Banking and loans
This page contains different parts of laws about Banking and loans, within the topic of Money and consumer rights.
Related Plain Language Law
Conservation Act 1987
Money given to help conservation goes into a special bank account.
33: Receipts
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Helping you understand and trust money matters
Financial Service Providers (Registration and Dispute Resolution) Act 2008
When this law starts working and how it's decided
2: Commencement
Financial Service Providers (Registration and Dispute Resolution) Act 2008
This law explains who needs to be registered to provide money services and how to handle complaints
3: Overview
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Words and their meanings in this law about money services
4: Interpretation
Financial Service Providers (Registration and Dispute Resolution) Act 2008
What counts as a financial service in this law
5: Meaning of financial service
Financial Service Providers (Registration and Dispute Resolution) Act 2008
People and groups who don't count as financial service businesses
7: Persons who are not in business of providing financial service
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Signing up and staying on the list of money helpers
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to sign up and be removed from the list of financial service providers
10: Registration and deregistration
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Financial service businesses must register and join a special group to handle complaints
11: Person in business of providing financial service must be registered and member of approved dispute resolution scheme
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
What you need to be a registered financial service provider
13: Qualifications for registration as financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Who can't be registered because of past actions or current situations
14: Disqualified person
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to sign up as someone who helps with money matters
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to sign up as a money helper
15: Application to be registered as financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How the Registrar signs you up as a financial service provider
16: Registration of financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Financial service providers must tell the Registrar about important changes
17: Duty to notify changes relating to financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
When a financial service provider is removed from the official list
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How a financial service provider can be removed from the register
18: Deregistration of financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Letting a financial service provider know they might be taken off the list
19: Notice of intention to deregister
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How financial service providers can say no to being removed from the list
20: Objection to proposed deregistration of financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
The law says the Registrar must tell people when a financial service provider is taken off the list
21: Notification of deregistration of financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
A list of financial service providers is created
Financial Service Providers (Registration and Dispute Resolution) Act 2008
The Registrar keeps a list of people and companies that help with money
24: Register of financial service providers
Financial Service Providers (Registration and Dispute Resolution) Act 2008
What is the list of financial service providers for and how does it help people?
26: Purposes of register
Financial Service Providers (Registration and Dispute Resolution) Act 2008
List of important details about financial service providers kept in an official record
27: Contents of register
Financial Service Providers (Registration and Dispute Resolution) Act 2008
You must tell the Registrar about your money business every year
28: Annual confirmation
Financial Service Providers (Registration and Dispute Resolution) Act 2008
The person in charge must update the list of financial service providers when things change
29: Registrar must amend register in certain circumstances
Financial Service Providers (Registration and Dispute Resolution) Act 2008
You can look up information about financial service providers
31: Searches of register
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Why you can look at the list of financial service providers
32: Search purposes
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules for sharing private information with other important groups
34: Sharing information with other persons or bodies
Financial Service Providers (Registration and Dispute Resolution) Act 2008
The government picks someone to make a list of money helpers
35: Appointment of Registrar
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Company bosses can get in trouble if their company breaks the law
40: Offence also committed by director
Financial Service Providers (Registration and Dispute Resolution) Act 2008
It's against the law to lie or hide facts when registering as a financial service provider
41: Offence to make false or misleading representation
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to challenge decisions about your financial service provider registration
42: Appeals from Registrar’s decisions and FMA directions
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules for managing financial services and providers
44: Regulations under Part 1 and this Part
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Solving money arguments: How to fix problems between customers and money businesses
Financial Service Providers (Registration and Dispute Resolution) Act 2008
This part explains how to get help if you have problems with money companies
47: Purpose of this Part
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules for solving problems between financial companies and customers
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules for solving problems with financial service providers
63: Rules about approved dispute resolution scheme
Financial Service Providers (Registration and Dispute Resolution) Act 2008
The rule about a backup plan for financial services was removed
71: Reserve scheme
Financial Service Providers (Registration and Dispute Resolution) Act 2008
When a backup plan for money help can be cancelled
73: Revocation of appointment as reserve scheme
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Telling a backup problem-solver they might lose their job
74: Notice of intention to recommend revocation of appointment as reserve scheme under section 73(2)(a) or (b)
Financial Service Providers (Registration and Dispute Resolution) Act 2008
You used to be able to disagree if someone wanted to remove a financial service provider from a list, but this rule no longer exists.
75: Objection to intended recommendation for revocation
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Money to pay for backup plan (no longer used)
77: Levy to fund reserve scheme
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules for settling money arguments with financial companies
79: Regulations under this Part
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Changes to another law because of this new law about money help companies
Schedule 1: Consequential amendment
Financial Service Providers (Registration and Dispute Resolution) Act 2008
What it means to run a business that offers money-related help to people
6: Meaning of in the business of providing a financial service
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Signing up again to provide money-related services
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Re-adding a financial service provider to the official list
22: Reregistration of financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
This part about responsible money helpers was taken out of the law
23: Responsible financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Financial service providers need to join a special group that handles customer complaints
48: Financial service provider must be member of dispute resolution scheme
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Sharing information when setting up a backup plan for financial services (no longer applies)
76: Duty to co-operate and communicate information in certain circumstances
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Who can give and who needs special permits for money services
Schedule 2: Licensing authorities and licensed providers
Financial Service Providers (Registration and Dispute Resolution) Act 2008
People who need extra protection when using financial services
49: Who are retail clients
Financial Service Providers (Registration and Dispute Resolution) Act 2008
People who want fewer protections when getting money help
49A: Who are eligible investors
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to cancel your special investor status with a financial company
49C: Revocation of certification
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to tell your financial service provider you don't want to be a wholesale client anymore
49D: How to opt out of being wholesale client
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Telling a financial service provider you're cancelling approval or opting out of their dispute service
49E: Giving revocation of certification or notification of opt out
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Removed rule about money for a special service that helped with money problems
72A: Reserve scheme: rules about fees and charges
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules about fees for financial services were removed
78A: Levy
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Money penalty for breaking wholesale certification rules
79A: Pecuniary order for contravening wholesale certification requirement
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
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
The FMA can stop you from becoming a registered financial service provider
15B: FMA may prevent registration of financial service provider
Financial Service Providers (Registration and Dispute Resolution) Act 2008
FMA can stop someone from registering as a financial service provider, even if they meet all other rules
15C: FMA may prevent registration regardless of whether applicant is otherwise qualified to be registered
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
FMA can check if a financial service provider should be taken off the list
18B: Consideration of deregistration of financial service provider by FMA
Financial Service Providers (Registration and Dispute Resolution) Act 2008
FMA can remove a financial service provider from the register for any reason
18C: FMA may direct deregistration regardless of whether section 18(1) applies
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Rules for switching to new laws about money services
Schedule 1AA: Transitional, savings, and related provisions
Financial Service Providers (Registration and Dispute Resolution) Act 2008
This law explains who must follow the rules about financial services
7A: Application of Act
Financial Service Providers (Registration and Dispute Resolution) Act 2008
You don't need to sign up twice for some money-related jobs if you're already signed up for similar work
12A: Registration for certain overlapping services not required
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
Financial Service Providers (Registration and Dispute Resolution) Act 2008
How to sign up as a financial advisor, even if you're not the boss
22C: Registration of financial advisers
Financial Service Providers (Registration and Dispute Resolution) Act 2008
Financial advisers can lose their registration if they don't work with a provider for a long time
22D: Financial adviser may be deregistered if not engaged by provider for extended period
Financial Service Providers (Registration and Dispute Resolution) Act 2008
A simple guide to who hires a financial adviser when they work through someone else
44A: Who financial adviser is treated as engaged by when engaged indirectly
Financial Service Providers (Registration and Dispute Resolution) Act 2008
When a financial adviser doesn't need to join a complaint-handling group
48A: When financial adviser is exempt from being member
Financial Service Providers (Registration and Dispute Resolution) Act 2008
FMA oversees licensing for people who run financial markets
44B: FMA acts as licensing authority in relation to operators of financial product markets
Local Government (Rating) Act 2002
What happens if you don't pay your rates: your property can be sold or leased
70: Rating unit may be sold or leased
Sentencing Act 2002
A declaration as to financial capacity is a statement about how much money someone has.
Sentencing Act 2002
Bailiff can help you pay debt later
184: Bailiff may arrange extension of time to pay
Sentencing Act 2002
Money in an account can be paid to certain organisations by the Secretary.
105F: Distribution of money in account
Immigration Act 2009
Government departments share information to recover benefit costs from visa sponsors
299: Information matching to recover costs of visa holder's social security benefit from sponsor
Immigration Act 2009
Rules for paying and getting back immigration bonds
396: Imposition of bonds
Immigration Act 2009
Getting your bond money back or having it taken away
397: Refund or forfeiture of bond
Immigration Act 2009
Rules for getting back or losing immigration bonds paid under the old law
469: Bonds imposed under former Act
Oranga Tamariki Act 1989
Chief executive can help kids with money for their needs
387: Chief executive empowered to make payments for benefit of children and young persons
Oranga Tamariki Act 1989
Help with money to care for a child when other support stops
389: Financial assistance in other cases
Oranga Tamariki Act 1989
People looking after you can control your money while you're in their care.
390: Power to control finances of young persons under guardianship or in custody
Oranga Tamariki Act 1989
Help with money for young people living with caregivers
386AAG: Financial assistance for support arrangements
Trade Marks Act 2002
You might need to pay money upfront for trademark cases
167: Commissioner or court may require security for costs
Local Government Act 2002
The Auditor-General tells the local council about money problems and how to fix them
44: Report by Auditor-General on loss incurred by local authority
Local Government Act 2002
Councils can't give special deals when lending money to their trading groups
63: Restriction on lending to council-controlled trading organisation
Local Government Act 2002
A plan for how your local council borrows and manages money
104: Liability management policy
Local Government Act 2002
Rules for how local councils handle money and investments
105: Investment policy
Local Government Act 2002
This part explains tricky words about local government money and borrowing
112: Interpretation
Local Government Act 2002
How local councils plan, make decisions, and borrow money in a responsible way.
Local Government Act 2002
Councils can't borrow money in foreign money, except for special cases
113: Prohibition on borrowing in foreign currency
Local Government Act 2002
Rules that protect you when you use your stuff as a promise for money you borrow
114: Constraints on receiver
Local Government Act 2002
Rates can be used to guarantee loans or agreements made by councils
115: Rates as security
Local Government Act 2002
A list of money owed by the council and what they own
116: Register of charges maintained by local authority
Local Government Act 2002
The government does not promise to pay back money borrowed by local councils or Watercare Services Limited, and they must say so in their loan documents and information about financial products.
122: Disclosure document and loan documents to contain statement that the Crown does not guarantee financial products or loan
Local Government Act 2002
How local councils can get money you owe them
252: Recovery of debts
Local Government Act 2002
Changes made to rules about using personal items as loan guarantees
264: Amendment to Personal Property Securities Act 1999
Local Government Act 2002
A new list of rules was added to a law about managing money problems
265: New Schedule added to Receiverships Act 1993
Local Government Act 2002
Rules for community groups that look after money from selling port shares
298: Community trusts
Local Government Act 2002
Using money from a special council fund for borrowing
299: Borrowing from sinking fund
Local Government Act 2002
Paying back part of a loan early using a special savings fund
300: Cancellation of part of loan in respect of which sinking fund is held
Local Government Act 2002
You need permission to get money from a special savings account for loans
301: Consent required for release of sinking fund
Local Government Act 2002
Rules for changing who manages money saved to repay local government loans
302: Provisions relating to Public Trust and Board of Trustees of National Provident Fund
Local Government Act 2002
Rules about old loans and rates for city councils
306: Local Authorities Loans Act 1956
Local Government Act 2002
Rules can include special money guidelines in the law
259D: Regulations may incorporate financial reporting standards by reference
Local Government Act 2002
What happens when rules are changed or replaced in laws about financial reporting
259E: Effect of amendments to, or replacement of, standards incorporated by reference in regulations
Local Government Act 2002
How to prove that official standards are part of the rules
259F: Proof of standards incorporated by reference
Local Government Act 2002
What happens when money rules in the law stop working
259G: Effect of expiry or revocation of standards incorporated by reference
Income Tax Act 2007
Selling your part of a business: what happens with tax
HG 5: Disposal of partner’s interests
Income Tax Act 2007
How non-monetary benefits for business loans are treated as income
CC 7: Consideration other than in money
Income Tax Act 2007
Tax treatment of forgiven government business loans
CF 2: Remission of specified suspensory loans
Income Tax Act 2007
How reporting banks split interest costs and include them as income
CH 10: Interest apportionment: reporting bank
Income Tax Act 2007
This rule about getting money back when loans are repaid no longer applies
CU 16: Recovery of reinvestment profit on repayment of loans
Income Tax Act 2007
Loans from employers and their tax implications
CX 10: Employment-related loans
Income Tax Act 2007
Loans from life insurers linked to your job and insurance policy
CX 11: Employment-related loans: loans by life insurers
Income Tax Act 2007
What an employee share loan is and how it works
CX 35: Meaning of employee share loan
Income Tax Act 2007
Outdated rule about repaying loans from reinvestment profit no longer applies
CX 46: Repayment of loans made from reinvestment profit
Income Tax Act 2007
Adjustments to loan amounts due to changes in New Zealand's inflation
CX 53: Credits for inflation-indexed instruments
Income Tax Act 2007
Rules for foreign currency loans and exchange rate changes in business
CZ 3: Exchange variations on 8 August 1975
Income Tax Act 2007
Deducting costs when borrowing money for business investments
DB 5: Transaction costs: borrowing money for use as capital
Income Tax Act 2007
Rules for tax deductions when you guarantee someone else's debt
DB 15: Sureties
Income Tax Act 2007
How to understand the purpose and repayment of grant-related suspensory loans
DF 3: Identifying expenditure for purposes of sections DF 1 and DF 2
Income Tax Act 2007
Deductions available for building societies on certain expenses and share-related costs
DV 10: Building societies
Income Tax Act 2007
Insurance claims for policies spanning 1 July 1993 limited to events after that date
DZ 10: General insurance with risk period straddling 1 July 1993
Income Tax Act 2007
Delayed ownership for items bought on credit
EE 3: Ownership of goods subject to reservation of title
Income Tax Act 2007
Account for storing and managing income deposits for tax purposes
EH 5: Main income equalisation account
Income Tax Act 2007
Earning interest on deposits in a main income equalisation account
EH 6: Interest on deposits in main income equalisation account
Income Tax Act 2007
A financial arrangement is an agreement to receive or pay money now or in the future
EW 3: What is a financial arrangement?
Income Tax Act 2007
Costs and payments for hire purchase or finance lease agreements
EW 33: Consideration for hire purchase agreement or finance lease
Income Tax Act 2007
Payment rights when you leave the financial arrangement rules
EW 36: Consideration when person exits from rules: accrued entitlement
Income Tax Act 2007
Rules for valuing financial arrangements when sold for less than expected
EW 39: Consideration affected by unfavourable factors
Income Tax Act 2007
How to calculate value when you get something for free or less than it's worth in a financial arrangement
EW 42: Consideration when acquisition for no, or inadequate, consideration
Income Tax Act 2007
Special rules for debt sold at a discount to someone connected to the debtor
EW 43: Consideration when debt disposed of at discount to associate of debtor
Income Tax Act 2007
Calculating payments when someone else takes over financial obligations
EW 47: Legal defeasance
Income Tax Act 2007
Rules for lending shares you've acquired through a financial arrangement
EW 52: Share supplier under share-lending arrangement
Income Tax Act 2007
What counts as a claim for life insurance payments
EY 7: Meaning of claim
Income Tax Act 2007
What a life insurance policy means and covers
EY 9: Meaning of life insurance policy
Income Tax Act 2007
How the law explains terms for life insurance and reinsurance
EY 14: Life insurance and life reinsurance: how sections relate
Income Tax Act 2007
Calculating unpaid insurance claims for certain life insurance policies
EY 24: Outstanding claims reserving amount: non-participation policies not annuities
Income Tax Act 2007
How insurance companies calculate reserves for certain policies
EY 25: Premium smoothing reserving amount: non-participation policies not annuities
Income Tax Act 2007
Rules for selling debts to people connected with the borrower
EZ 41: Disposal of debt to associate of debtor
Income Tax Act 2007
Rules for handling debt instruments with changing principal amounts on a specific date
EZ 43: Variable principal debt instruments
Income Tax Act 2007
How to calculate the loan amount in a finance lease
FA 7: Determining amount of loan
Income Tax Act 2007
Rules for buying leased items and how it affects your taxes
FA 9: Treatment when lease ends: lessee acquiring asset
Income Tax Act 2007
Rules for when a rented item is returned at the end of a long-term lease
FA 10: Treatment when lease ends: lessor acquiring asset
Income Tax Act 2007
Tax rules for hire purchase sales treat them as loans with immediate property transfer
FA 12: Recharacterisation of amounts derived under hire purchase agreements
Income Tax Act 2007
How hire purchase agreements are treated as sales for tax purposes
FA 13: Agreements recharacterised as sale with finance provided
Income Tax Act 2007
What happens if a seller gets back property from an ended hire purchase agreement
FA 15: Treatment when agreement ends: seller acquiring property
Income Tax Act 2007
How to handle the end of a hire purchase agreement if you're a cash basis seller
FA 16: Treatment when agreement ends: when seller is cash basis person
Income Tax Act 2007
How to calculate the sale price when a hire purchase agreement ends for cash basis buyers
FA 17: Treatment when agreement ends: when buyer is cash basis person
Income Tax Act 2007
Use New Zealand dollars for calculating financial values
FE 10: Currency
Income Tax Act 2007
Minimum equity requirement for NZ banking groups
FE 19: Banking group’s equity threshold
Income Tax Act 2007
Explaining how banks calculate financial and regulatory values for reporting
FE 20: Financial value and regulatory value
Income Tax Act 2007
How to work out your bank's net value in New Zealand
FE 21: Banking group’s New Zealand net equity
Income Tax Act 2007
Calculating a bank group's overseas investments for tax purposes
FE 22: Notional offshore investment
Income Tax Act 2007
How to calculate a banking group's debt used for funding
FE 23: Banking group’s funding debt
Income Tax Act 2007
Rules for making and changing banking regulations in New Zealand
FE 24: Regulations
Income Tax Act 2007
How to determine who belongs to a New Zealand banking group
FE 33: New Zealand banking group
Income Tax Act 2007
How to determine the top-level owner of a New Zealand banking group
FE 34: Identifying ultimate parent
Income Tax Act 2007
Who can be left out of a banking group
FE 35: Persons who may be excluded from banking groups
Income Tax Act 2007
How banks and related entities form a New Zealand banking group
FE 36: Identifying members of New Zealand banking group in usual case
Income Tax Act 2007
How to identify the reporting bank in a New Zealand banking group
FE 37: Reporting bank for New Zealand banking group
Income Tax Act 2007
How to count ownership interests for New Zealand banking groups
FE 41: Treatment of associated persons’ interests
Income Tax Act 2007
How to calculate the remaining balance when amounts are forgiven during a business merger
FO 20: Calculation of outstanding accrued balance: amounts remitted
Income Tax Act 2007
Rules for when someone takes control of property due to unpaid loans
HD 10: Mortgagees in possession
Income Tax Act 2007
Rules for companies that issue loans to investors
HD 14: Companies issuing debentures
Income Tax Act 2007
Rules for businesses paying interest on deposits from non-residents
HD 22: Banking companies
Income Tax Act 2007
Rules for sending money overseas to non-residents
HD 25: Persons remitting amounts outside New Zealand
Income Tax Act 2007
Types of business dealings between an association and its members
HE 2: Classes of mutual transaction
Income Tax Act 2007
Rebates to members given as shares or reduced share payments
HE 5: Association rebates paid by shares or credit
Income Tax Act 2007
What group investment funds mean in the Income Tax Act 2007
HR 3: Definitions for section HR 2: group investment funds
Income Tax Act 2007
Limit on tax credit for home vendor mortgage lending
LZ 7: Maximum amount of credit under section LZ 6
Income Tax Act 2007
Explanation of a special home loan guaranteed by Housing New Zealand before August 1982
LZ 8: Meaning of home vendor mortgage
Income Tax Act 2007
Transfer of life insurance business by PCA companies (removed in 2010)
OJ 11: PCA company’s transfer of life insurance business
Income Tax Act 2007
Moving money between company accounts in a group to pay bills
OP 22: Consolidated ICA transfer from group company’s ICA
Income Tax Act 2007
Money that belongs to people in a group who have insurance policies together
Income Tax Act 2007
Valuing employee loans using market interest rates
RD 35: Employment-related loans: value using market interest rates
Income Tax Act 2007
Paying back loans from your job with your work income
RD 36: Repayment of employment-related loans
Income Tax Act 2007
Limits on refunds when unit trusts and investment funds close or change
RM 33: Limits on refunds for certain unit trusts and group investment funds
Income Tax Act 2007
How PAYE intermediaries manage trust accounts for employee pay and tax
RP 6: Operation of PAYE intermediaries’ trust accounts
Income Tax Act 2007
You must ensure funds are available when your PAYE intermediary transfers money to pay employees
RP 9: Authorised transfers from accounts
Income Tax Act 2007
Rules for when an insurance company changes to a regular company structure
YC 17: Demutualisation of insurers
Income Tax Act 2007
What happens when a special company stops helping with debt funding?
HR 10: What happens when vehicle stops being transparent debt funding special purpose vehicle?
Income Tax Act 2007
Limit on how much you can invest in a fund class
HM 15: Maximum investor interests
Income Tax Act 2007
How to represent a PIE investor and manage their investment
HM 33: Proxies for PIE investors
Income Tax Act 2007
Formulas for calculating potential insurance payouts due to death
EZ 54: Expected death strain formulas
Income Tax Act 2007
Calculating the average risk for multi-person life insurance policies
EZ 55: Expected death strain formulas: option when more than 1 life insured
Income Tax Act 2007
Calculating insurance payouts for living to a specific age or date
EZ 57: Expected death strain formulas: when annuity payable on survival to date or age specified in policy
Income Tax Act 2007
Adjusting life insurance calculations when partial reinsurance is involved
EZ 58: Expected death strain formula (life): when partial reinsurance exists
Income Tax Act 2007
Explanation of funds set aside by life insurance companies
EZ 59: Meaning of actuarial reserves
Income Tax Act 2007
How life insurance companies calculate money set aside for future payouts
EZ 60: Actuarial reserves: calculation
Income Tax Act 2007
Rules for when you start a new life insurance and what you need to do.
Income Tax Act 2007
Identifying members of government-owned banks without interest division requirements
FE 36B: Identifying members of New Zealand banking group: Crown-owned, no interest apportionment
Income Tax Act 2007
Special rules for KiwiRail's leased assets and personal property lease payments
EZ 67: Leased assets
Income Tax Act 2007
This part explains when rules apply to foreign banks lending money to their New Zealand branches
FG 1: When this subpart applies
Gambling Act 2003
Using your casino licence as security for a loan needs Gambling Commission approval
126: Mortgage or assignment of casino licence
Gambling Act 2003
Old bank account law is no longer used, it was stopped in 2005.
258: Bank accounts
Search and Surveillance Act 2012
Changes are made to the law about reporting financial transactions.
Search and Surveillance Act 2012
Changes to the law about reporting big money transactions
246: Amendments to Financial Transactions Reporting Act 1996
Search and Surveillance Act 2012
Changes are made to the law about the Reserve Bank of New Zealand.
Search and Surveillance Act 2012
Changes to the Reserve Bank of New Zealand law
296: Amendments to Reserve Bank of New Zealand Act 1989
Search and Surveillance Act 2012
Changes are made to the law about credit contracts and consumer finance.
Search and Surveillance Act 2012
Changing the rules about credit contracts and consumer finance
314: Amendment to Credit Contracts and Consumer Finance Act 2003
Search and Surveillance Act 2012
Changes to the law that stops money laundering and terrorism funding
201: Amendments to Anti-Money Laundering and Countering Financing of Terrorism Act 2009
Search and Surveillance Act 2012
Changes are made to the law that supervises insurance companies.
Search and Surveillance Act 2012
Changes to the Insurance Law to update decision-making rules
265: Amendments to Insurance (Prudential Supervision) Act 2010
Civil Aviation Act 1990
The Government tells us how much money 'francs' are worth in New Zealand dollars
91S: Currency equivalent notices
Civil Aviation Act 1990
Rules for financing and protecting big moving things across countries
Schedule 7: Convention on International Interests in Mobile Equipment
Resource Management Act 1991
If you don't pay certain costs when asked, the government can make you pay them back like a debt.
149ZF: Liability to pay costs constitutes debt due to EPA or the Crown
Child Support Act 1991
Money for supporting a spouse or partner goes directly to them
145: Payment to spouses or other partners
Child Support Act 1991
What happens to child support payments if you go bankrupt
182: Bankruptcy
Child Support Act 1991
How to put a hold on someone's life insurance policy to get money they owe you
185: Charging orders on life insurance policies
Child Support Act 1991
Court can stop people from getting rid of property to avoid paying child support
200: Dispositions may be restrained
Child Support Act 1991
The law changed how some people get paid first when a company runs out of money
245: Preferential payments
Child Support Act 1991
How the law decides what's most important when someone can't pay their debts
251: Priorities
Child Support Act 1991
Bankruptcy release frees you from some debts
252: Debts from which discharge releases bankrupt
Electricity Industry Act 2010
Trustees must tell everyone where to find the trust's money reports
100: Publication of audited financial statements
Electricity Industry Act 2010
Rules for picking and paying someone to check a community or customer trust's money
101: Auditor of trusts
Electricity Industry Act 2010
Authority can pause trading if a company is in financial trouble
49: Authority may suspend trading in case of insolvency
Electricity Act 1992
Interest charges on rural power bills have been cancelled
49: Interest on levies
Electricity Act 1992
Rules about money records for groups that help customers and communities
Electricity Act 1992
Community and customer trusts no longer need to have their money records checked by experts
158A: Community and customer trusts to prepare audited financial statements
Electricity Act 1992
Law about sharing money reports no longer applies
158B: Publication of audited financial statements
Electricity Act 1992
Rules about financial statements for trusts have been removed from the law
158F: Application of sections 158A to 158E
Corrections Act 2004
Your benefit payments can stop straight away if incorrect information is found.
180C: Social assistance may be suspended immediately if discrepancy discovered
Corrections Act 2004
Notice to explain why your payments were stopped
180D: Notice required by section 180C(1)(d)
Corrections Act 2004
What section 180A is about: sharing prisoner information to help with benefits and debts
180: Purpose of section 180A
Electoral Act 1993
Breaking rules to hide who donated money can get you in trouble and a big fine.
207H: Offence relating to contravention of section 207G
Electoral Act 1993
What happens to donations when you don't know who gave them
207I: Anonymous donations
Electoral Act 1993
There's a limit on how much money a political party can keep secret from donors
208B: Limit on maximum amount of donations protected from disclosure
Electoral Act 1993
What happens if someone disagrees with your claim about a loan?
214BB: Procedure if claim disputed
Charitable Trusts Act 1957
This part explains which charitable donations are covered by the law
39: Funds to which this Part applies
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
Biosecurity Act 1993
Money collected from a levy must be kept in a special bank account for the Director-General.
140A: Trust accounts for levy money payable to Director-General
Biosecurity Act 1993
Money collected from levies must be kept in a special bank account, separate from other money.
100O: Trust accounts for levy money
Student Loan Scheme Act 2011
Tax office can take extra money from your pay to fix student loan mistakes
49: Commissioner must issue additional deduction rate notice to obtain Commissioner deductions
Student Loan Scheme Act 2011
Help if you're struggling to pay back your student loan
147: Hardship relief for any tax year
Student Loan Scheme Act 2011
You can't ask to lower your student loan payments anymore
101: Borrower may apply for reduction of deduction rate to reflect lower repayment obligation
Student Loan Scheme Act 2011
Asking to use leftover repayment limit for your second job's earnings
42: Application for unused repayment threshold to be allocated to secondary employment earnings
Student Loan Scheme Act 2011
When the different parts of the student loan law start working
2: Commencement
Student Loan Scheme Act 2011
Student Loan Scheme Act 2011
This law explains why we have student loans and how they work
3: Purposes
Student Loan Scheme Act 2011
Words used in the student loan rules and what they mean
4: Interpretation
Student Loan Scheme Act 2011
This law explains who needs to pay back student loans and when
6: Application of Act
Student Loan Scheme Act 2011
This law explains how bonded scholarships are treated like student loans if you break the rules
7: Application of Act to bonded scholarships
Student Loan Scheme Act 2011
The government must follow the student loan rules too
8: Act binds the Crown
Student Loan Scheme Act 2011
Student Loan Scheme Act 2011
Why the law lets people share information about student loans
9: Purposes of sections 10, 11, 16, and 17
Student Loan Scheme Act 2011
Student loan manager tells tax office about loan requests
10: Loan manager must notify Commissioner of persons who apply for student loan
Student Loan Scheme Act 2011
Loan company tells tax office about student borrowers
16: Loan manager must notify Commissioner of borrower's details
Student Loan Scheme Act 2011
Inland Revenue tells you how much you owe on your student loan
19: Commissioner must inform borrowers about consolidated loan balance
Student Loan Scheme Act 2011
Student Loan Scheme Act 2011
Explains when you're based in New Zealand or overseas for your student loan
21: Overview of being New Zealand-based or overseas-based
Student Loan Scheme Act 2011
What it means to be based in New Zealand for student loans
22: Meaning of New Zealand-based
Student Loan Scheme Act 2011
When the law thinks you live outside New Zealand
23: Meaning of overseas-based
Student Loan Scheme Act 2011
How part-days in New Zealand count for student loans
24: Treatment of partial days
Student Loan Scheme Act 2011
Some people with student loans can be seen as if they're in New Zealand even when they're not
Student Loan Scheme Act 2011
Borrowers abroad might be treated as if they're in New Zealand for their student loans
25: Commissioner may treat certain borrowers as being physically in New Zealand
Student Loan Scheme Act 2011
How to ask to be treated as if you're in New Zealand for your student loan
26: Method of making application and provision of evidence and information
Student Loan Scheme Act 2011
Student loan boss tells you when you're treated as being in NZ
27: Commissioner must notify borrower and specify period or conditions when granting application
Student Loan Scheme Act 2011
You must tell the government when you leave or come back to New Zealand
Student Loan Scheme Act 2011
Tell the government if you'll be away from New Zealand for a long time
28: Borrower to notify Commissioner of absence from New Zealand of 184 or more days
Student Loan Scheme Act 2011
Tell the government when you return to New Zealand for more than 6 months
29: Borrower to notify Commissioner of return to New Zealand of more than 183 days
Student Loan Scheme Act 2011
How you pay back your student loan if you're in New Zealand or overseas
Student Loan Scheme Act 2011
You must repay the money you borrowed for your student loan
30: Borrower's liability to repay consolidated loan balance
Student Loan Scheme Act 2011
Different loan repayment rules for people living in New Zealand and overseas
31: Repayment obligations that apply to New Zealand-based borrowers and overseas-based borrowers
Student Loan Scheme Act 2011
How the law applies to you based on your income sources
32: Interrelationship between subparts 1 and 2
Student Loan Scheme Act 2011
Student Loan Scheme Act 2011
Rules for repaying student loans if you work in New Zealand
33: Application of this subpart
Student Loan Scheme Act 2011
Rules for taking student loan payments from your work pay in New Zealand
34: Repayment codes for New Zealand-based borrowers who derive salary or wages
Student Loan Scheme Act 2011
Tell your boss about your student loan when you start work
35: Borrowers with SL repayment code must notify employers
Student Loan Scheme Act 2011
Bosses take out student loan money from your pay
36: Employer or PAYE intermediary must make standard deductions from salary or wages
Student Loan Scheme Act 2011
How much money your work takes from your pay to help pay back your student loan
37: Deduction rates that apply to standard deductions from salary or wages
Student Loan Scheme Act 2011
Special rules for taking student loan payments from your main benefit
40: Deductions from main benefits
Student Loan Scheme Act 2011
You might be able to use extra money from your main job to help pay off your student loan from your second job.
Student Loan Scheme Act 2011
Words that explain when you need to start paying back your student loan
41: Definitions relating to repayment thresholds
Student Loan Scheme Act 2011
How to guess your income for three months
43: Determining estimated salary or wages
Student Loan Scheme Act 2011
How to work out the leftover money you can earn before paying back your student loan
44: Calculating borrower's unused repayment threshold for pay period
Student Loan Scheme Act 2011
Getting a special certificate to use your leftover repayment threshold for your second job
45: Special deduction rate certificate for unused repayment threshold
Student Loan Scheme Act 2011
The government can give you a special paper that changes how much money is taken from your pay
46: Issue and application of special deduction rate certificate
Student Loan Scheme Act 2011
Keep checking and telling the government about changes to your loan and work
47: Ongoing obligations of borrower to review and notify
Student Loan Scheme Act 2011
When your special student loan repayment rate ends
48: Time when special deduction rate ceases to apply
Student Loan Scheme Act 2011
How the government tells you and your employer about taking more money from your pay for your student loan
50: Procedures for issue of additional deduction rate notice
Student Loan Scheme Act 2011
Checking if the right amount was taken from your pay for your student loan
51: Assessment of standard deductions that ought to have been made
Student Loan Scheme Act 2011
How the government checks and tells you about your student loan payments
52: Recovery of assessed amounts
Student Loan Scheme Act 2011
Students who study full-time don't have to make regular loan payments
Student Loan Scheme Act 2011
Telling the government you don't want money taken out of your pay for your student loan
55: Declaration by eligible borrowers for exemption from standard deductions
Student Loan Scheme Act 2011
What happens when you tell the government about your student loan payments
56: Notice from Commissioner
Student Loan Scheme Act 2011
What happens when you don't need student loan money taken from your pay
57: Consequences of exemption from standard deductions
Student Loan Scheme Act 2011
You can change your mind about not paying your student loan from your pay
58: Withdrawal of declaration
Student Loan Scheme Act 2011
Tell IRD and your boss if something changes with your student loan
59: Notice of change of circumstances
Student Loan Scheme Act 2011
When you can't be exempt from student loan deductions anymore
60: When exemption from standard deductions ceases to apply
Student Loan Scheme Act 2011
What borrowers need to know and decide about paying back their loans
Student Loan Scheme Act 2011
Employers must share details about student loan money taken from pay
61: Information to show salary or wage deductions made
Student Loan Scheme Act 2011
Commissioner helps decide how much to take from your pay for student loans
62: Commissioner must determine question about amount of salary or wage deductions
Student Loan Scheme Act 2011
The Student Loan Boss decides when mistakes in repayments are big enough to worry about
63: Commissioner determines what is significant under-deduction or significant over-deduction
Student Loan Scheme Act 2011
Money taken from your pay for student loans is final unless there's a big mistake
64: Standard deductions are full and final unless significant error
Student Loan Scheme Act 2011
What to do if you think too much money was taken for your student loan
65: Significant over-deduction identified by borrower
Student Loan Scheme Act 2011
The government checks if they took too much money for your student loan
66: Commissioner must determine whether significant over-deduction made
Student Loan Scheme Act 2011
What happens if not enough money is taken from your pay for your student loan
68: Applicable procedures if significant under-deduction
Student Loan Scheme Act 2011
General rules about taking money from your pay for student loans
Student Loan Scheme Act 2011
The government can stop you from changing your loan payments if they think you're not being fair
69: Prohibition on applications or declarations to maintain integrity of student loan scheme
Student Loan Scheme Act 2011
Rules for taking money from your pay for student loans
70: PAYE rules apply to salary or wage deductions
Student Loan Scheme Act 2011
Extra money taken from your pay to repay your student loan
71: Salary or wage deductions in addition to income tax withheld
Student Loan Scheme Act 2011
Student Loan Scheme Act 2011
This part explains who needs to repay student loans
72: Application of this subpart
Student Loan Scheme Act 2011
Explaining how your income is calculated for student loan repayments
73: Meaning of adjusted net income, Schedule 3 adjustments, and related terms
Student Loan Scheme Act 2011
Telling the government about changes to your income for your student loan
74: Notification of Schedule 3 adjustments
Student Loan Scheme Act 2011
You can ask for more time to tell about changes to your student loan repayments
75: Extension of time for notification of Schedule 3 adjustments
Student Loan Scheme Act 2011
The government calculates how much you owe for your student loan each year
76: Commissioner to assess borrower's end-of-year repayment obligation
Student Loan Scheme Act 2011
How to work out your student loan repayment when you earn less than a set amount
77: Calculation of borrower's end-of-year repayment obligation if salary or wages less than annual repayment threshold
Student Loan Scheme Act 2011
How the government works out how much of your student loan you need to pay back each year if you earn enough money
78: Calculation of borrower's end-of-year repayment obligation where salary or wages equal to or more than annual repayment threshold
Student Loan Scheme Act 2011
Pay your final student loan bill for the year
79: Payment of end-of-year repayment obligation
Student Loan Scheme Act 2011
Figuring out your final student loan payment for the year
80: Calculation of terminal payment for tax year
Student Loan Scheme Act 2011
When you need to pay the last bit of your student loan
81: Due date for terminal payment
Student Loan Scheme Act 2011
When you need to pay parts of your student loan during the year
84: Due dates for payment of interim payments
Student Loan Scheme Act 2011
The Commissioner can change when you pay your student loan
85: Commissioner's powers in relation to due dates
Student Loan Scheme Act 2011
Student loan interim payments follow the same rules as tax payments
86: Interim payments to be paid in same manner as provisional tax
Student Loan Scheme Act 2011
What happens if you don't pay back your student loan on time
87: Consequence of failure to meet repayment obligations
Student Loan Scheme Act 2011
Student Loan Scheme Act 2011
This part of the law was removed and doesn't apply to student loans anymore
88: Application of this subpart
Student Loan Scheme Act 2011
Figuring out how much you need to pay back for money you made outside of work
Student Loan Scheme Act 2011
The tax office used to figure out how much you owe on your student loan, but they don't do that anymore.
89: Commissioner to assess borrower's other income repayment obligation
Student Loan Scheme Act 2011
How to figure out how much you need to repay for other types of income
Student Loan Scheme Act 2011
How we used to figure out loan repayments for people with low wages and other income
90: Calculation of borrower's other income repayment obligation where salary or wages below threshold
Student Loan Scheme Act 2011
Old rule for calculating extra student loan payments no longer applies
91: Calculation of borrower's other income repayment obligation where salary or wages equal to or above threshold
Student Loan Scheme Act 2011
Rules for paying back student loans from extra money you earn have been removed
92: Payment of other income repayment obligations
Student Loan Scheme Act 2011
How to figure out leftover student loan payments for the year (old rule, no longer used)
93: Calculation of remaining repayments for tax year
Companies Act 1993
Companies can issue loans that may never be repaid
95A: Perpetual debentures
Companies Act 1993
Reissuing or replacing company debentures that have been paid off
95B: Power to reissue redeemed debentures in certain cases
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
Companies Act 1993
Settling share price disputes through independent arbitration
112A: Price for shares referred to arbitration if shareholder objects to price
Companies Act 1993
You might get extra money if your share payment is late
112B: Interest payable on outstanding payments
Companies Act 1993
Rules for determining if a company is a subsidiary of another
8: Certain matters to be disregarded
Companies Act 1993
What you can do and get as a shareholder
36: Rights and powers attaching to shares
Companies Act 1993
How you can pay for shares when a company issues them
46: Consideration for issue of shares
Companies Act 1993
Board decides share price and terms for new or existing shares
47: Consideration to be decided by board
Companies Act 1993
Rules for issuing share options and convertible products
49: Consideration in relation to issue of options and convertible financial products
Companies Act 1993
Company directors can approve sharing profits with shareholders if the company can still pay its bills
52: Board may authorise distributions
Companies Act 1993
Getting back money or assets given to shareholders when the company couldn't afford it
56: Recovery of distributions
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
Companies Act 1993
Rules for a company selling its own shares
67C: Reissue of shares company holds in itself
Companies Act 1993
Rules for companies helping someone buy their shares
76: Financial assistance
Companies Act 1993
A company must ensure it can pay its bills before helping someone buy its shares
77: Company must satisfy solvency test
Companies Act 1993
Rules for companies providing financial assistance to purchase their own shares
78: Special financial assistance
Companies Act 1993
A report explaining how a company is helping someone buy its shares
79: Disclosure document
Companies Act 1993
Company can give small financial help for share purchases if conditions met
80: Financial assistance not exceeding 5% of shareholders' funds
Companies Act 1993
Companies must keep a detailed record of all share ownership
87: Company to maintain share register
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
Companies Act 1993
Shareholders' financial responsibilities to the company are limited
97: Liability of shareholders
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
Companies Act 1993
Assignee's limited responsibility for bankrupt shareholder's unpaid shares
103: Liability of an assignee
Companies Act 1993
Company actions allowed when all decision-makers agree
107: Unanimous assent to certain types of action
Companies Act 1993
Court can excuse company from buying shares if it can't afford them
115: Court may grant exemption if company insolvent
Companies Act 1993
What counts as having control over a company's shares
146: Meaning of relevant interest
Companies Act 1993
Directors must follow rules when trading company shares
149: Restrictions on share dealing by directors
Companies Act 1993
Overseas financial statements can be accepted if they meet similar standards
203: Recognition of financial reporting requirements of overseas countries
Companies Act 1993
Rules for handling company records and property ownership during mergers
225A: Registers
Companies Act 1993
Suggesting a plan to help a struggling company pay its debts
228: Compromise proposal
Companies Act 1993
Court can assist with company debt arrangements and ensure fairness
232: Powers of court
Companies Act 1993
A company in trouble can get help. This help is called administration. It's like a time-out to fix the company. The person in charge of fixing the company is called an administrator. They make big decisions and try to make the company better. The administrator talks to the people who lent money to the company. These people are called creditors. They work together to decide what to do next. The goal is to make the company healthy again. If that doesn't work, the company might close. But the administrator tries to find a way to save it.
Companies Act 1993
How administrators get paid for their work and how their pay can be reviewed
239O: Remuneration of administrator
Companies Act 1993
Rules for property transactions when a company is in administration
239Z: Effect on dealing with company property
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
Companies Act 1993
Explaining key terms for secured creditors during company administration
239ABK: Meaning of terms used in this subpart
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
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
Companies Act 1993
How a deed of arrangement affects people the company owes money to
239ACT: Extent to which deed binds creditors
Companies Act 1993
Court can cancel or change creditors' alterations to company agreements
239ADB: Court may cancel creditors' variation
Companies Act 1993
Administrator's repayment rights come before most other company debts
239ADM: Administrator's right of indemnity has priority over other debts
Companies Act 1993
Rules for written netting agreements and how they apply
239AEH: Application of set-off under netting agreement
Companies Act 1993
What happens when a company starts liquidation
248: Effect of commencement of liquidation
Companies Act 1993
Limits on keeping company documents as security for unpaid debts during liquidation
263: Restriction on enforcement of lien over documents
Companies Act 1993
Combining assets and debts of connected companies during liquidation
271: Pooling of assets of related companies
Companies Act 1993
Rules for who can and cannot be appointed as a company liquidator
280: Who may be appointed as liquidator
Companies Act 1993
A formal written request for a company to pay its debts
289: Statutory demand
Companies Act 1993
When certain charges on company property can be cancelled
293: Voidable charges
Companies Act 1993
Recovering money from unfair deals made by a company before liquidation
297: Transactions at undervalue
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
Companies Act 1993
How unsecured creditors can claim money from a company in liquidation
304: Claims by unsecured creditors
Companies Act 1993
What secured creditors can do and must do when a company is being liquidated
305: Rights and duties of secured creditors
Companies Act 1993
How debts are balanced when a company is being liquidated
310: Mutual credit and set-off
Companies Act 1993
How set-off works in netting agreements for creditors' claims
310B: Application of set-off under netting agreement
Companies Act 1993
Netting agreements remain valid when a company is liquidated
310H: Rights under netting agreement not affected by commencement of liquidation
Companies Act 1993
The Bank can officially recognise organisations that handle payment clearing
310K: Certain persons may be declared to be recognised clearing houses
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
Companies Act 1993
Bank can set rules for clearing houses when making declarations
310M: Bank may impose conditions in declaration under section 310K
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
Companies Act 1993
How interest is calculated and paid on claims during company liquidation
311: Interest on claims
Companies Act 1993
Setting up a special account for leftover money from closed companies
316: Establishment of Liquidation Surplus Account
Companies Act 1993
Property ownership changes when a company is removed from the register
324: Property of company removed from register
Companies Act 1993
What happens when a company's creditors meet to discuss its financial troubles
Schedule 5: Proceedings at meetings of creditors
Companies Act 1993
Who gets paid first when a company closes down
Schedule 7: Preferential claims
Companies Act 1993
Special rules apply when putting a licensed insurer into liquidation
240A: Liquidation of licensed insurers
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
Companies Act 1993
Different reporting rules for companies that deal with financial markets
209C: Alternative obligations for FMC reporting entities
Companies Act 1993
What happens when a group or club is closed down and its assets are sold to pay debts
Schedule 11: Liquidation of associations
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
Companies Act 1993
Managing company funds during liquidation
256A: Duties in relation to company money
Companies Act 1993
Rules for protecting innocent buyers when company property transfers are challenged
296D: Additional provisions relating to setting aside dispositions
Companies Act 1993
Who has to pay a levy: companies, auditors, and other registered groups
Schedule 15: Registered persons that may be subject to levy
Financial Markets Authority Act 2011
This Act creates a new group to watch over money matters in New Zealand
3: Purpose of this Act
Financial Markets Authority Act 2011
Understanding key terms in the Financial Markets Authority Act
4: Interpretation
Financial Markets Authority Act 2011
Setting up and running the group that watches over money matters
Financial Markets Authority Act 2011
New government team created to watch over money matters
6: Financial Markets Authority established
Financial Markets Authority Act 2011
The FMA is a special part of the New Zealand government with its own rules
7: FMA is Crown entity
Financial Markets Authority Act 2011
The main goals and jobs of the Financial Markets Authority
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
Financial Markets Authority Act 2011
How many people can be on the FMA board?
10: Membership of board of FMA
Financial Markets Authority Act 2011
FMA board can have special helpers chosen by the Minister
11: Associate members
Financial Markets Authority Act 2011
Associate members can do FMA board tasks, but only for specific topics
12: Associate member treated as member of board
Financial Markets Authority Act 2011
How associate members can be removed from their job
13: Removal of associate members
Financial Markets Authority Act 2011
Rules about different parts of the Financial Markets Authority
Financial Markets Authority Act 2011
The FMA can split up its work into different teams
14: FMA may act by divisions
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
Financial Markets Authority Act 2011
The FMA can use smaller groups to make decisions and do tasks
16: Powers of division
Financial Markets Authority Act 2011
How many FMA members must attend meetings for decisions to be made
17: Quorum for meetings of FMA
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
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
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
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
Financial Markets Authority Act 2011
How the FMA proves its decisions in court
24: Evidence of orders and decisions of FMA
Financial Markets Authority Act 2011
How the FMA can gather information and enforce rules to keep financial markets fair
Financial Markets Authority Act 2011
Financial Markets Authority Act 2011
The authority can ask for and collect important information and proof.
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
Financial Markets Authority Act 2011
The FMA can collect different types of information to help make decisions
26: Powers of FMA to receive evidence
Financial Markets Authority Act 2011
The FMA might pay you if you're a witness, but not too much
28: Witnesses' expenses
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
Financial Markets Authority Act 2011
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.
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
Financial Markets Authority Act 2011
The ability to help when regulators from other countries ask for assistance
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
Financial Markets Authority Act 2011
The FMA carefully considers requests from overseas before deciding to help
32: FMA's consideration of requests
Financial Markets Authority Act 2011
Rules about collecting information and making sure people follow the law
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
Financial Markets Authority Act 2011
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
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
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
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
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
Financial Markets Authority Act 2011
FMA can act for a group of people with similar concerns in court
39: Representative actions
Financial Markets Authority Act 2011
Financial Markets Authority Act 2011
FMA can keep certain information secret during their work
44: Power to make confidentiality orders
Financial Markets Authority Act 2011
FMA can accept written promises from people or companies about their work
46: FMA may accept undertakings
Financial Markets Authority Act 2011
Keeping promises made to the FMA and what happens if you don't
47: Enforcement of undertakings
Financial Markets Authority Act 2011
Asking the High Court for its opinion on a legal matter
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
Financial Markets Authority Act 2011
FMA can make people share its money warnings
49: FMA may require its warning to be disclosed
Financial Markets Authority Act 2011
Financial Markets Authority Act 2011
FMA can let others collect information for them
52: Power to authorise person to obtain information or documents
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
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
Financial Markets Authority Act 2011
Powers to gather information and protect certain rights
Financial Markets Authority Act 2011
People talking to the FMA have the same rights as in court
56: Witnesses and counsel to have privileges of witnesses and counsel in court
Financial Markets Authority Act 2011
What happens when legal actions are going on while powers are being used
Financial Markets Authority Act 2011
What happens when you challenge the FMA's powers in court
57: Effect of proceedings
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
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
Financial Markets Authority Act 2011
Rules for sending official notices from the Financial Markets Authority
62: Notices
Financial Markets Authority Act 2011
How to send and receive important legal messages
63: Service of notices
Financial Markets Authority Act 2011
FMA can use its powers from this law and other laws too
64: Powers not limited
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
Financial Markets Authority Act 2011
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
Financial Markets Authority Act 2011
FMA must talk to people before asking for money
69: FMA must consult about request for appropriation
Financial Markets Authority Act 2011
Financial Markets Authority Act 2011
Words and their meanings in this part of the law
70: Interpretation
Financial Markets Authority Act 2011
Getting rid of a group that watched over money matters
Financial Markets Authority Act 2011
The old Securities Commission has been replaced by a new Financial Markets Authority
71: Securities Commission disestablished
Financial Markets Authority Act 2011
What happens when the Securities Commission is replaced by the Financial Markets Authority
72: Consequences of disestablishment
Financial Markets Authority Act 2011
Replacing 'Commission' with 'FMA' in old documents
73: References to Securities Commission
Financial Markets Authority Act 2011
Rules for employees moving from the Securities Commission to the Financial Markets Authority
74: Transfer of employees
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
Financial Markets Authority Act 2011
What happens when the Government Actuary's office closes
78: Consequences of disestablishment
Financial Markets Authority Act 2011
What to do when you see 'Government Actuary' mentioned in old documents
79: References to Government Actuary
Financial Markets Authority Act 2011
Rules about Ministry workers getting new jobs at the Financial Markets Authority
81: Ministry of Economic Development employees
Financial Markets Authority Act 2011
Financial Markets Authority Act 2011
This law changes other laws to keep everything up to date
82: Amendments to other enactments
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
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
Financial Markets Authority Act 2011
Laws that help keep money and financial services safe in New Zealand
Schedule 1: Financial markets legislation
Financial Markets Authority Act 2011
Rules about searching that used to be part of the law but aren't anymore
Schedule 2: Provisions relating to search power
Financial Markets Authority Act 2011
Changes to other laws and rules because of the new money watchdog law
Schedule 3: Amendments to other enactments
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
Financial Markets Authority Act 2011
The FMA aims to make financial markets fair and easy for everyone
8: FMA's main objective
Crimes Act 1961
This law explains what happens if you try to hide or use money from illegal activities.
243: Money laundering
Crimes Act 1961
This law explains when money laundering rules apply to things that happen outside New Zealand.
245: Application of section 243 to acts outside New Zealand
Crown Entities Act 2004
Rules about buying and borrowing money and other financial things
159: Application of acquisition of financial products, borrowing, guarantees, indemnities, and derivatives rules
Crown Entities Act 2004
Extra rules for Crown entities when buying financial products or borrowing money
160: Further provision relating to acquisition of financial products, borrowing, guarantees, indemnities, and derivatives rules
Sale and Supply of Alcohol Act 2012
Making a deal with people you owe money to, like a company would
336: Power to compromise with creditors
Sale and Supply of Alcohol Act 2012
Trustees must prepare and publicly share accurate financial reports each year
383: Financial statements
Overseas Investment Act 2005
Protecting New Zealand's Important Assets from Overseas Ownership
Overseas Investment Act 2005
Rules for overseas investments: • Get consent before investing • Follow conditions for consent • Tell the truth in applications Investments need to benefit New Zealand.
Overseas Investment Act 2005
Overseas Investment Act 2005
Get approval before making an overseas investment
11: Consent must be obtained before overseas investment given effect
Overseas Investment Act 2005
What are overseas investments in sensitive New Zealand assets
Overseas Investment Act 2005
What is an overseas investment in a big New Zealand business?
13: What are overseas investments in significant business assets
Overseas Investment Act 2005
How the Minister decides whether to approve an overseas investment
14: Approach to criteria for consent
Overseas Investment Act 2005
Who's in charge when people from overseas invest in New Zealand?
15: Who are relevant overseas persons, and individuals with control, for overseas investments
Overseas Investment Act 2005
Rules for overseas investors buying big New Zealand businesses
18: Criteria for consent for overseas investments in significant business assets
Overseas Investment Act 2005
Checking if overseas investors are good characters
19: Applying good character and Immigration Act 2009 criteria
Overseas Investment Act 2005
Some overseas investors don't have to follow all the rules when buying New Zealand farm land
20: Exemptions from farm land offer criterion
Overseas Investment Act 2005
Overseas Investment Act 2005
Asking for permission to invest from overseas: follow the rules
21: Application for consent
Overseas Investment Act 2005
Who needs to ask for permission to make an overseas investment?
22: Who must apply for consent
Overseas Investment Act 2005
Who gets to say yes or no to your overseas investment application?
24: Who decides application
Overseas Investment Act 2005
The Minister says yes or no to overseas investment applications
25: Granting or refusal of consent
Overseas Investment Act 2005
The Minister can cancel an overseas investment approval if it was obtained unfairly
26: Minister may revoke consent in case of fraud
Overseas Investment Act 2005
You can change your overseas investment consent if you and the Minister agree.
27: Consent may be varied by agreement
Overseas Investment Act 2005
Rules that overseas investors must follow when buying something in New Zealand
28: Conditions of consent
Overseas Investment Act 2005
The law can stop a deal if it wasn't approved, even after it's happened.
29: Transaction may be cancelled
Overseas Investment Act 2005
Overseas Investment Act 2005
The regulator's job is to help manage overseas investment in New Zealand and make sure everyone follows the rules.
31: What regulator does
Overseas Investment Act 2005
The Minister can pass some of their jobs to someone else, but not all decisions can be given away.
32: Delegation by relevant Minister or Ministers
Overseas Investment Act 2005
The regulator can create rules to help people follow the Overseas Investment Act 2005.
36: Regulator may issue guidelines
Overseas Investment Act 2005
Overseas Investment Act 2005
The regulator can ask for information to help track overseas investments in New Zealand.
39: Regulator may require any person to provide information for statistical or monitoring purposes
Overseas Investment Act 2005
Overseas Investment Act 2005
Breaking the rules about investing from overseas can be against the law.
Overseas Investment Act 2005
Breaking the Overseas Investment Act 2005 on purpose or by not caring about the rules is against the law
43: Offence of defeating, evading, or circumventing operation of Act
Overseas Investment Act 2005
Breaking the Overseas Investment Act 2005 rules can lead to a big fine if you don't follow them without a good reason.
45: Offence of failing to comply with notice, requirement, or condition
Overseas Investment Act 2005
Telling lies or giving wrong information to the regulator is against the law
46: Offence of false or misleading statement or omission
Overseas Investment Act 2005
Court can order you to pay a fine if you break the Overseas Investment Act 2005 rules
48: Court may order person in breach or involved in breach to pay civil pecuniary penalty
Overseas Investment Act 2005
Court can make you register a mortgage to follow the rules or pay back money
49: Court may order mortgage to be registered over land
Overseas Investment Act 2005
The court can make you pay extra money if you break the rules or don't pay on time.
50: Court may order interest to be paid
Overseas Investment Act 2005
Courts can make you follow the rules of your overseas investment approval
51: Court may order compliance with condition of consent, exemption, exemption certificate, direction order, or interim direction order
Overseas Investment Act 2005
Paying a penalty for filing documents late with the government
52: Administrative penalties for late filing
Overseas Investment Act 2005
Paying a penalty when you apply late for permission to invest overseas
53: Administrative penalty for retrospective consent
Overseas Investment Act 2005
You must have a New Zealand address to get important documents if you're involved in overseas investments.
54: Address for service
Overseas Investment Act 2005
What a search warrant should look like and what it should say
57: Form and content of search warrant
Overseas Investment Act 2005
Overseas Investment Act 2005
Rules to help the Overseas Investment Act 2005 work
61: Regulations
Overseas Investment Act 2005
Overseas Investment Act 2005
You don't get paid if you lose your job because of the Overseas Investment Act.
65: No compensation for loss of office
Overseas Investment Act 2005
Stopping old investment laws from being used anymore
76: Repeal and revocations
Overseas Investment Act 2005
What happens to things that were already underway when the new overseas investment rules started
77: Transitional provision for acts done or begun under previous overseas investment regime
Overseas Investment Act 2005
Rules from the old law still apply to some overseas investments made before 2005
78: Transitional provision for consents, exemptions, and conditions under 1973 Act and Regulations
Overseas Investment Act 2005
Apply early for permission to make overseas investments in sensitive land
23A: Applications for standing consent in advance of transaction
Overseas Investment Act 2005
Rules you must follow when someone says yes to your overseas investment
25A: Conditions of consent
Overseas Investment Act 2005
You can ask for a new approval if you already have one with conditions.
27A: Consent holder may apply for new consent
Overseas Investment Act 2005
Permissions to make multiple investments in New Zealand without needing to apply each time
Schedule 4: Standing consents
Overseas Investment Act 2005
Defending yourself if you break the Overseas Investment Act 2005 rules
48A: Defences for person involved in contravention, offence, or failure
Overseas Investment Act 2005
How to prove you sent important documents correctly
55A: Proof that documents given, provided, or served
Overseas Investment Act 2005
When following the law is too hard or expensive, you can get exemptions to make things easier
61B: Purpose of exemptions
Overseas Investment Act 2005
Rules for when the law changes: what happens to things you started before or after the change
Schedule 1AA: Transitional, savings, and related provisions
Overseas Investment Act 2005
Rules that apply to every overseas investment in New Zealand
25B: Automatic conditions: every overseas investment
Overseas Investment Act 2005
What happens if a court decides the Overseas Investment Act was used unfairly
41C: Effect of final decision that exercise of powers under sections 38 to 41 unlawful
Overseas Investment Act 2005
Rules for keeping shared information private and safe
41E: Conditions relating to publication or disclosure of information or documents
Overseas Investment Act 2005
The regulator can ask you to sell a property if they think you've broken the rules.
41F: Regulator may issue notice requesting disposal of property
Overseas Investment Act 2005
What happens if you don't follow the rules about property you're not allowed to have
41G: Consequences of disposal or retention of property
Overseas Investment Act 2005
Conveyancers must get and keep a special statement to prove an investment follows the rules
51C: Conveyancer must obtain and keep statement
Overseas Investment Act 2005
Some people or groups can be exempt from following the usual rules, with the Governor-General's approval.
61C: Regulations may contain class or individual exemptions
Overseas Investment Act 2005
Rules for when the government can say it's okay to ignore some overseas investment laws
61E: Criteria for all exemptions
Overseas Investment Act 2005
Rules for overseas investments in New Zealand's significant businesses
61A: Regulations regarding alternative monetary thresholds for overseas investments in significant business assets
Overseas Investment Act 2005
Investments that affect New Zealand and need special attention
20A: Transactions that are transactions of national interest
Overseas Investment Act 2005
The Minister can decide an overseas investment is important to New Zealand if they think it might hurt the country.
20B: Other transactions may be transactions of national interest if notice given
Overseas Investment Act 2005
Rules for secret suppliers: telling investors and the regulator about investments
20E: Provisions relating to unpublished CDS
Overseas Investment Act 2005
Promises that people must keep, which can be enforced by law.
Overseas Investment Act 2005
The regulator can accept a promise from you to fix a problem or pay costs if you break the Overseas Investment rules
46A: Regulator may accept undertakings
Overseas Investment Act 2005
When a promise to the regulator is legally binding
46B: When undertaking is enforceable
Overseas Investment Act 2005
Changing or cancelling a promise you made to follow the Overseas Investment Act rules
46D: Withdrawal or variation of enforceable undertaking
Overseas Investment Act 2005
What happens if you break the rules and promise to fix it
46E: Proceedings for alleged contravention
Overseas Investment Act 2005
Breaking a promise to the regulator can lead to fines or other penalties
46F: Contravention of enforceable undertaking
Overseas Investment Act 2005
The court can stop people breaking the Overseas Investment Act rules or make them follow the rules.
51AAA: Court may grant injunction
Overseas Investment Act 2005
This part of the law helps keep New Zealand safe by managing risks when overseas people invest here.
81: Purpose of Part
Overseas Investment Act 2005
Overseas Investment Act 2005
What happens when someone from overseas buys important New Zealand assets or businesses
82: What is call-in transaction and overseas investment in SIB assets
Overseas Investment Act 2005
Who the government considers to be the main person buying something from overseas
83: Who are relevant acquirers
Overseas Investment Act 2005
Checking investments that might affect New Zealand's safety and order
Overseas Investment Act 2005
The Minister checks some overseas investments to see if they might cause problems
84: Review of call-in transactions
Overseas Investment Act 2005
Telling the government about important overseas investments that might affect New Zealand's safety and order.
Overseas Investment Act 2005
Investing in New Zealand businesses that deal with military technology or supply important goods has special rules
85: Military or dual-use technology and critical direct supplier call-in transactions
Overseas Investment Act 2005
Telling the regulator about certain overseas investments in New Zealand
86: Other call-in transactions
Overseas Investment Act 2005
Telling the Government about a Big Investment: What You Need to Do
87: Requirements for notification of call-in transaction
Overseas Investment Act 2005
Overseas Investment Act 2005
Rules for buying from overseas: following the Minister's directions
88: Direction orders
Overseas Investment Act 2005
The Minister can change or cancel a direction order if the person it affects agrees.
89: Direction orders may be varied by agreement
Overseas Investment Act 2005
The Minister can cancel an order if something goes wrong with it or the deal it's about.
90: Revocation of direction order
Overseas Investment Act 2005
The Minister can give a temporary order to manage risks in a big overseas investment deal.
91: Interim direction orders
Overseas Investment Act 2005
Orders that stop people doing things that might harm New Zealand's safety and order
Overseas Investment Act 2005
The Minister can stop a deal from happening with a prohibition order if it might cause problems for New Zealand.
92: Prohibition orders
Overseas Investment Act 2005
The government can order someone to sell assets if the purchase affects New Zealand.
93: Disposal orders
Building Societies Act 1965
Registrar can ask for changes to documents before adding them to building society records
121C: Registrar may require document to be registrable or otherwise comply before registration
Building Societies Act 1965
How the government saves important building society papers
121D: When documents are registered
Building Societies Act 1965
Registrar can fix or update the list of building societies
121E: Alterations to register
Building Societies Act 1965
This law's name and when it started
1: Short Title and commencement
Building Societies Act 1965
People and Rules for Groups that Help You Save Money for a Home
Building Societies Act 1965
Explaining important words used in the Building Societies Act
2: Interpretation
Building Societies Act 1965
Who can help the main Registrar manage building societies
4: Deputy Registrars of Building Societies
Building Societies Act 1965
The rule about building societies having an official seal was removed
5: Official seal
Building Societies Act 1965
Building societies don't need to keep special lists anymore
6: Registers to be kept
Building Societies Act 1965
This rule about looking at society information is no longer used
8: Information as to societies, and inspection of documents kept by Registrars
Building Societies Act 1965
How building societies are set up and run: Rules for starting, joining, and managing money clubs
Building Societies Act 1965
This part of the law explaining why people could start a building society has been removed
9: Purpose for which building society may be established
Building Societies Act 1965
Building societies can help people with money and property
9A: Functions of building societies
Building Societies Act 1965
Building societies can do many things to help them work, unless their rules say they can't
9B: Powers of building societies
Building Societies Act 1965
Building societies' actions can't be called wrong just because they weren't allowed to do them
9C: Ultra vires transactions
Building Societies Act 1965
Registering or filing society documents doesn't mean everyone knows about them
9D: Registration of documents not to constitute constructive notice
Building Societies Act 1965
Rules for dealing with a building society
9E: Dealings between society and other persons
Building Societies Act 1965
Dealing with a building society is safe, even if someone has been dishonest
9F: Effect of fraud
Building Societies Act 1965
Two types of building societies: ongoing and time-limited
10: Permanent and terminating societies
Building Societies Act 1965
Building societies can get and give back money using shares
11: Power to raise and repay funds
Building Societies Act 1965
Building societies can't do things with land anymore
12: Powers in relation to land
Building Societies Act 1965
How to start a building society in New Zealand
13: Mode of establishing society
Building Societies Act 1965
Rules for starting a building society must be checked and approved
14: Registration of rules of society
Building Societies Act 1965
A building society becomes a separate legal entity when it's officially registered
15: Incorporation of society
Building Societies Act 1965
You can ask a judge to look at your rules if the Registrar says no
16: Appeal against refusal to register
Building Societies Act 1965
Rules tell you what a building society must do and how it works
17: Contents of rules
Building Societies Act 1965
Rules of a building society apply to everyone involved and visitors don't need to check if the society follows its own rules
18: Effect of rules
Building Societies Act 1965
You can ask for and get a copy of a society's rules
20: Copies of rules to be supplied on request
Building Societies Act 1965
Building societies must have unique names to avoid confusion
21: Restriction on registration of names
Building Societies Act 1965
Building societies must use their official registered name or face penalties
22: Society to use registered name
Building Societies Act 1965
How to change the name of your building society
23: Change of name
Building Societies Act 1965
You can join a building society without buying a share
24: Members who are not shareholders
Building Societies Act 1965
Young people can join building societies but have limited rights
25: Members under age of 20
Building Societies Act 1965
Sharing ownership of building society shares with others
26: Joint shareholders
Building Societies Act 1965
Members only owe what they agreed to pay for their share or loan
27: Liability of members
Building Societies Act 1965
This part explaining how to buy shares in certain societies no longer exists
27A: Interpretation
Building Societies Act 1965
This rule about buying shares in building societies no longer exists
27B: Agreements to purchase shares
Building Societies Act 1965
A rule about cancelling share purchases was removed
27C: Right of purchaser to cancel agreement
Building Societies Act 1965
What happens when an agreement to buy shares in a closing building society is cancelled (no longer applies)
27D: Effect of cancellation of agreement
Building Societies Act 1965
This rule about agreements for buying shares in certain societies no longer exists
27E: No contracting out
Building Societies Act 1965
The rule about changing a list of building society rules doesn't exist anymore
27F: Schedule 7 may be amended
Building Societies Act 1965
Building societies can't start working until they get a special permission paper
28: Business not to be commenced before incorporation
Building Societies Act 1965
Founding members must buy shares before the society can start
29: Minimum subscription by founding members
Building Societies Act 1965
When building societies could start advertising (old rule)
30: Commencement of advertising
Building Societies Act 1965
This rule about starting the process of drawing lots for building society money no longer exists
31: Commencement of balloting for appropriations
Building Societies Act 1965
Rules for special shares that could win you prizes in a building society
31A: Bonus balloting shares and bonus ballots
Building Societies Act 1965
Building societies can join together to become one society
32: Union of societies
Building Societies Act 1965
How a society can pass on its duties to another society
33: Transfer of engagements
Building Societies Act 1965
Extra rules for societies joining together or passing on their duties
34: Supplementary provisions as to union and transfer of engagements
Building Societies Act 1965
Building societies can sell some of their business, but not all of it
34A: Power to dispose of part of business undertaking
Building Societies Act 1965
Rules about lending money for houses and how to keep things fair and safe
Building Societies Act 1965
Helping people buy homes with mortgages (no longer in use)
35: Advances on security of mortgage of land for residential purposes
Building Societies Act 1965
This rule about money lending in building societies doesn't exist anymore
36: Ordinary limitations on special advances
Building Societies Act 1965
Old rule about extra mortgage money for building societies no longer exists
37: Permission to exceed limit for special advances
Building Societies Act 1965
Building societies can't give extra money to people buying houses with existing loans anymore
38: Permission to make special advance to purchaser of mortgaged property
Building Societies Act 1965
Rules about lending money to people when they use their house as a promise to pay it back
Building Societies Act 1965
This part used to explain who counts as a member, but it was removed
39: Meaning of member for the purposes of this Part
Building Societies Act 1965
Old rules about figuring out the worth of loan guarantees no longer exist
40: Valuation of security
Building Societies Act 1965
Old rule about extra protection for building society loans no longer exists
41: Additional security for advances
Building Societies Act 1965
Old rule about keeping track of money given out by building societies, no longer used
42: Record of advances
Building Societies Act 1965
This old rule about building societies getting security from others no longer exists
43: Security taken from third party
Building Societies Act 1965
This rule about extra money for property sales no longer exists
44: Arrangement for excess advance in connection with sale of property
Building Societies Act 1965
This rule about building societies giving money to property buyers no longer exists
45: Implied warranty on advance to purchaser, unless notice given to the contrary
Building Societies Act 1965
This rule about talking about enough security has been removed
46: Representation as to sufficiency of security
Building Societies Act 1965
Old rules about extra mortgages no longer apply
47: Restrictions on second or subsequent mortgages
Building Societies Act 1965
Old rule about getting money for life insurance from building societies no longer applies
48: Advance for single premium life policy
Building Societies Act 1965
Building societies can now pay for mortgage introductions
49: Restriction on commissions for introduction of mortgage business
Building Societies Act 1965
Rules for selling houses with mortgages (no longer used)
50: Provisions as to sale of mortgaged property
Building Societies Act 1965
Old rule about lending money based on members' shares no longer exists
51: Limitation on advances on security of members' shares
Building Societies Act 1965
Rules for lending money without using land or shares as security no longer exist
51A: Advances on security other than mortgage of land or members' shares, or without security
Building Societies Act 1965
Registrar could ask for expert proof about fair money sharing in building groups
52: Power of Registrar to require actuary's certificate as to appropriations by ballot
Building Societies Act 1965
How to show a mortgage is paid off (old rule, no longer used)
53: Memorandum of discharge of mortgage
Building Societies Act 1965
How societies manage extra money and keep important documents safe
Building Societies Act 1965
Words used in the old rules about building societies' money
54: Interpretation
Building Societies Act 1965
Old rules about how building societies could use extra money are no longer part of the law
55: Investment and banking of surplus funds
Building Societies Act 1965
Old rule about societies holding special money has been removed
55A: Societies to hold certain public securities
Building Societies Act 1965
Rules for building societies on money matters and how they handle people's savings
Building Societies Act 1965
Building societies can no longer borrow money under this rule
56: Borrowing powers
Building Societies Act 1965
Building societies can't have savings accounts anymore
57: Restrictions on savings bank deposits
Building Societies Act 1965
Old rules about special savings accounts for homes and farms no longer apply
57A: Home ownership accounts and farm ownership accounts
Building Societies Act 1965
Rules about interest on savings no longer apply to building societies
58: Interest on deposits
Building Societies Act 1965
This rule about borrowing too much money from building societies no longer exists
59: Liability for borrowing in excess of powers
Building Societies Act 1965
This section about helping other building societies was removed from the law
60: Assistance to other building societies
Building Societies Act 1965
Old rule about sharing money details with new members was removed
61: New investors and depositors to receive copies of accounts
Building Societies Act 1965
People under 20 can no longer use special rules for putting money in building societies
62: Depositor under age of 20
Building Societies Act 1965
Old rule about choosing special building societies for trustees to invest in
63: Designation of societies for investments by trustees
Building Societies Act 1965
Rules about money: How building societies can save, borrow, and help people buy homes
Building Societies Act 1965
Building societies can invest their money in different ways
56A: Investment powers
Evidence Act 2006
Bank staff don't have to show bank records in court if the bank isn't part of the case.
75: Bank officer not compellable to produce banking records
Financial Markets Conduct Act 2013
What the Financial Markets Conduct Act 2013 is trying to achieve
3: Main purposes
Financial Markets Conduct Act 2013
What extra things this law is trying to achieve for you and financial markets
4: Additional purposes
Financial Markets Conduct Act 2013
A law to keep money and investments fair and safe for you in New Zealand.
5: Overview
Financial Markets Conduct Act 2013
What words and phrases mean in the Financial Markets Conduct Act 2013
6: Interpretation
Financial Markets Conduct Act 2013
What a financial product is, like loans, company shares, and investments.
7: Meaning of financial product
Financial Markets Conduct Act 2013
What different kinds of financial products mean
8: Definitions relating to kinds of financial products
Financial Markets Conduct Act 2013
What 'financial benefit' and 'managed investment scheme' mean in simple terms
9: Definitions of financial benefit and of managed investment scheme
Financial Markets Conduct Act 2013
What 'issued' and 'issuer' mean when you buy a financial product
11: Definitions of issued and issuer
Financial Markets Conduct Act 2013
What it means to be connected to someone or a company in business and law
12: Meaning of associated person and related body corporate
Financial Markets Conduct Act 2013
What examples mean in the Financial Markets Conduct Act 2013
14: Status of examples
Financial Markets Conduct Act 2013
The government must follow this law too
15: Act binds the Crown
Financial Markets Conduct Act 2013
This law's rules are important and must be followed, even if other agreements say otherwise.
16: Application of Act
Financial Markets Conduct Act 2013
Be honest when buying or selling financial products to avoid misleading others.
19: Misleading or deceptive conduct generally
Financial Markets Conduct Act 2013
Don't trick people when selling financial products - be honest so they can make good choices.
20: Misleading conduct in relation to financial products
Financial Markets Conduct Act 2013
Don't mislead people when selling financial services
21: Misleading conduct in relation to financial services
Financial Markets Conduct Act 2013
Telling the truth when buying or selling financial products
22: False or misleading representations
Financial Markets Conduct Act 2013
Some rule-breaking actions don't break other rules in the Financial Markets Conduct Act.
28: Certain conduct does not contravene various provisions
Financial Markets Conduct Act 2013
Some finance rules don't apply to newspapers, magazines, TV, or the internet unless they're trying to sell you something.
29: Limited application of provisions in relation to newspapers, magazines, broadcasting, etc
Financial Markets Conduct Act 2013
Telling people about disclosures doesn't break the law for licensed market operators.
31: Licensed market operator does not contravene by notifying disclosures
Financial Markets Conduct Act 2013
When other laws already apply, some rules don't count
32: Other exceptions
Financial Markets Conduct Act 2013
Rules for being honest with people about money apply in New Zealand and sometimes overseas too
33: Territorial scope of sections 19 to 23
Financial Markets Conduct Act 2013
Rules for selling financial products: • Be honest about what you're selling • Give buyers important information • Follow special rules for some products
Financial Markets Conduct Act 2013
Financial Markets Conduct Act 2013
Telling investors about financial products you are selling
39: Issue offers that need disclosure
Financial Markets Conduct Act 2013
Telling investors about financial product sales when the law says you must
40: Sale offers that need disclosure
Financial Markets Conduct Act 2013
What are regulated offers and products in finance?
41: Meaning of regulated offer and of regulated product
Financial Markets Conduct Act 2013
Some investments have extra rules to follow
42: Regulated offers that need to meet additional governance requirements
Financial Markets Conduct Act 2013
Buying a choice to buy a financial product, like a special ticket to buy something later
43: Options over financial products
Financial Markets Conduct Act 2013
Rules for financial products that can change into other types
44: Treatment of offers of convertible financial products
Financial Markets Conduct Act 2013
Rules for when someone offers to renew or change a financial product you have
45: Treatment of offers of renewals and variations
Financial Markets Conduct Act 2013
When financial products are offered in New Zealand, this part of the law applies, no matter where they come from.
47: Territorial scope of Part
Financial Markets Conduct Act 2013
Financial Markets Conduct Act 2013
People must prepare and lodge a document that explains a financial product clearly.
Financial Markets Conduct Act 2013
Before selling financial products, you must create and submit a special document called a Product Disclosure Statement.
48: PDS must be prepared and lodged
Financial Markets Conduct Act 2013
What a Product Disclosure Statement is meant to do: help you decide on a financial product.
49: Purpose of PDS
Financial Markets Conduct Act 2013
Telling investors important information about financial products
Financial Markets Conduct Act 2013
Get a PDS document before buying financial products if the seller needs to tell you more about them
50: PDS must be given if offer requires disclosure
Financial Markets Conduct Act 2013
When you don't need to follow the usual rules for giving information about financial products
51: Certain situations in which section 50 does not need to be complied with
Financial Markets Conduct Act 2013
You're considered to have got the product info if the application form came with it
52: PDS treated as having been given if application form used was included in, or accompanied by, PDS
Financial Markets Conduct Act 2013
Breaking the rules about giving information when selling financial products can get you in trouble
53: Offence to knowingly or recklessly contravene section 50
Financial Markets Conduct Act 2013
Getting your money back if a seller breaks the rules when selling you financial products
54: Right to withdraw
Financial Markets Conduct Act 2013
Information about financial products must be clear and easy to understand when it's shared with you.
Financial Markets Conduct Act 2013
Telling people important information when selling financial products
57: Disclosure of material information and content of PDS and register entry
Financial Markets Conduct Act 2013
What 'material information' means when buying financial products
59: Meaning of material information in this Part
Financial Markets Conduct Act 2013
Getting permission from experts before using their statements in important documents
60: Consent of experts and persons who make endorsements
Financial Markets Conduct Act 2013
Make your Product Disclosure Statement easy to understand
61: PDS must be worded and presented in clear, concise, and effective manner
Financial Markets Conduct Act 2013
A Product Disclosure Statement must follow the rules about what it looks like and what's in it.
62: PDS must comply with prescribed requirements relating to form and presentation
Financial Markets Conduct Act 2013
Rules about lodging important papers for financial products
Financial Markets Conduct Act 2013
Telling the Registrar important extra information when lodging documents
63: Supply of prescribed information
Financial Markets Conduct Act 2013
Registrar must tell the Financial Markets Authority when a company's investment information is lodged
64: Registrar must notify FMA of lodgement of PDS
Financial Markets Conduct Act 2013
Companies must wait before accepting your application to buy a financial product
65: Waiting period after lodgement before processing applications for financial products
Financial Markets Conduct Act 2013
The law boss can give you more time to do something, and they will tell you in writing.
66: FMA may extend period
Financial Markets Conduct Act 2013
You can still use another document for a financial product if one document has a waiting period.
67: Waiting period restriction does not prevent offeror from acting under another PDS
Financial Markets Conduct Act 2013
The FMA can lift some rules if it's finished checking or doesn't need to check something.
68: FMA may remove restrictions if its consideration complete or consideration or further consideration unnecessary
Financial Markets Conduct Act 2013
No waiting time for some financial product information
69: Waiting period does not usually apply to continuous issue PDSs
Financial Markets Conduct Act 2013
No guarantee that financial documents are correct or follow the law
70: No guarantee or representation as to compliance
Financial Markets Conduct Act 2013
When you can update or fix the information in a PDS document
71: When supplementary document or replacement PDS may be lodged
Financial Markets Conduct Act 2013
Extra information that adds to the main document about a financial product
72: Supplementary document
Financial Markets Conduct Act 2013
Updating the main information document with a new version
73: Replacement PDS
Financial Markets Conduct Act 2013
Registrar must tell the FMA when you add or replace important documents
74: Registrar must notify FMA of lodgement of supplementary document or replacement PDS
Financial Markets Conduct Act 2013
Telling people you've lodged a document on your website
75: Publication of lodgement
Financial Markets Conduct Act 2013
How to fix or update incorrect information on the financial products register
76: When register entry may be amended
Financial Markets Conduct Act 2013
Companies must meet certain conditions before they can sell or transfer financial products.
77: Minimum number or amount condition must be fulfilled before issue or transfer
Financial Markets Conduct Act 2013
If a seller promises to list a product on a market but doesn't, the sale is not valid.
78: Issue or transfer void if quotation condition not fulfilled
Financial Markets Conduct Act 2013
What happens if something is wrong with the information given about a financial product?
Financial Markets Conduct Act 2013
Following rules for fair treatment of financial product applications when things don't go as planned
79: Application of section 80
Financial Markets Conduct Act 2013
What happens if something goes wrong with your financial product application?
80: Choices open to offeror
Financial Markets Conduct Act 2013
You can't sell financial products if you don't give people correct information about them.
Financial Markets Conduct Act 2013
Tell the truth when selling financial products
82: False or misleading statements, omissions, and new matters requiring disclosure
Financial Markets Conduct Act 2013
People who must tell a company about mistakes in its investment information
83: Persons who must inform offeror about disclosure deficiencies
Financial Markets Conduct Act 2013
When a Product Disclosure Statement expires or stops being valid
84: Expiry
Financial Markets Conduct Act 2013
What happens to your application when a financial product offer ends
85: How offeror must deal with applications on expiry
Financial Markets Conduct Act 2013
People's money for financial products must be kept safe in a trust.
Financial Markets Conduct Act 2013
Your money is safe when you buy financial products because sellers must look after it until you get what you paid for.
87: Money for financial products must be held in trust
Financial Markets Conduct Act 2013
Selling financial products from a company that is not real.
Financial Markets Conduct Act 2013
No selling products from a non-existent company if it would be regulated if it existed
88: Offering financial products of entity that does not exist
Financial Markets Conduct Act 2013
Financial Markets Conduct Act 2013
Rules for advertising financial products in a fair and honest way
89: Advertising for regulated offers
Financial Markets Conduct Act 2013
Sharing important documents with people, like Product Disclosure Statements, in a way that's allowed by law
90: Distribution of PDS or registered documents
Financial Markets Conduct Act 2013
Advertising a financial product before paperwork is complete: what you can and can't say
91: Advertising before PDS lodged
Financial Markets Conduct Act 2013
Advertising rules after a financial product's information is lodged
92: Advertising after PDS lodged
Financial Markets Conduct Act 2013
Financial Markets Conduct Act 2013
You must keep a list of financial product offers up to date.
Financial Markets Conduct Act 2013
Tell the Registrar about changes to your products or scheme within a set time
95: Duty to notify changes to Registrar
Financial Markets Conduct Act 2013
Telling investors and others important information about financial products
96: Information to be made available to investors, FMA, Registrar, or other prescribed persons
Financial Markets Conduct Act 2013
Companies must share important information with the public at the right time
97: Information to be made publicly available
Financial Markets Conduct Act 2013
When information about financial products is wrong or missing.
Public Works Act 1981
Money you owe can be taken out of your compensation
91: Costs may be deducted from compensation awarded
Public Works Act 1981
Public Trust can manage and grow money from land sales until it's needed
98: Public Trust may invest compensation money
Public Works Act 1981
How money is handled when mortgaged land is taken for public projects
99: Mortgaged land
Public Works Act 1981
Extra money you might have to pay if you're late paying for irrigation
219: Penalty for late payment
Public Works Act 1981
The government can put a 'hold' on your land if you owe them money for water
221: Charge on land
Employment Relations Act 2000
How money for joining a workers' group can be taken out of your pay if you say it's okay
55: Deduction of union fees
Employment Relations Act 2000
Rules about sending demand notices to solve problems at work.
Social Security Act 2018
This law helps people in need by giving money and support
3: Purpose of this Act
Social Security Act 2018
Examples help explain the law but don't change what it actually says
14: Status of examples
Social Security Act 2018
Social Security Act 2018
This part explains how MSD can help you with money
15: What this Part does
Social Security Act 2018
Social Security Act 2018
Rules for getting help when you're looking for a job
20: Jobseeker support: requirements
Social Security Act 2018
Age rules for getting jobseeker support
23: Jobseeker support: age requirement
Social Security Act 2018
You can get help if you have no money or very little money
24: Jobseeker support: no or minimum income
Social Security Act 2018
When you can't get jobseeker support
26: Jobseeker support: ineligibility
Social Security Act 2018
You need a doctor's note to get jobseeker support for health reasons
27: Jobseeker support: on ground of health condition, injury, or disability: application must include certificate
Social Security Act 2018
MSD might ask you to see a doctor if you apply for jobseeker support because of health reasons
28: Jobseeker support: on ground of health condition, injury, or disability: medical examination
Social Security Act 2018
Social Security Act 2018
Rules for getting help as a single parent
29: Sole parent support: requirements
Social Security Act 2018
The sole parent requirement is for single parents caring for young children
30: What is sole parent requirement
Social Security Act 2018
Your support changes from sole parent to jobseeker when your youngest child turns 14
33: Expiry of sole parent support, and replacement with jobseeker support, when youngest dependent child turns 14 years old
Social Security Act 2018
Social Security Act 2018
Rules for getting money to help if you can't work much or can't see
34: Supported living payment: on ground of restricted work capacity or total blindness: requirements
Social Security Act 2018
You can't get support if you caused your own work problems or blindness on purpose
36: Supported living payment: on ground of restricted work capacity or total blindness: ineligibility
Social Security Act 2018
Medical check-up for people who can't work much or are blind and want financial help
37: Supported living payment: on ground of restricted work capacity or total blindness: medical examination
Social Security Act 2018
Special payment rules for couples when one person is in long-term care
38: Supported living payment: on ground of restricted work capacity or total blindness: payment not apportioned in specified cases
Social Security Act 2018
Help for people who care for someone else who needs their support
Social Security Act 2018
Rules for getting money to care for someone at home full-time
40: Supported living payment: on ground of caring for another person: requirements
Social Security Act 2018
You need a doctor's note to get money for caring for someone full-time
41: Supported living payment: on ground of caring for another person: application must include certificate
Social Security Act 2018
MSD can ask for a medical check when you apply to get paid for caring for someone at home
42: Supported living payment: on ground of caring for another person: medical examination
Social Security Act 2018
Social Security Act 2018
Rules for getting money help if you're a young person with no kids
49: Youth payment: requirements
Social Security Act 2018
Youth payment helps young people with little or no money
51: Youth payment: no or minimum income
Social Security Act 2018
When you can't get money from your parents or guardians
52: When person has parental support gap
Social Security Act 2018
Extra help for young people in tough times
53: Youth payment: discretionary grant on ground of hardship
Social Security Act 2018
Youth payment can continue for a short time after you turn 18
54: Youth payment: continuation after turning 18 years old
Social Security Act 2018
Extra money for young people who follow special rules
55: Youth payment: incentive payments
Social Security Act 2018
Social Security Act 2018
Rules for getting money as a young parent
56: Young parent payment: requirements
Social Security Act 2018
Young parents can get money help even if they earn a little bit
58: Young parent payment: no or minimum income
Social Security Act 2018
When you don't have parents or guardians to support you with money
59: When person has parental support gap
Social Security Act 2018
Young parents in hardship might get help even if they don't live in New Zealand
60: Young parent payment: discretionary grant on ground of hardship
Social Security Act 2018
Young parents can keep getting payments after turning 20 in some cases
61: Young parent payment: continuation after turning 20 years old
Social Security Act 2018
Extra money for young parents who follow certain rules
62: Young parent payment: incentive payments
Social Security Act 2018
Social Security Act 2018
Help for people who can't earn enough money
63: Emergency benefit: discretionary grant on ground of hardship
Social Security Act 2018
Extra money during a big sickness in New Zealand
64: Emergency benefit: grant during epidemic in New Zealand
Social Security Act 2018
Social Security Act 2018
MSD can give you money to help with housing costs if you qualify
65: Accommodation supplement: discretionary grant
Social Security Act 2018
You can't get extra money for housing if you live in certain government or community homes
66: Social housing exclusion
Social Security Act 2018
Reasons you can't get extra money for housing costs
67: Other funding exclusion
Social Security Act 2018
Special rules for couples sharing a home with others when getting housing cost help
68: Accommodation supplement: special rules for joint tenants who are in relationship
Social Security Act 2018
When the government can say no or change your housing cost help
69: Accommodation supplement: refusal, reduction, or cancellation of grant in certain circumstances
Social Security Act 2018
Social Security Act 2018
The government helps some people pay for childcare
76: Childcare assistance: purpose
Social Security Act 2018
Rules for getting help with childcare costs
77: Childcare assistance: eligibility
Social Security Act 2018
Social Security Act 2018
MSD may ask for a doctor's note when you apply for money to help with your child's disability
80: Child disability allowance: MSD may require medical certificate
Social Security Act 2018
The government might ask your child to see a doctor before giving you money to help with their disability
81: Child disability allowance: MSD may require medical examination
Social Security Act 2018
Child disability allowance can't be paid with most other benefits or pensions
83: Child disability allowance: not payable with other assistance or pension
Social Security Act 2018
Social Security Act 2018
Extra money for disability costs if you need it
85: Disability allowance: discretionary grant
Social Security Act 2018
MSD can change or stop your disability allowance if you get similar help elsewhere
87: Disability allowance: refusal, reduction, or cancellation of grant in certain circumstances
Social Security Act 2018
You might need to see a special doctor before getting disability money
88: Disability allowance: medical examination
Social Security Act 2018
Help with expenses when your partner is in hospital and you're on a benefit
89: Special disability allowance: entitlement in special circumstances
Social Security Act 2018
Social Security Act 2018
Rules for getting help with funeral costs when someone dies
90: Funeral grant: general eligibility and definitions
Social Security Act 2018
Social Security Act 2018
Temporary extra money to help with basic costs when you're struggling
95: Temporary additional support: purpose
Social Security Act 2018
Getting extra help when you don't have enough money for basics
96: Temporary additional support: requirements
Social Security Act 2018
You might get less or no extra money if you or your partner do certain things
97: Temporary additional support: refusal, reduction, or cancellation of grant in certain circumstances
Social Security Act 2018
This part explains important words used in the rules about extra money help
98: Interpretation
Social Security Act 2018
Social Security Act 2018
Help for visitors stuck in New Zealand due to an overseas epidemic
100: Special assistance for visitors affected by overseas epidemics
Social Security Act 2018
Helpful programmes the Minister approves to support people in need
101: Approved special assistance programmes
Social Security Act 2018
This rule about special help notices no longer exists
102: Special assistance: status of, and access to, notices
Social Security Act 2018
Social Security Act 2018
Money help for 18-year-olds still in school
103: Provisions relating to children aged 18 years or over who continue education
Social Security Act 2018
Rules to Follow You must do certain things when you get help from the government. These rules are to help you get ready for work.
Social Security Act 2018
Social Security Act 2018
This part explains the duties of MSD and people who get benefits
104: What this Part does
Social Security Act 2018
Social Security Act 2018
MSD must clearly explain your responsibilities and rights when you get social support
106: MSD must make people affected aware of their obligations, consequences of non-compliance, and their review and appeal rights
Social Security Act 2018
MSD must tell you how leaving New Zealand affects your benefit
107: MSD must explain rules relating to absence from New Zealand
Social Security Act 2018
Social Security Act 2018
What you must do if you get a benefit from the government
109: Outline of beneficiary’s general and specific obligations
Social Security Act 2018
Rules you must follow when getting benefit money
110: When obligations apply
Social Security Act 2018
You need a bank account for your benefit and must tell MSD about it
111: Beneficiary must hold, and give MSD details of, bank account
Social Security Act 2018
You must tell MSD about changes in your life that might affect your benefit
113: Beneficiary must notify change of circumstances
Social Security Act 2018
You must tell MSD before you leave New Zealand if you get most types of benefits
114: Obligation to notify absence from New Zealand
Social Security Act 2018
If you don't go to a work ability assessment, you might get in trouble.
119: Person who fails to comply with requirement to undergo work ability assessment is subject to sanction
Social Security Act 2018
Getting ready for work while receiving benefits
120: Work-preparation obligations
Social Security Act 2018
What happens if you don't meet your work preparation requirements
126: Person who fails to comply with work-preparation obligation subject to sanction
Social Security Act 2018
Rules for parents getting government help with kids
127: Obligations in relation to dependent children
Social Security Act 2018
Rules for taking care of kids when you get money from the government
128: Obligations of beneficiary in relation to dependent children
Social Security Act 2018
Rules for looking after your partner's children if they get a benefit
129: Obligations of spouse or partner of beneficiary in relation to dependent children of beneficiary
Social Security Act 2018
Responsibilities for your partner's children when they get government help
130: Obligations of spouse or partner of beneficiary in relation to dependent children of spouse or partner
Contract and Commercial Law Act 2017
Explaining important words used in this part of the law
9: Interpretation
Contract and Commercial Law Act 2017
Getting your money when you become an adult or start a serious relationship
109: Payment on minor reaching 18 years or marrying or entering into civil union or de facto relationship
Contract and Commercial Law Act 2017
The court can change its decisions about young people's contracts and money
111: Variation of certain orders
Contract and Commercial Law Act 2017
How the court can take someone's belongings to pay their debt
155: Effect of writs of execution
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
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
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
Contract and Commercial Law Act 2017
Special rules for giving others power to make decisions during COVID-19 (no longer used)
218A: Temporary modification relating to powers of attorney and outbreak of COVID-19
Contract and Commercial Law Act 2017
Special rules for giving decision-making power during COVID-19 have ended
240A: Temporary modification relating to powers of attorney and COVID-19
Trusts Act 2019
When the Trusts Act 2019 law starts to work in New Zealand.
2: Commencement
Trusts Act 2019
How the Trusts Act 2019 applies to trusts and works with other laws and trust rules.
5: Application, and relationship of Act with trust terms, common law and equity, and other enactments
Trusts Act 2019
What the Trusts Act 2019 is about and how it works in New Zealand.
6: Overview of this Act
Trusts Act 2019
How to understand the Trusts Act 2019 in a way that makes sense and achieves its goals.
7: Interpretation of Act
Trusts Act 2019
Courts still have the power to oversee trusts, unless the Trusts Act 2019 says otherwise.
8: Inherent jurisdiction of court not affected
Trusts Act 2019
Special rules to help the Trusts Act 2019 work smoothly
10: Transitional, savings, and related provisions
Trusts Act 2019
What is an express trust in the law about trusts?
12: Meaning of express trust
Trusts Act 2019
If you're in charge of a trust alone, you can't be the only one who gets benefits from it.
14: Sole trustee cannot be sole beneficiary
Trusts Act 2019
How to set up a trust where someone puts assets aside for a specific purpose or person
15: Creation of express trust
Trusts Act 2019
A trust can last for a maximum of 125 years, unless it's a special kind of trust.
16: Maximum duration of trust
Trusts Act 2019
A trust can save its income for later if its rules allow it
18: Accumulation of income by trust
Trusts Act 2019
What happens to trust property when the trust ends
19: Distribution of trust property on expiry of trust
Trusts Act 2019
You are an adult at 18 years old in a trust, that's when you're considered grown up.
20: Age of majority
Trusts Act 2019
Trusts Act 2019
Tell the person creating a trust if you change the trust's standard rules
39: Adviser must alert settlor to modification or exclusion of default duty
Trusts Act 2019
Trustees must know and understand the trust rules and their job.
23: Duty to know terms of trust
Trusts Act 2019
Trustees must follow the trust's rules
24: Duty to act in accordance with terms of trust
Trusts Act 2019
Be honest and fair when making decisions as a trustee
25: Duty to act honestly and in good faith
Trusts Act 2019
Trustees must make decisions to help the people who benefit from the trust or achieve its purpose.
26: Duty to act for benefit of beneficiaries or to further permitted purpose of trust
Trusts Act 2019
Trustees must use their powers for the right reasons, not for personal gain.
27: Duty to exercise powers for proper purpose
Trusts Act 2019
Be careful and make good decisions when in charge of a trust
29: General duty of care
Trusts Act 2019
Be careful with others' money and make smart choices
30: Duty to invest prudently
Trusts Act 2019
Trustees must make fair decisions, not ones that help themselves.
31: Duty not to exercise power for own benefit
Trusts Act 2019
Think carefully about using your powers as a trustee
32: Duty to consider exercise of power
Trusts Act 2019
Trustees must not make decisions that limit future trustees' choices
33: Duty not to bind or commit trustees to future exercise of discretion
Trusts Act 2019
Trustees must put the beneficiaries' interests first and not do things that help themselves instead.
34: Duty to avoid conflict of interest
Trusts Act 2019
Trustees must not use their job to make money for themselves
36: Duty not to profit
Trusts Act 2019
Trustees must work for free, but can claim back expenses.
37: Duty to act for no reward
Trusts Act 2019
Trusts Act 2019
Trustees can't use trust rules to avoid blame for very bad or careless mistakes
40: Restriction on trustee exemption clauses
Trusts Act 2019
Trustees can't use trust property to fix mistakes made on purpose or by being very careless
41: Restriction on trustee indemnity clauses
Trusts Act 2019
When trust rules are broken, some clauses are not allowed
42: Invalidity of exemption clause or indemnity clause
Trusts Act 2019
People helping you create a trust must warn you about clauses that limit their responsibility.
43: Adviser must alert settlor to liability exclusion or indemnity clause
Trusts Act 2019
Trusts Act 2019
Trustees must keep important papers and documents to show what they are doing.
Trusts Act 2019
Trustees must keep important papers about the trust, like who's in charge and how money is managed.
45: Trustee must keep core documents
Trusts Act 2019
What to do with trust documents when there's more than one person in charge
46: Keeping documents where there is more than 1 trustee
Trusts Act 2019
Trustees must keep important papers for as long as they are in charge.
47: Documents must be kept for duration of trusteeship
Trusts Act 2019
Give trust documents to the new trustee when you finish being one
48: Trustee must pass on documents
Trusts Act 2019
What special words mean in sections 50 to 55 of the Trusts Act 2019
49: Definitions for purposes of sections 50 to 55
Trusts Act 2019
Rules to help you know what's happening in a trust and make sure it's run fairly
50: Purpose and application of sections 51 to 55
Trusts Act 2019
Trustees must tell beneficiaries basic info about the trust, like who's in charge and what's happening
51: Presumption that trustee must notify basic trust information
Trusts Act 2019
Trustees must give you information if you ask, unless they have a good reason not to.
52: Presumption that trustee must give information on request
Trusts Act 2019
How trustees decide whether to give you information about a trust
53: Procedure for deciding whether presumption applies
Trusts Act 2019
What happens if a trustee decides not to give you information about a trust?
54: Procedure when trustee decides to give no information
Trusts Act 2019
Trustees can ask beneficiaries to pay for trust information
55: Beneficiary may be required to pay cost of giving information
Trusts Act 2019
Trusts Act 2019
What a trustee can do to manage the trust property
56: General powers of trustee
Trusts Act 2019
What special jobs a trustee can do and how they work
57: Status of provisions on specific powers of trustee
Trusts Act 2019
People in charge can make decisions about investing money to help the trust.
Trusts Act 2019
A trustee can use trust property to try to make more money or value.
58: Trustee has power to invest
Trusts Act 2019
Things to consider when making investment decisions for a trust
59: Matters which trustee may consider in exercising power to invest
Trusts Act 2019
Trustees can decide how to handle money that is owed to the trust or paid back to it.
Trusts Act 2019
Deciding if trust investment money is income or capital
60: Power to determine whether return on investment is income or capital
Trusts Act 2019
How trustees can fairly split money between income and capital accounts
61: Apportionment of receipts and outgoings between income and capital
Trusts Act 2019
Trustees can use trust property to help beneficiaries when they need it for their wellbeing.
Trusts Act 2019
Trustees can use trust money to help a child beneficiary with their wellbeing.
62: Trustee’s power to pay or apply income for child beneficiary’s welfare
Trusts Act 2019
What happens to a child's trust money and how it's used to help them
63: Trustee’s powers with respect to income of child beneficiary
Trusts Act 2019
Trustees can use trust money to help beneficiaries if it's needed for their wellbeing.
64: Trustee’s power to pay or apply capital for beneficiary’s welfare
Trusts Act 2019
A trustee can add rules to money given to help someone, like paying it back or adding interest.
65: Trustee may impose conditions on payment for beneficiary’s welfare
Trusts Act 2019
Trustees are not responsible for losses when using money to help someone, in certain situations.
66: Trustee not liable for certain losses in relation to amounts paid or applied for beneficiary’s welfare
Trusts Act 2019
Trustees can choose someone to help with certain trust jobs, but not all decisions.
67: Trustee’s power to appoint others to exercise or perform certain powers or functions
Trusts Act 2019
Trustees must check and control decisions made by others to ensure they are fair and responsible.
68: Trustee’s duties to keep appointments under review and to fulfil general duty of care
Trusts Act 2019
A trustee is not responsible for an appointee's mistakes unless the trustee made a mistake too.
69: Trustee’s liability for acts of appointee limited
Trusts Act 2019
Trustees can give someone else the power to make decisions for them in certain situations.
70: Trustee’s power to delegate powers and functions in specified circumstances
Trusts Act 2019
Telling others when a trustee gives someone else their job to do
71: Notice of delegation of trustee’s powers and functions
Trusts Act 2019
Trustees are not responsible for what their helpers do, unless they chose them wrongly.
72: Trustee’s liability for acts of delegate limited
Trusts Act 2019
Asking Public Trust to help with a trust when a trustee can't do their job
73: Application to Public Trust to consent to become delegate
Trusts Act 2019
People who help trustees make good decisions are called special trust advisers.
Trusts Act 2019
Who can help the person in charge of a trust make good decisions?
74: Role and appointment of special trust advisers
Trusts Act 2019
Trustees are protected if they follow a special trust adviser's advice honestly and carefully
75: Reliance on special trust adviser’s advice
Trusts Act 2019
How special trust advisers get paid for their work
76: Remuneration of special trust advisers
Trusts Act 2019
What happens to insurance money when trust property is lost or damaged?
77: Application of insurance money for loss or damage of trust property
Trusts Act 2019
A trustee can adjust how trust property is shared among beneficiaries in certain investments.
78: Trustee’s power to adjust interests in trust property of portfolio investment entity
Trusts Act 2019
Trustees are protected if they warn others about distributing trust property and follow the rules.
79: Trustee’s liability limited where notice given to distribute trust property without regard to unknown claims
Trusts Act 2019
Trusts Act 2019
What happens when a trustee spends money or gets into debt for the trust
81: Trustee’s liability for expenses and liabilities incurred, and trustee’s right to indemnity
Trusts Act 2019
Trustees can be protected from paying for mistakes if beneficiaries agree and conditions are met.
82: Indemnification of trustee with agreement of beneficiaries where indemnity impaired
Trusts Act 2019
What order trust property is used to pay debts and expenses
85: Ranking of trust property
Trusts Act 2019
When a trustee owes you money, you can claim it from the trust, but only up to the benefit the trust received.
86: Creditor’s limited claim to trust property through trustee’s indemnity
Trusts Act 2019
Trustees can claim back insurance premiums they paid, plus interest, from insurance money
87: Trustee’s lien on insurance money for premiums
Wages Protection Act 1983
Getting unpaid wages back from someone who broke the rules
11A: Proceedings by Labour Inspector or worker to recover arrears of wages from person involved in failure to comply
Wages Protection Act 1983
What special words mean in the Wages Protection Act 1983
2: Interpretation
Wages Protection Act 1983
Your employer can take back money they overpaid you in certain situations.
6: Employer may recover overpayments in certain circumstances
Wages Protection Act 1983
How you can agree with your employer on how to get your pay
9: Agreement as to manner of payment of wages
Goods and Services Tax Act 1985
Rules for non-NZ residents to register for GST if they sell goods or services in New Zealand
54B: Requirements for registration for certain non-resident suppliers
Goods and Services Tax Act 1985
Getting a refund for tax on services that help raise money
20H: Goods and services tax incurred in making financial services for raising funds
Goods and Services Tax Act 1985
What 'financial services' means, like banking and insurance
3: Meaning of term financial services
Goods and Services Tax Act 1985
Paying tax when you sell goods and services for over $225,000
19D: Invoice basis for supplies over $225,000
Goods and Services Tax Act 1985
Tax deductions for businesses that supply financial services to others
20C: Goods and services tax incurred in making certain supplies of financial services
Goods and Services Tax Act 1985
Claiming back tax on bad debts when someone doesn't pay you
26: Bad debts
Residential Tenancies Act 1986
How to ask for your bond money back when the other person doesn't agree
22A: Applications to chief executive for payment of bond without agreement of other party
Residential Tenancies Act 1986
The government can share your address to give back your rental bond money if they can't find you.
22E: MSD may disclose address information for bond refund purposes
Residential Tenancies Act 1986
The boss of the rental office must safely keep the money you give as a bond and tell you and your landlord about it.
20: Duties of chief executive in relation to bonds
Residential Tenancies Act 1986
If the landlord agrees, you can pay your rental bond directly to the government instead of to the landlord.
21: Tenant may pay bond direct to chief executive with landlord's consent
Residential Tenancies Act 1986
Telling the government when your name or address changes for your rental bond
21A: Notification of changes of address to chief executive
Residential Tenancies Act 1986
When both the landlord and tenant agree, they can ask for the bond money to be paid out
22: Agreed applications to chief executive for payment of bond
Residential Tenancies Act 1986
A special bank account that holds money from tenants' bonds and other rental payments
127: Residential Tenancies Trust Account
Residential Tenancies Act 1986
The government's top money-checker looks after the special bank account for rented homes.
128: Auditor-General to be auditor of Residential Tenancies Trust Account
Residential Tenancies Act 1986
The landlord gets the money if the tenant accidentally damages the property, not the insurance company.
49C: Landlord, not insurer, to benefit from tenant liability for careless damage
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
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
Fair Trading Act 1986
Rules about financial products and when they don't have to follow all the usual rules
36S: Regulations
Accident Compensation Act 2001
The types of help you can get if you're hurt in an accident
69: Entitlements provided under this Act
Accident Compensation Act 2001
How ACC handles money: Rules for collecting fees and managing funds
Accident Compensation Act 2001
Where the money comes from and goes to for work injuries
167: Application and source of funds
Accident Compensation Act 2001
Special deals between employers and ACC about paying for worker injuries
184: Accreditation agreements
Accident Compensation Act 2001
Money for people who buy weekly payments from ACC if they get hurt and can't work
224: Compensation for persons who purchase weekly compensation
Accident Compensation Act 2001
Where the money comes from and what it's used for when you get hurt during medical care
228: Application and source of funds
Accident Compensation Act 2001
ACC pays back extra money if you get both social security benefits and ACC payments
252: Relationship with social security benefits: reimbursement by Corporation
Accident Compensation Act 2001
Rules for when ACC pays you money by mistake and you also qualify for a benefit
253: Relationship with social security benefits: reimbursement to Corporation
Accident Compensation Act 2001
ACC can borrow money and make financial promises, but must follow rules
276: Power to borrow, etc
Accident Compensation Act 2001
ACC must create yearly money reports
278: Annual financial statements
Accident Compensation Act 2001
ACC can share information about people getting weekly payments to help with benefit checks and repayments
281: Disclosure of information by Corporation for benefit and benefit debt recovery purposes
Accident Compensation Act 2001
Agreement between ministers for ACC to pay for hospital and health services
301: Service agreement for purchase of public health acute services and other health services
Accident Compensation Act 2001
Money for first week off work due to accidents before April 2002
362: First week compensation for incapacity commencing before 1 April 2002
Accident Compensation Act 2001
Money for children and families when someone died before 2002
385: Compensation payable to children and other dependants under 1972 and 1982 Acts
Accident Compensation Act 2001
Old rules for accident insurance payments from before 2002
393: Levies, premiums, and other payments under former Acts
Local Government (Water Services) Bill
Not paying your water bill means you owe money to the water organisation
70: Water services charges are debt
Local Government (Water Services) Bill
You might get an extra penalty if you don't pay your water bill or previous penalties.
72: Penalty may be imposed on previous unpaid penalty
Local Government (Water Services) Bill
Borrowing money for water services in a currency other than New Zealand dollars is allowed.
212: Borrowing in foreign currency
Local Government (Water Services) Bill
Using water bill money to guarantee a loan for a water organisation
213: Charges as security
Local Government (Water Services) Bill
Trusts must do their accounts and get them checked by the Auditor-General each year
51: Financial statements and audits
Partnership Law Act 2019
Splitting money or stuff you earn doesn't always mean you're partners
13: Sharing gross returns
Partnership Law Act 2019
Getting money from a business doesn't always make you a partner
15: Where receiving profits or payments does not make person partner or liable as partner
Partnership Law Act 2019
What happens when someone who borrowed money or bought a business can't pay their debts
16: What happens if borrower or buyer is insolvent
Partnership Law Act 2019
Partners must handle other people's money and things carefully
24: Misapplication of money or property received for or in custody of firm
Partnership Law Act 2019
You might have to pay if you pretend to be a business partner
27: Person liable if they represent themselves as partner
Partnership Law Act 2019
Partners can change their rights and duties if everyone agrees
35: Partners’ rights and duties may be varied by consent
Partnership Law Act 2019
Partners can be fined for not following the rules about money reports
63: Financial reporting offences
Partnership Law Act 2019
If your partnership already reports finances under another law, you don't need to do it again
65: Duties do not apply if alternative financial reporting duties under Financial Markets Conduct Act 2013
Partnership Law Act 2019
Different ways a partnership can end: after a set time, when a project finishes, or when a partner says they want to stop
66: Partnership dissolved at end of term, by end of venture or undertaking, or by notice
Partnership Law Act 2019
What happens to your share when you leave or die in a business partnership
79: Right of outgoing partner or partner’s estate to share profits or obtain interest
Partnership Law Act 2019
Special COVID-19 debt rules for businesses have ended
34A: COVID-19 business debt hibernation may apply
Residential Care and Disability Support Services Act 2018
Help to pay for rest home care through a special loan if you have too many assets
70: Residential care loan scheme
Deposit Takers Act 2023
What the Deposit Takers Act 2023 is trying to achieve to help keep New Zealand's financial system safe and stable.
3: Purposes
Deposit Takers Act 2023
Key rules the Bank must follow when making decisions about banks and other deposit-takers
4: Principles to be taken into account under this Act
Deposit Takers Act 2023
A law to keep your money safe in banks and other places you deposit it.
5: Overview
Deposit Takers Act 2023
What special words mean in the Deposit Takers Act 2023
6: Interpretation
Deposit Takers Act 2023
Special rules to help when the new law starts
8: Transitional, savings, and related provisions
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Rules for banks and lenders: They must have a good credit score. They must follow special rules. They must tell the Bank about changes.
Deposit Takers Act 2023
Deposit Takers Act 2023
Changes to other laws because of the Deposit Takers Act 2023
495: Consequential amendments
Deposit Takers Act 2023
Special rules to help the new law work with old laws and rules during a changeover period
Schedule 1: Transitional, savings, and related provisions
Deposit Takers Act 2023
Changes to other laws because of the Deposit Takers Act 2023
Schedule 3: Consequential amendments
Deposit Takers Act 2023
Don't pretend to be a licensed deposit taker if you're not one
13: No holding out as licensed
Deposit Takers Act 2023
Deposit Takers Act 2023
Don't use special finance words in your business name without permission
425: Limit on use of restricted words in name or title
Deposit Takers Act 2023
There's a limit on using certain important-sounding words in a name or title.
Deposit Takers Act 2023
When you are allowed to use certain words in a name or title without getting in trouble
427: When restriction does not apply
Deposit Takers Act 2023
Rules made by the Governor-General to help the Deposit Takers Act 2023 work properly
454: General regulations
Deposit Takers Act 2023
The Bank can create rules to help achieve the law's goals
72: Bank may issue standards
Deposit Takers Act 2023
How the Bank creates new rules to keep your money safe
75: Procedure for issuing standards
Deposit Takers Act 2023
When the Bank must give a licence to a business that wants to take deposits
17: When licence must be issued
Deposit Takers Act 2023
The Bank can give a special permit called a licence if it follows the rules.
15: Bank may issue licence
Deposit Takers Act 2023
How to apply for a licence to be a deposit taker, as set by the Bank
16: Application for licence
Deposit Takers Act 2023
The Bank must talk to certain groups before making some decisions
20: Consultation requirements
Deposit Takers Act 2023
Deposit Takers Act 2023
When the Bank can cancel a deposit taker's licence for breaking rules or not meeting conditions.
53: Cancellation of licence
Deposit Takers Act 2023
The Bank must keep a public list of licensed deposit takers that you can easily find and access.
22: Bank must keep register of licensed deposit takers
Deposit Takers Act 2023
What's in the list of licensed deposit takers and how it's organised
23: Form and content of register
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
Telling lies or giving false information to the Bank or investigators is against the law
175: False or misleading declarations, representations, or other information
Deposit Takers Act 2023
The Bank helps fix problems with banks. It makes plans to fix banks in trouble. The Bank can give orders to banks and people.
Deposit Takers Act 2023
Deposit Takers Act 2023
Understanding rules about special kinds of loans called covered bonds
Deposit Takers Act 2023
Deposit Takers Act 2023
Banks must be carefully checked to ensure they are working safely and correctly.
Deposit Takers Act 2023
Deposit Takers Act 2023
Deposit Takers Act 2023
The Bank can visit a business to check they're following the rules.
112: Bank may conduct on-site inspection
Deposit Takers Act 2023
Bank can ask you questions about your workplace to check everything is okay
113: Person may be required to answer questions or give information
Deposit Takers Act 2023
Tell the Bank when you hire a new boss or manager if you're a bank from another country.
30: Overseas licensed deposit taker must notify Bank if new director or senior manager is appointed
Deposit Takers Act 2023
The Bank can remove bosses who are not suitable for their job.
34: Power to remove directors and senior managers
Deposit Takers Act 2023
How the Bank removes someone from a job: a step-by-step guide
38: How power to remove is exercised
Deposit Takers Act 2023
The Bank watches over companies that take deposits to ensure they work properly.
98: Prudential supervision
Deposit Takers Act 2023
The Bank can ask you for information to help them do their job.
99: Bank may require person to supply information for purposes of Act
Deposit Takers Act 2023
The Bank can ask you to check some information you give them to make sure it's correct.
105: Requirement that information be audited or reviewed
Deposit Takers Act 2023
The Bank can ask deposit takers for a report about their business or the people they work with.
101: Bank may require report relating to licensed deposit taker or associated person
Deposit Takers Act 2023
Auditors must tell the Bank about problems with deposit-taking companies
107: Disclosure of information to Bank by auditors
Deposit Takers Act 2023
Auditors must tell banks and others before sharing important information with the Bank.
108: Auditor to inform of intention to disclose
Deposit Takers Act 2023
Auditors are safe when they honestly report concerns to the Bank.
109: Protection of auditor
Deposit Takers Act 2023
What is a covered bond SPV, a person who guarantees special bonds using transferred property
404: Meaning of covered bond SPV
Deposit Takers Act 2023
What 'issuer' means in this law: a company that issues special bonds or guarantees them
405: Meaning of issuer
Deposit Takers Act 2023
A public list of approved covered bond programmes that you can look at anytime.
407: Register of registered covered bond programmes
Deposit Takers Act 2023
How to apply to register a special kind of investment programme
410: Application for registration of covered bond programme
Deposit Takers Act 2023
The Bank decides if a special loan programme can be approved based on certain rules.
411: Determination of application for registration of covered bond programme
Deposit Takers Act 2023
The bank says yes or no to your application
412: Bank must approve or decline application
Deposit Takers Act 2023
Rules for companies with a registered covered bond programme
416: Requirements relating to registered covered bond programmes
Deposit Takers Act 2023
A cover pool monitor is a person who watches over and checks the safety of people's money.
Deposit Takers Act 2023
A cover pool monitor is an independent checker who makes sure a company is doing the right thing with its cover pool.
419: Cover pool monitor
Deposit Takers Act 2023
The Bank can let some groups use special names with restricted words.
429: Bank may authorise class of persons to use restricted words in name or title
Deposit Takers Act 2023
How the Companies Act 1993 still applies to deposit takers
433: Application of Companies Act 1993
Deposit Takers Act 2023
There's a limit on using certain words in adverts to protect people.
Deposit Takers Act 2023
Rules for using certain words when advertising financial services
434: Limit on use of restricted words in advertisement
Deposit Takers Act 2023
The Bank can make you change your name or how you advertise if you break the rules.
436: Power to require change of name, etc
Deposit Takers Act 2023
The court can order someone to pay a fine if they break the rules.
Deposit Takers Act 2023
When you break a rule, a court can order you to pay a penalty to the government.
157: When court may make pecuniary penalty orders
Deposit Takers Act 2023
Maximum fine for breaking the rules: up to $5 million for companies or $1 million for individuals
158: Maximum amount of pecuniary penalty
Deposit Takers Act 2023
Court decides how penalty money is used to pay Bank's court costs first
162: Court must order that recovery from pecuniary penalty be applied to Bank’s actual costs
Deposit Takers Act 2023
You have 3 years to take action after finding out about a problem, or up to 10 years after it happened.
164: Limitation
Deposit Takers Act 2023
You can't get more than one penalty for the same mistake
165: Only 1 pecuniary penalty order may be made for same conduct
Deposit Takers Act 2023
You won't be punished twice for the same mistake.
166: No pecuniary penalty and criminal penalty for same conduct
Deposit Takers Act 2023
Deposit Takers Act 2023
Challenging the Bank's decisions: your right to appeal to the court
56: Appeals against licensing and fit and proper decisions
Deposit Takers Act 2023
Challenging the Bank's decisions about licences or approvals in court
57: Appeals against other decisions of Bank on questions of law only
Deposit Takers Act 2023
Appealing a decision doesn't stop it from happening until a court decides otherwise.
58: Appeal does not operate as stay
Deposit Takers Act 2023
Deposit Takers Act 2023
Working with Australia to keep their financial system stable
439: Trans-Tasman co-operation
Deposit Takers Act 2023
Deposit Takers Act 2023
Licensed deposit takers must get a credit rating to show they manage money well
59: Licensed deposit taker must have current credit rating
Customer and Product Data Bill
A simple explanation of how this law wants to make it easier for you to control and share your information
Customer and Product Data Act 2025
Rules for sharing information when you have a joint bank account or loan
21: How data holders and accredited requestors must deal with joint customers
About this project
What is this project?
How do we do this?
Why is the law written like it is?
Should we use AI for this?
Is this information the actual law?
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.