New Zealand Legislation: Bills

7 Minister of Finance may give directions to Registrar regarding accounts and units

• (1) Section 7(1)(a) is amended by adding the following subparagraphs:

  • “(vii) a surrender account:

  • “(viii) a conversion account:”.

  (2) Section 7(1)(d) is amended by inserting “, subject to any prescribed restriction or prohibition,” after “transfer units”.

  (3) Section 7(1)(d) is amended by inserting “the surrender account, the conversion account,” after “retirement account”,.

  (4) Section 7(2)(b)(ii) is repealed.