New Zealand Legislation: Acts

5A No liability under Act if not liable under Securities Act 1978 or Securities Markets Act 1988

• A court hearing a proceeding brought against a person under this Act must not find that person liable for conduct—

  • (a) that is regulated by the Securities Act 1978 if that person would not be liable for that conduct under that Act:

  • (b) that is regulated by the Securities Markets Act 1988 if that person would not be liable for that conduct under that Act.

  Section 5A: inserted, on 29 February 2008, by section 4 of the Fair Trading Amendment Act 2006 (2006 No 49).