Securities Act (Retirement Villages) Exemption Amendment Notice 2006

  • expired
  • Securities Act (Retirement Villages) Exemption Amendment Notice 2006: expired, on 1 February 2008, pursuant to clause 1(6) of the Securities Act (Retirement Villages) Exemption Notice 1999 (SR 1999/15).

Reprint
as at 1 February 2008

Securities Act (Retirement Villages) Exemption Amendment Notice 2006

(SR 2006/160)

  • Securities Act (Retirement Villages) Exemption Amendment Notice 2006: expired, on 1 February 2008, pursuant to clause 1(6) of the Securities Act (Retirement Villages) Exemption Notice 1999 (SR 1999/15).


Note

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

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

This notice is administered by the Securities Commission.


Pursuant to the Securities Act 1978, the Securities Commission gives the following notice (to which is appended a statement of reasons of the Securities Commission).

1 Title
  • This notice is the Securities Act (Retirement Villages) Exemption Amendment Notice 2006.

2 Commencement
  • This notice comes into force on the day after the date of its notification in the Gazette.

3 Principal notice amended
4 Clause amended
  • Clause 1(6) is amended by omitting 30 June 2006 and substituting 31 January 2008.

Dated at Wellington this 21st day of June 2006.

The Common Seal of the Securities Commission was affixed in the presence of:

J Diplock,

Chairperson.

[Seal]

Statement of reasons

This notice, which comes into force on the day after the date of its notification in the Gazette, amends the Securities Act (Retirement Villages) Exemption Notice 1999 (the principal notice) by extending the expiry date from 30 June 2006 to 31 January 2008.

The Securities Commission considers that the amendment to the principal notice is appropriate for the following reasons:

  • the regulations that are to be made under the Retirement Villages Act 2003 are intended to deal with the matters currently dealt with under the principal notice. The regulations are likely to take effect in October 2006, and the requirements contained in those regulations are likely to apply from March 2007. The principal notice will expire before these dates; and

  • retirement villages should continue to have the benefit of the exemption contained in the principal notice until such time as the requirements of the Retirement Villages Act 2003 come into force, as the costs of full compliance for a short period of time would be excessive.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 29 June 2006.


Contents

  • 1General

  • 2About this eprint

  • 3List of amendments incorporated in this eprint (most recent first)


Notes
1 General
  • This is an eprint of the Securities Act (Retirement Villages) Exemption Amendment Notice 2006. It incorporates all the amendments to the Securities Act (Retirement Villages) Exemption Amendment Notice 2006 as at 1 February 2008. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2 About this eprint
  • This eprint has not been officialised. For more information about officialisation, please see "Making online legislation official" under "Status of legislation on this site" in the About section of this website.

3 List of amendments incorporated in this eprint (most recent first)