New Zealand Legislation: Acts

53A Place where accounting records to be kept

• (1) Subject to subsection (2), accounting records required by section 53 shall be kept at the registered office of the issuer, if any, or at such other place as the directors of the issuer think fit.

  (2) The accounting records may be kept at a place outside New Zealand only if there is sent to, and kept at a place in, New Zealand such documents in respect of the business dealt with in those accounting records as will disclose with reasonable accuracy the financial position of that business at intervals not exceeding 6 months and will enable to be prepared the financial statements of the issuer or scheme, and any document annexed to any of those documents giving information that is required by any enactment.

  Section 53A: inserted, on 1 October 1997, by section 24 of the Securities Amendment Act 1996 (1996 No 100).