Financial Reporting Act 1993

35C Consultation

• (1) In deciding whether or not to grant, amend, or revoke an exemption under section 35A or 35B, the FMA or the Registrar of Companies (as the case may be)—

  • (a) may consult with any persons or organisations that the FMA or Registrar thinks fit; but

  • (b) must consult with—

    • (i) the Commissioner of Inland Revenue if the exemption is under section 35B and involves any provision of section 10; and

    • (ii) the Reserve Bank of New Zealand if the exemption concerns a registered bank (within the meaning of section 2(1) of the Reserve Bank of New Zealand Act 1989).

  (2) This section does not limit section 16 or 17 of the Crown Entities Act 2004.

  Section 35C: inserted, on 18 June 2007, by section 18 of the Financial Reporting Amendment Act 2006 (2006 No 64).

  Section 35C(1): substituted, on 1 May 2011, by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).