Supplementary Order Paper No 221

No 221

House of Representatives

Supplementary Order Paper

Tuesday, 5 April 2011

Financial Markets (Regulators and KiwiSaver) Bill


Proposed motion to divide Bill into 5 Bills

Hon Simon Power, in Committee, to move as follows:

That the enacting words, clauses 1 and 2, Parts 1 to 4, and Schedules 1 to 4 be a separate Bill, and that for the enacting words and clauses 1 and 2 there be substituted the following enacting words and clauses:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Financial Markets Authority Act 2011.

2 Commencement
  • This Act comes into force on 1 May 2011.

That Part 5 be a separate Bill, and that for the Part 5 heading there be substituted the following enacting words and clauses:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Securities Amendment Act 2011.

2 Commencement
  • (1) This Act (apart from sections 81(3), 92(3), 98, 114, 117(2), and 123(3) to (6)) comes into force on 1 May 2011.

    (2) Sections 81(3), 92(3), 98, 114, 117(2), and 123(3) to (6) come into force on a date appointed by the Governor-General by Order in Council; and 1 or more orders may be made bringing different provisions into force on different dates.

    (3) To the extent that the provisions referred to in subsection (2) are not previously brought into force under that subsection, those provisions come into force on 1 July 2013.

That Part 6 be a separate Bill, and that for the Part 6 heading there be substituted the following enacting words and clauses:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Securities Markets Amendment Act 2011.

2 Commencement
  • This Act comes into force on 1 May 2011.

That Part 7 and Schedule 6 be a separate Bill, and that for the Part 7 heading there be substituted the following enacting words and clauses:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the KiwiSaver Amendment Act 2011.

2 Commencement
  • This Act comes into force on 1 May 2011.

That Part 8 and Schedule 7 be a separate Bill, and that for the Part 8 heading there be substituted the following enacting words and clauses:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Financial Advisers Amendment Act 2011.

2 Commencement
  • This Act comes into force on 1 May 2011.


Explanatory note

This Supplementary Order Paper divides the Financial Markets (Regulators and KiwiSaver) Bill into the following Bills:

  • Financial Markets Authority Bill:

  • Securities Amendment Bill:

  • Securities Markets Amendment Bill:

  • KiwiSaver Amendment Bill:

  • Financial Advisers Amendment Bill.