New Zealand Legislation: Supplementary Order Papers
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Clause 43: new section 112A
Subsection (1): to omit “by transferring the units to a designated Crown holding account”
(lines 24 and 25 on page 119) and substitute “in accordance with subsection (2)”
.
Subsection (2): to omit this subsection (lines 26 to 33 on page 119) and substitute the following subsections:
“(2) A person who receives a notice under subsection (1) must—
“(a) repay any units transferred in error that are still in the person’s holding account, or are otherwise under the person's control, by transferring those units as soon as practicable to the Crown holding account designated in the notice; and
“(b) if not all the units transferred in error are repaid under paragraph (a), repay, within 30 working days of the date of the notice, the outstanding number of units by transferring units to the Crown holding account designated in the notice.
“(3) Units repaid by any person under subsection (2)(b) must be of a type that may be transferred to a surrender account at the time the unit is repaid.