New Zealand Legislation: Bills

21 Criteria in relation to approval of practice rules by Minister

• The Minister must, in deciding whether to approve any practice rules, have regard, among other things, to—

  • (a) the principle that it may be necessary or expedient to impose duties or restrictions on agents, branch managers, or salespersons in order to protect the interests of consumers:

  • (b) the principle that the burden of a duty or restriction should be proportionate to the benefits that are expected to result from the imposition of the duty or restriction:

  • (c) the consistency of the rules with New Zealand's international obligations:

  • (d) the provisions of this Act and all rights and obligations of agents under the law.