Reserve Bank of New Zealand Act 1989

Penalty for offences against this Part

Heading: inserted, on 21 August 2003, by section 10 of the Reserve Bank of New Zealand Amendment Act 2003 (2003 No 46).

66M Penalty for offences

(1)

A person who commits an offence against 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 12 months or to a fine not exceeding $100,000; and

(b)

in the case of a body corporate, to a fine not exceeding $1,000,000.

(2)

The provisions are—

(a)

section 64 (which relates to the use of restricted words in a name or title):

(b)

section 66B (which relates to the use of restricted words in an advertisement):

(c)

section 66C (which relates to failing to produce a document or supply information to the Bank after being required to do so):

(d)

section 66D (which relates to failing to change a person’s name or title or cease using a restricted word in an advertisement or cease carrying on any activity after being required to do so):

(e)

section 66E (which relates to obstructing a person appointed to conduct a search):

(f)

section 66G (which relates to breaches of confidentiality provisions):

(g)

section 66H (which relates to further disclosures of information).

Section 66M: inserted, on 21 August 2003, by section 10 of the Reserve Bank of New Zealand Amendment Act 2003 (2003 No 46).

Section 66M(1): amended, on 1 July 2013, by section 413 of the Criminal Procedure Act 2011 (2011 No 81).