Reserve Bank of New Zealand Act 1989

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Penalties for offences against this Part

Heading: inserted, on 21 August 2003, by section 40 of the Reserve Bank of New Zealand Amendment Act 2003 (2003 No 46).

156AA Penalty for miscellaneous offences

(1)

A person who commits an offence under any of the provisions listed in subsection (2) is liable, on conviction,—

(a)

in the case of an individual, to imprisonment for a term not exceeding 3 months or to a fine not exceeding $50,000:

(b)

in the case of a body corporate, to a fine not exceeding $500,000.

(2)

The provisions are—

(a)

section 77A (which relates to failing to comply with the requirement for consent to be sought from the Bank in the event of a significant change of ownership):

(b)

section 94 (which relates to failing to comply with a requirement from the Bank that information, data, or forecasts be audited):

(c)

section 98B(2)(a) (which relates to failing to comply with the requirements notified by the Bank in relation to a home country supervisor):

(d)

section 98B(2)(b) (which relates to supplying any information or data to a home country supervisor that is false or misleading in a material particular):

(e)

section 105 (which relates to the misuse of confidential information):

(f)

section 115 (which relates to the unauthorised disclosure of the fact that a direction has been given).

Section 156AA: inserted, on 21 August 2003, by section 40 of the Reserve Bank of New Zealand Amendment Act 2003 (2003 No 46).

Section 156AA(1): amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).