Building Societies Amendment Act 2016
Building Societies Amendment Act 2016
Public Act |
2016 No 55 |
|
Date of assent |
17 October 2016 |
|
Commencement |
see section 2 |
Contents
The Parliament of New Zealand enacts as follows:
1 Title
This Act is the Building Societies Amendment Act 2016.
2 Commencement
This Act comes into force on 1 March 2017.
3 Principal Act
This Act amends the Building Societies Act 1965 (the principal Act).
4 New section 136A inserted (Jurisdiction of District Court)
After section 136, insert:
136A Jurisdiction of District Court
The District Court has jurisdiction in relation to—
(a)
the settlement of disputes between any building society and its members where the amount involved does not exceed $350,000:
(b)
the recovery of money and enforcement of claims by or against any building society not exceeding in amount or value the sum of $350,000:
(c)
all other matters arising under this Act not exceeding in amount or value the sum of $350,000.
Compare: 1947 No 16 s 33
Legislative history
14 September 2016 |
Divided from Judicature Modernisation Bill (Bill 178–2) as Bill 178–3H |
|
11 October 2016 |
Third reading |
|
17 October 2016 |
Royal assent |
This Act is administered by the Ministry of Business, Innovation, and Employment.