Building Societies Regulations 1989 (SR 1989/33) (as at 01 December 2002)

Reprint as at 1 December 2002

Building Societies Regulations 1989

(SR 1989/33)

Paul Reeves, Governor-General

Order in Council

At Wellington this 20th day of February 1989

Present:
His Excellency the Governor-General in Council


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

These regulations are administered by the Ministry of Economic Development.


Pursuant to sections 106(2), 113Q, and 137 of the Building Societies Act 1965 (as amended by the Building Societies Amendment Act 1987), His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following regulations.

Contents

1 Title, commencement, and application

2 Interpretation

Part 1
General provisions

Incorporation of society

3 Application for certificate of incorporation

Alteration of rules

4 Registration of alteration of rules

Bonus ballots and bonus balloting shares

5 Bonus balloting shares fund

6 Maximum distribution by bonus ballot

7 Ordinary bonus ballots

8 Special bonus ballots

9 Disqualification from participating in bonus ballots

10 Rights of bonus balloting shareholders

11 Conduct of bonus balloting business

12 Registrar may require actuary's certificate

13 Application of regulations relating to bonus ballots to company into which society becomes converted

Miscellaneous provisions

14 Value of land owned by society [Revoked]

15 Service of notices and documents

16 Fees [Revoked]

Part 2
Financial statements and annual returns

General provisions

17 Interpretation of terms used in this Part

18 Financial statements required

19 Requirement for consolidated financial statements

20 Amounts for preceding financial year to be shown

21 Statement of accounting policies

22 Notes to financial statements

Revenue and appropriation account

23 Matters to be contained in revenue and appropriation account

24 Matters to be shown relating to appropriations of earnings

Statement of financial position

25 Fixed capital and reserves

26 Minority interests

27 Deferred taxation

28 Term liabilities

29 Current liabilities

30 Fixed assets

31 Investments

32 Loans

33 Current assets

34 Intangible assets

35 Other information

36 Commitments and contingent liabilities

37 Currency conventions

Statement attached to terminating group account

38 Statement attached to terminating group account

Annual return

39 Form of annual return

40 Auditors' report on annual return

Revocations

41 Revocations

Schedule 1

Schedule 2
Rates of depreciation on improvements

[Revoked]

Schedule 3
Fees payable to the Registrar

[Revoked]

Schedule 4
Statement to be attached to each annual terminating group account

Schedule 5
Annual return

Schedule 6
Regulations revoked

Gazette information

Reprint notes


Regulations