New Zealand Legislation: Acts

313 Contributions to Conveyancing Practitioners' Fidelity Fund

• (1) Every conveyancing practitioner to whom, and every incorporated conveyancing firm to which, this Part applies must pay into the Conveyancing Practitioners' Fidelity Fund contributions of such amounts as are from time to time prescribed by a resolution made by the Council of the New Zealand Society of Conveyancers, with the approval of the Minister.

  (2) A resolution under subsection (1) may provide for the amounts of the contributions to differ in all or any of the following ways:

  • (a) as between conveyancing practitioners and incorporated conveyancing firms:

  • (b) as between different classes of conveyancing practitioners:

  • (c) as between different classes of incorporated conveyancing firms.

  (3) The amount of every contribution payable under a resolution made under subsection (1)—

  • (a) is payable on such date or dates and in such manner as is fixed by the resolution; and

  • (b) is recoverable, on behalf of the Conveyancing Practitioners' Fidelity Fund, by the New Zealand Society of Conveyancers as a debt due to that Society.

  (4) This section is subject to sections 315 and 317.

  (5) Nothing in this section limits sections 311(1)(o) and 316.