New Zealand Legislation: Acts

4 Application of this Act

• (1) The provisions of this Act shall have effect notwithstanding anything to the contrary in any other enactment or in any deed, agreement, application, prospectus, registered prospectus, or advertisement.

  (2) A condition of any agreement requiring or binding an applicant for securities to waive compliance with any requirement of this Act, or purporting to affect him or her with notice of any contract, document, or matter relating to the securities that is not specifically referred to in a prospectus or registered prospectus, shall be void.

  (3) Nothing in this Act shall limit any powers a trustee, superannuation trustee, unit trustee, or statutory supervisor may have other than pursuant to this Act.

  (4) Nothing in this section or in any other provision of this Act limits the Illegal Contracts Act 1970.

  (5) Despite subsection (4), nothing in the Illegal Contracts Act 1970 applies to sections 37 and 37A.

  Section 4(1): amended, on 1 September 1983, by section 4(a) of the Securities Amendment Act 1982 (1982 No 147).

  Section 4(2): amended, on 3 May 2001, by section 5(e) of the Securities Amendment Act 2001 (2001 No 25).

  Section 4(2): amended, on 1 September 1983, by section 4(b) of the Securities Amendment Act 1982 (1982 No 147).

  Section 4(3): amended, on 1 October 1997, by section 5(1) of the Securities Amendment Act 1996 (1996 No 100).

  Section 4(4): added, on 1 October 1997, by section 5(2) of the Securities Amendment Act 1996 (1996 No 100).

  Section 4(5): added, on 15 April 2004, by section 6 of the Securities Amendment Act 2004 (2004 No 31).