New Zealand Legislation: Bills
Bills are proposed Acts
(1) Section 24 is amended by repealing subsection (1) and substituting the following subsection:
“(1) A direction given by the Minister of Finance or an application for the registration of a transaction by an account holder must, as soon as practicable, be processed in the chronological order in which it is received by the Registrar.”
(2) Section 24 is amended by adding the following subsection:
“(3) Subsection (1) applies to an application for the registration of a transaction only if the application is completed to the satisfaction of the Registrar and in accordance with any regulations made under this Act.”
