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 4
To insert the following definition after the definition of due date (after line 5 on page 8):
family trust has the same meaning as in section 5 of the Credit Contracts and Consumer Finance Act 2003
Definition of insurance: to omit this definition (lines 27 and 28 on page 8) and substitute the following definition:
insurance business includes—
(a) mortgage guarantee insurance as defined in section 2 of the Insurance Companies' Deposits Act 1953:
(b) life insurance (including endowment and annuity contracts):
(c) reinsurance:
(d) every other class of insurance business
Definition of licensing authority: to omit this definition (line 33 and 34 on page 8) and substitute the following definition:
licensing authority means a body, identified in Schedule 2, that licenses, registers, authorises, or otherwise approves a person to be a licensed provider
Definition of licensed provider: to omit this definition (lines 35 to 37 on page 8) and substitute the following definition:
licensed provider means a person, identified in Schedule 2, who—
(a) provides or offers to provide a licensed service; and
(b) is licensed, registered, authorised, or otherwise approved by a licensing authority
Definition of licensed service: to omit this definition (lines 1 to 3 on page 9) and substitute the following definition:
licensed service means a financial service that is required by an enactment identified in Schedule 2 to be provided only by a person who is licensed, registered, authorised, or otherwise approved by a licensing authority
To insert the following definition after the definition of Ministry (after line 22 on page 9):
person includes a corporation sole, a body corporate, an unincorporated body, and a superannuation scheme as defined in section 2A of the Superannuation Schemes Act 1989