New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) Section 204 of the Act exempts certain cases from section 6 of the Financial Transactions Reporting Act 1996, but requires the provider to make reasonable efforts to verify a person’s identity at the time the person becomes a member of a KiwiSaver scheme.
(2) The purpose of regulation 18 is to determine what must be treated as those reasonable efforts (without limiting what else might constitute those reasonable efforts).
