

321: Right of stopping goods in transit, or claims for freight, not affected

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Contract and Commercial Law Act 2017

A shipping document proves what goods were loaded, even if they weren't

322: Bill of lading in hands of shipper, consignee, or endorsee is conclusive evidence as against master or other signer of bill

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Contract and Commercial Law Act 2017

Rules about special shipping documents that show goods have been received

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Contract and Commercial Law Act 2017

Rules for special shipping documents that say goods are ready to be sent

324: Special provisions about received for shipment bills of lading

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Contract and Commercial Law Act 2017

What words mean in laws about business and trade

325: Interpretation

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Contract and Commercial Law Act 2017

Ship owner can handle goods if you don't collect them on time

326: Shipowner may enter and land goods in default of entry and landing by owner of goods

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Contract and Commercial Law Act 2017

Ship owner must let you take your stuff if you're ready

328: Owner who is ready and offers to land or take delivery of goods

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Contract and Commercial Law Act 2017

Ship owners can keep their right to be paid for carrying goods after delivery by telling the warehouse

331: Continuation of lien for freight if shipowner gives notice

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Contract and Commercial Law Act 2017

How to get your stuff back from a wharf or warehouse when you owe money

332: Discharge of lien on production of receipt and delivery of copy of receipt or release

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Contract and Commercial Law Act 2017

How to remove a shipowner's claim on your goods by paying money to a warehouse

333: Discharge of lien on deposit with warehouse owner

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Contract and Commercial Law Act 2017

Wharf or warehouse owner can give deposit to shipowner if not told otherwise

334: Right of wharf owner or warehouse owner, if no notice is given, to pay deposit to shipowner

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Contract and Commercial Law Act 2017

What happens when you want to keep your goods at a wharf or warehouse

335: Course to be taken if notice to retain is given

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Contract and Commercial Law Act 2017

Wharf or warehouse can sell your stuff if you don't pick it up or pay

336: Wharf owner or warehouse owner may sell goods by public auction after 90 days

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Contract and Commercial Law Act 2017

Telling people about selling goods from your wharf or warehouse

337: Notices of sale to be given

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Contract and Commercial Law Act 2017

Paying for storing and caring for your stuff at a wharf or warehouse

339: Wharf owner’s or warehouse owner’s rent and expenses

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Contract and Commercial Law Act 2017

Tidying up old rules and making small changes to other laws

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Contract and Commercial Law Act 2017

Old business laws are replaced by newer ones

345: Repeal of revised Acts

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Contract and Commercial Law Act 2017

When old electronic transaction rules are cancelled

346: Revocation

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Contract and Commercial Law Act 2017

Changes to other laws are listed in Schedule 6

347: Amendments to other enactments

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Contract and Commercial Law Act 2017

How the new law works with old contracts and legal stuff

Schedule 1: Transitional, savings, and related provisions

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Contract and Commercial Law Act 2017

Small fixes to make laws clearer and work better together

Schedule 2: Minor amendments to clarify Parliament’s intent or reconcile inconsistencies

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Contract and Commercial Law Act 2017

A list that shows how old laws became part of the new law

Schedule 3: Comparative table

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Contract and Commercial Law Act 2017

Rules for buying and selling things between countries

Schedule 4: United Nations Convention on Contracts for the International Sale of Goods

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

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Contract and Commercial Law Act 2017

You can sell someone's item if they don't pay you for work you did on it

341: Power of sale under lien for work done

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Contract and Commercial Law Act 2017

Seller must tell you before selling your things to pay off your debt

342: Notice of sale to be given

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Contract and Commercial Law Act 2017

Ways to tell someone you're selling their stuff

343: How notice of sale is given to owner of goods

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Contract and Commercial Law Act 2017

Money from selling goods must be used to pay costs and debts first

344: How money arising from sale is to be applied

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Companies Act 1993

Different reporting rules for companies that deal with financial markets

209C: Alternative obligations for FMC reporting entities

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Companies Act 1993

How to liquidate an association and what rules apply

240B: Liquidation of associations

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Companies Act 1993

Rules for managing legal changes and their effects

8A: Transitional, savings, and related provisions

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Companies Act 1993

Rules for managing changes to the Companies Act

Schedule 1AA: Transitional, savings, and related provisions

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Fair Trading Act 1986

Rules for fair and honest trading to protect everyone

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Fair Trading Act 1986

This explains the name of the law and when it started working

1: Short Title and commencement

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Fair Trading Act 1986

Understanding important words and phrases used in the Fair Trading Act

2: Interpretation

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Fair Trading Act 1986

New Zealand's fair trading rules apply even when you're overseas

3: Application of Act to conduct outside New Zealand

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Fair Trading Act 1986

The government must follow fair trading rules when doing business

4: Application of Act to the Crown

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Fair Trading Act 1986

The law applies to government businesses just like other businesses

5: Application of Act to Crown corporations

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Fair Trading Act 1986

You can't get in trouble under this law if you didn't break other money rules, but this rule doesn't exist anymore

5A: No liability under Act if not liable under Securities Act 1978 or Securities Markets Act 1988

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Fair Trading Act 1986

The Fair Trading Act doesn't cover company buying and selling rules

5B: Act does not apply to certain conduct regulated by Takeovers Code

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Fair Trading Act 1986

Commission's job is to help people understand buying and selling rules

6: Functions of Commission in relation to dissemination of information

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Fair Trading Act 1986

The government no longer sets aside money for this law in the same way

7: Money to be appropriated by Parliament for purposes of this Act

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Fair Trading Act 1986

The rule about yearly reports was removed from the law in 2005

8: Annual report

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Fair Trading Act 1986

Rules about being fair and honest when selling things or making deals

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Fair Trading Act 1986

Tricking or fooling people is not allowed.

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Fair Trading Act 1986

Businesses must be honest and not trick people

9: Misleading and deceptive conduct generally

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Fair Trading Act 1986

You must be honest when selling things

10: Misleading conduct in relation to goods

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Fair Trading Act 1986

Businesses must be honest about their services

11: Misleading conduct in relation to services

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Fair Trading Act 1986

Be honest about jobs and don't trick people looking for work

12: Misleading conduct in relation to employment

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Fair Trading Act 1986

Lying or misleading people

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Fair Trading Act 1986

No lying or tricking when buying or selling things

13: False or misleading representations

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Fair Trading Act 1986

Telling lies or tricking people when buying or selling land is not allowed

14: False representations and other misleading conduct in relation to land

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Fair Trading Act 1986

News companies don't have to follow some rules when sharing information, except for ads

15: Limited application of sections 9 to 14 to news media

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Fair Trading Act 1986

You can't use fake trademarks when doing business

16: Certain conduct in relation to trade marks prohibited

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Fair Trading Act 1986

Things that are not fair when buying or selling

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Fair Trading Act 1986

Don't trick people with fake gifts or prizes when selling things

17: Offering gifts and prizes

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Fair Trading Act 1986

No more collecting stamps or tokens to get free stuff

18: Trading stamp schemes prohibited

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Fair Trading Act 1986

Rules about advertising things for sale at a certain price

19: Bait advertising

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Fair Trading Act 1986

You can't make someone buy things by promising rewards for finding new customers

20: Referral selling

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Fair Trading Act 1986

It's against the law to take money for things you don't plan to give

21: Demanding or accepting payment without intending to supply as ordered

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Fair Trading Act 1986

Don't lie about home businesses or money-making opportunities

22: Misleading representations about certain business activities

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Fair Trading Act 1986

No bullying or forcing people when buying or selling things

23: Harassment and coercion

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Fair Trading Act 1986

Unfair money-making schemes that trick people are not allowed

24: Pyramid selling schemes

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Fair Trading Act 1986

All rules in this part are equally important and work together

25: Provisions of this Part not limited by reference to other provisions of this Part

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Fair Trading Act 1986

Bringing goods with wrong labels into New Zealand is not allowed

26: Importation of goods bearing false trade description

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Fair Trading Act 1986

Rules for telling shoppers important stuff and making sure businesses follow these rules

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Fair Trading Act 1986

Rules about important information you should get when buying things or using services

27: Consumer information standards

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Fair Trading Act 1986

Rules for giving customers the right information when selling things

28: Compliance with consumer information standards

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Fair Trading Act 1986

Making sure things you buy are safe to use

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Fair Trading Act 1986

Rules to keep you safe when buying and using products

29: Product safety standards

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Fair Trading Act 1986

Selling safe products: Follow the rules for safety standards

30: Compliance with product safety standards

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Fair Trading Act 1986

The government can stop people from selling things that might hurt you

31: Unsafe goods

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Fair Trading Act 1986

The government can force companies to take back unsafe products

32: Compulsory product recall

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Fair Trading Act 1986

Rules to make sure the things people do for you are safe

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Fair Trading Act 1986

This section explains what 'services' means in this law, like fixing things or building houses

34: Meaning of services

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Fair Trading Act 1986

Follow safety rules when providing services

36: Compliance with services safety standards

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Fair Trading Act 1986

What happens when someone breaks the rules and how to make things right

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Fair Trading Act 1986

Which courts can deal with problems related to unfair trading

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Fair Trading Act 1986

The High Court can make important decisions about fair trading issues

37: Jurisdiction of High Court

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Fair Trading Act 1986

The District Court deals with fair trading cases and can make decisions about them

38: Jurisdiction of District Court

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Fair Trading Act 1986

The Disputes Tribunal can help with some problems under this law

39: Jurisdiction of Disputes Tribunal

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Fair Trading Act 1986

What happens when someone breaks the rules and how they can make it right

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Fair Trading Act 1986

Breaking certain rules in the Fair Trading Act can lead to fines

40: Contraventions of provisions of Parts 1 to 4A an offence

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Fair Trading Act 1986

Extra punishment for making money by breaking Fair Trading rules

40A: Additional penalty for contravention of section 24 involving commercial gain

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Fair Trading Act 1986

Rules about taking legal action when someone breaks the law

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Fair Trading Act 1986

The court can stop people from breaking the Fair Trading Act rules

41: Injunctions may be granted by court for contravention of Part 1, Part 2, Part 3, and Part 4

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Fair Trading Act 1986

Court can order rule-breakers to share information or fix mistakes

42: Order to disclose information or publish advertisement

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Fair Trading Act 1986

The law explains different ways to help someone if they've been treated unfairly when buying things

43: Other orders

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Fair Trading Act 1986

Ways you can defend yourself if someone says you broke the Fair Trading Act

44: Defences

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Fair Trading Act 1986

Companies and people are responsible for what their workers do

45: Conduct by servants or agents

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Fair Trading Act 1986

Court findings from earlier cases can be used as evidence in new cases

46: Finding in proceedings to be evidence

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Fair Trading Act 1986

Extra rules about searching, sharing information, and working with other countries

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Fair Trading Act 1986

The Commission can search places to check if someone is breaking the rules

47: Power to search

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Fair Trading Act 1986

This law about special permissions is no longer used

47A: Powers conferred by warrant

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Fair Trading Act 1986

This rule about showing a warrant was removed from the law

47B: Warrant to be produced

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Fair Trading Act 1986

Rules for searching have changed and this part no longer exists

47C: Other duties of person who executes a warrant

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Fair Trading Act 1986

This section about helping others was removed from the law

47D: Duty to assist

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Fair Trading Act 1986

This part of the law about checking papers and things was removed

47E: Power to inspect documents and goods

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Fair Trading Act 1986

It's against the law to stop or slow down special workers doing their job

47F: Offence to resist, obstruct, or delay

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Fair Trading Act 1986

Commission can ask for info and you must help

47G: Commission may require person to supply information or documents or give evidence

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Fair Trading Act 1986

Rules for official notices from the Commission

47H: Notices

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Fair Trading Act 1986

How you can be sent important legal notices and when they're considered received

47I: Service of notices

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Fair Trading Act 1986

Breaking rules about giving information can get you in trouble

47J: Offence to contravene section 47G

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Fair Trading Act 1986

The Commission and its people are protected from legal trouble when doing their job properly

48: Proceedings privileged

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Fair Trading Act 1986

This rule about sharing information with money experts is no longer part of the law

48A: Sharing of information and documents with Financial Markets Authority or Takeovers Panel

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Fair Trading Act 1986

Changes and removals of other laws and rules

49: Repeals and consequential amendments

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Fair Trading Act 1986

This law works alongside other laws and doesn't replace them

50: Saving of other laws

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Fair Trading Act 1986

This schedule lists changes made to another law

Schedule 1: Enactment amended

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Fair Trading Act 1986

List of old laws that are no longer used because of the Fair Trading Act 1986

Schedule 2: Enactments repealed

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Fair Trading Act 1986

Old rules about product labels that don't apply anymore

Schedule 3: Orders and notices revoked

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Employment Relations Act 2000

Rules about what information employers must share with unions

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Employment Relations Act 2000

Being honest and fair in the workplace

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Employment Relations Act 2000

After 30 days, non-union workers and their bosses can change their work agreements if they both agree.

63: Terms and conditions of employment of employee who is not member of union after expiry of 30-day period

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Employment Relations Act 2000

Talking and making deals about work

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Employment Relations Act 2000

Rules about the agreements between a worker and their boss

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Companies Act 1993

Fee for New Zealand Business Number costs is confirmed as valid

402: Validation of fee used to recover costs of Registrar of New Zealand Business Numbers

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Privacy Act 2020

Organisations can refuse access to your personal information if it reveals trade secrets or harms business interests

52: Trade secret as reason for refusing access to personal information

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Companies Act 1993

Rules for enforcing security over collateral in certain financial agreements during voluntary administration

239ABMA: Enforcement of security interest over collateral for qualifying derivative

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Racing Industry Act 2020

You can't use certain names that might make people think you're connected to racing organisations

125: Restriction on use of certain names

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Companies Act 1993

Protection for company directors during COVID-19 has ended

138B: Safe harbour for directors relating to effects of COVID-19

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Contract and Commercial Law Act 2017

How long a temporary change lasted (no longer applies)

218B: Period for which temporary modification applies

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Contract and Commercial Law Act 2017

Rules for certain orders have been removed from the law

218C: Requirements relating to orders made under section 218B

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Contract and Commercial Law Act 2017

This part of the law about temporary changes was removed and no longer applies

218D: Repeal of temporary modification provisions

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Companies Act 1993

Who counts as connected to a company in specific ways

291A: Meaning of related party

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Companies Act 1993

Company protections during COVID-19 (no longer in effect)

Schedule 12: Safe harbour provisions relating to outbreak of COVID-19

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Companies Act 1993

Rules for pausing business debts during COVID-19 no longer apply

395A: COVID-19 business debt hibernation

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Companies Act 1993

Rules for pausing business debts during COVID-19 (now ended)

Schedule 13: COVID-19 business debt hibernation

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Companies Act 1993

Rules for business debt during COVID-19 (no longer in effect)

395B: Regulations relating to COVID-19 business debt hibernation

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Companies Act 1993

Helping a new administrator take over

239TA: Provision of information and assistance to replacement administrator

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Companies Act 1993

Administrator can disregard votes from creditors they believe are related to the company

239AMA: Creditor’s vote disregarded if administrator considers creditor is related creditor

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Companies Act 1993

Court can make decisions about creditor votes and company meetings

239AMB: Further powers where court orders creditor’s vote be taken into account

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Companies Act 1993

Court can change voting outcome if related creditor influenced result

239AMC: Power of court where outcome of voting at creditors’ meeting determined by related creditor

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Companies Act 1993

Rules for disclosing conflicts of interest when becoming a company administrator

239APA: Requirements for interests statement

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Companies Act 1993

Giving information and help to the liquidator after being an administrator

239ABYA: Provision of information and assistance to liquidator

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Companies Act 1993

What deed administrators must disclose about their interests and potential conflicts

239ACEA: Requirements for interests statement

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Companies Act 1993

Helping the new deed administrator take over by providing necessary information and support

239ACJA: Provision of information and assistance to replacement deed administrator

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Companies Act 1993

Administrator must regularly update creditors about their interests

239ACZA: Administrator must file updates to interests statement

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Companies Act 1993

Administrator must write and submit a final report about the company's administration

239ACZB: Administrator must file summary report

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Companies Act 1993

What it means when administrators don't follow the rules

239ADUA: Meaning of failure to comply

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Companies Act 1993

Deed administrator tells officials and public about new role

239ADWA: Deed administrator must give notice of appointment

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Companies Act 1993

Directors declare company can pay debts within 12 months during liquidation

243A: Directors’ declaration that debts will be paid within 12 months

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Companies Act 1993

Liquidator can ignore votes from creditors they think are connected to the company

245B: Creditor’s vote disregarded if liquidator considers creditor is related creditor

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Companies Act 1993

Court's additional powers after ordering a creditor's vote to be counted

245C: Further powers where court orders creditor’s vote be taken into account

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Companies Act 1993

Court can intervene if related creditor unfairly influences vote during company liquidation

245D: Power of court where outcome of voting at meeting of creditors determined by related creditor

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Companies Act 1993

Liquidators must disclose conflicts of interest and their plans to manage them

255A: Requirements for interests statement

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Companies Act 1993

Managing company funds during liquidation

256A: Duties in relation to company money

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Companies Act 1993

Help the new liquidator by providing information and assistance

283A: Provision of information and assistance to replacement liquidator

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Companies Act 1993

Rules for selling or giving away company property while waiting for liquidation decision

296A: Dispositions of property after application but before appointment of liquidator

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Companies Act 1993

Things a company can't sell or give away when it's closing down

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Companies Act 1993

How to challenge and reverse certain company transactions as a liquidator

296B: Procedure for setting aside dispositions

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Companies Act 1993

Court can order property return or payment if company transfers are reversed

296C: Other orders

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Companies Act 1993

Rules for protecting innocent buyers when company property transfers are challenged

296D: Additional provisions relating to setting aside dispositions

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

When and how your registration as a financial service provider can be paused

22B: Suspension of registration

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

How the Commerce Commission can share information about some businesses

23: Information-sharing provisions between Registrar and Commission

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Fair Trading Act 1986

What you can include when you promise to fix a problem

46AA: Matters included in undertakings

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Fair Trading Act 1986

Commission can keep some things secret during investigations

48T: Powers of Commission to prohibit disclosure of information, documents, and evidence

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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Tell the Commerce Commission if you think a mobile trader might be breaking credit laws

67A: Duty to communicate information about mobile traders

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Contract and Commercial Law Act 2017

This part about how long changes last is no longer used

240B: Period for which temporary modification applies

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Contract and Commercial Law Act 2017

The government's special rule for giving more time no longer exists

240C: Order in Council may extend application period

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Contract and Commercial Law Act 2017

Government can decide to stop special changes to the law

240D: Order in Council may provide for modification to cease to apply

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Contract and Commercial Law Act 2017

Temporary rule changes are gone from the law

240E: Repeal of temporary modification provisions

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Companies Act 1993

Confirming the legality of past fees for Companies Office services

403: Validation of fees used to recover costs of other Companies Office registers, etc

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Fair Trading Act 1986

Rules for smooth changes when the Act is updated

2A: Transitional, savings, and related provisions

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Fair Trading Act 1986

Unfair behavior that goes beyond what is right or reasonable

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Fair Trading Act 1986

Businesses must always act fairly and reasonably when dealing with customers

7: Unconscionable conduct

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Fair Trading Act 1986

How courts decide if actions are unfair

8: Court may have regard to certain matters

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Fair Trading Act 1986

Rules about unfair parts in small business contracts

26B: Unfair contract terms in standard form small trade contracts

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Fair Trading Act 1986

Explaining what counts as a small business agreement

26C: Definition of small trade contract

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Fair Trading Act 1986

Rules for small business deals: who's involved, how much money, and what words mean

26D: Small trade contracts: trading relationship, annual value threshold, and other definitions

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Fair Trading Act 1986

Rules for deciding what counts as a small business deal

26E: Regulations relating to definition of small trade contract

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Fair Trading Act 1986

Rules for telling uninvited sellers to leave your home or stay away

36RA: Directions to leave premises or not enter premises

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Fair Trading Act 1986

Rules for changing old contracts and how new rules work

Schedule 1AA: Transitional, savings, and related provisions

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Electricity Industry Act 2010

Companies following electricity rules are treated as separate businesses under competition law

44D: Not interconnected under Commerce Act 1986

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Building Act 2004

It's against the law to falsely claim a product has been approved or certified when it hasn't.

272H: Offence to misrepresent product certificate

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Building Act 2004

You can get in big trouble for telling fibs about building stuff you're selling.

362VC: False or misleading representations in relation to building products

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Companies Act 1993

Explaining why the government charges fees for using official registers

404: Purpose of imposing levies

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Companies Act 1993

Rules for collecting money from certain groups to help pay for company registration costs

405: Regulations relating to levies

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Companies Act 1993

How levies are enforced and collected for different company groups

406: Implementation of levies

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Companies Act 1993

What the Minister considers when setting fees

407: Matters to which Minister must have regard

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Companies Act 1993

Minister must discuss proposed fees with affected groups before making new rules

408: Minister must consult

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Companies Act 1993

Minister must review sections and fees within 5 years and publish findings

409: Review of sections 404 to 408 and levies

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Companies Act 1993

People who might need to pay a special fee under company rules

Schedule 15: Registered persons that may be subject to levy

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About this project

What is this project?

This project is an experiment to take difficult language, and make it easier to read and understand for everyone.

How do we do this?

What’s our process for taking the law and turning it into plain language?

Why is the law written like it is?

Laws are often hard to read. They use a lot of words and language we don’t usually use when we talk.

Should we use AI for this?

What are the good and bad sides of using AI?

Is this information the actual law?

We hope that this information will help people understand New Zealand laws. But we think that it’s important you talk to someone who understands the law well if you have questions or are worried about something.

You can talk to Community Law or Citizen’s Advice Bureau about your rights.

Remember that AI can make mistakes, and just reading the law isn’t enough to understand how it could be used in court.