New Zealand Legislation: Acts

29 Correction of unit register

• (1) Section 25 is amended by repealing subsection (1) and substituting the following subsection:

  • “(1) If the unit register records a transaction inaccurately, and the inaccuracy is the result of an error or omission made by the Registrar when registering the transaction, then a request to correct the inaccuracy may be submitted by—

    • “(a) the Minister of Finance, if the Registrar registered the transaction following receipt of a direction from the Minister of Finance; or

    • “(b) the account holder who applied to register the transaction.”

  (2) Section 25(3) is amended by omitting “must” and substituting “may”.

  (3) Section 25(3)(c) is amended by repealing subparagraphs (ii) and (iii) and substituting the following subparagraphs:

  • “(ii) the international transaction log (if required to do so); and

  • “(iii) an overseas registry (if required to do so).”.