Supplementary Order Paper No 443

No 443

House of Representatives

Supplementary Order Paper

Tuesday, 6 May 2014

Credit Contracts and Financial Services Law Reform Bill


Proposed motion to divide Bill into 2 Bills

Hon Craig Foss, in Committee, to move as follows:

That the enacting words, clauses 1 and 2, Part 1, and Schedules 1 to 3 be a separate Bill, and that the enacting words, clauses 1 and 2, and the Part 1 heading be replaced with:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Credit Contracts and Consumer Finance Amendment Act 2013.

2 Commencement
  • Sections 3 and 65 to 67 and Schedule 1 (other than clause 2 of Schedule 1AA inserted into the principal Act by that schedule) come into force on the day after the date on which this Act receives the Royal assent.

    The item relating to section 44 of the Personal Property Securities Act 1999 in Schedule 3 comes into force on the day after the date on which this Act receives the Royal assent (and section 70 of this Act applies for the purposes of that item as if it were in force).

    The item relating to the Fair Trading Act 1986 in Schedule 3 comes into force on 17 June 2014 (and section 70 of this Act applies for the purposes of that item as if it were in force).

    The rest of this Act comes 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 and for different purposes.

    To the extent that it is not previously brought into force under subsection (1), (2), (3), or (4), the rest of this Act comes into force on the day that is 12 months after the date on which this Act receives the Royal assent.

    In this section, provision includes any item, or any part of an item, in any of the schedules.

That Part 2 and Schedule 4 be a separate Bill, and that the Part 2 heading be replaced with:

The Parliament of New Zealand enacts as follows:

1 Title
  • This Act is the Financial Service Providers (Registration and Dispute Resolution) Amendment Act 2013.

2 Commencement
  • Sections 71 and 105 come into force on the day after the date on which this Act receives the Royal assent.

    The rest of this Act comes 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 and for different purposes.

    To the extent that it is not previously brought into force under subsection (1) or (2), the rest of this Act comes into force on the day that is 12 months after the date on which this Act receives the Royal assent.

    In this section, provision includes any item, or any part of an item, in the schedule.


Explanatory note

This Supplementary Order Paper divides the Credit Contracts and Financial Services Law Reform Bill into the following Bills:

  • the Credit Contracts and Consumer Finance Amendment Bill:

  • the Financial Service Providers (Registration and Dispute Resolution) Amendment Bill.