New Zealand Legislation: Acts

19 No requirement to be member of approved dispute resolution scheme if employer is member

• (1) This section applies where a person (A) employs another person (B) as employee to perform a financial adviser service in the course of A's business for A's client or clients.

  (2) In any case to which this section applies, B must not be required to be a member of an approved dispute resolution scheme for the purposes of registration under the FSP Act.

  (3) Subsection (2) applies no matter what the FSP Act says.