This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 July 2011, are made under the Property Law Act 2007 (the Act). They amend mortgagees' sales forms and fees regulations made under the Act. An application fee and minimum and maximum commission fees for sales by a vendor mortgagee through a Registrar are adjusted to reflect the movement in the New Zealand Consumers Price Index (All Groups) since those regulations came into force on 1 January 2008.
The fees replaced are inclusive of goods and services tax (GST), but were not amended directly to reflect the 1 October 2010 GST increase, and so differed from those actually charged. The new fees are also GST inclusive.
Date of notification in Gazette: 26 May 2011.
These regulations are administered by the Ministry of Justice.