Real Estate Agents Amendment Act 1992

Real Estate Agents Amendment Act 1992

Public Act1992 No 12
Date of assent23 March 1992

Note

This Act is administered in the Department of Justice.


An Act to amend the Real Estate Agents Act 1976

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short Title
  • This Act may be cited as the Real Estate Agents Amendment Act 1992, and shall be read together with and deemed part of the Real Estate Agents Act 1976 (hereinafter referred to as the principal Act).

2 Employment status of certain salespersons
  • (1) 

    (2) Nothing in section 51A of the principal Act (as inserted by subsection (1) of this section) limits or affects the generality of section 2(2) of the Accident Compensation Act 1982.

3
4 Transitional
  • Notwithstanding anything in the Goods and Services Tax Act 1985, where a salesperson is deemed by section 51A(5) of the principal Act (as inserted by section 2(1) of this Act) to be engaged by a real estate agent under a contract for services at a time before the 1st day of May 1992,—

    • (a) It shall be a sufficient compliance with any obligation under that Act—

      • (i) Arising in respect of or as a consequence of the engagement; and

      • (ii) Required to be performed by the salesperson before the 1st day of May 1992,—

      if it is performed before the 1st day of June 1992; and

    • (b) No penalty of any kind shall arise or be imposed in respect of a failure or refusal to perform the obligation if it is performed before the 1st day of June 1992; and

    • (c) Any penalty arising or imposed in respect of a failure or refusal to perform the obligation shall be calculated or determined as if the period of default had commenced on the 1st day of June 1992.

5 Current proceedings not affected
  • Nothing in section 51A of the principal Act (as inserted by section 2(1) of this Act) shall have any effect in relation to any proceedings commenced before the 22nd day of August 1991.