Act In force Latest version as at 03 September 2007 (as enacted) | 2001 No 20 | Administered by Ministry of Business, Innovation, and Employment

Fair Trading Amendment Act 2001

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Provisions as to proceedings already barred and pending proceedings

Legislative history

Fair Trading Amendment Act 2001

Public Act	2001 No 20
Date of assent	2 May 2001

Note

This Act is administered in the Ministry of Economic Development.

Contents

4 Provisions as to proceedings already barred and pending proceedings

The Parliament of New Zealand enacts as follows:

1 Title

(1) This Act is the Fair Trading Amendment Act 2001.

(2) In this Act, the Fair Trading Act 1986 is called “the principal Act”.

2 Commencement

This Act comes into force on the day after the day on which it receives the Royal assent.

3 Other orders

Section 43 of the principal Act is amended by repealing subsection (5), and substituting the following subsection:
- “(5) An application under subsection (1) may be made at any time within 3 years after the date on which the loss or damage, or the likelihood of loss or damage, was discovered or ought reasonably to have been discovered.”

4 Provisions as to proceedings already barred and pending proceedings

Nothing in this Act—
- (a) enables any proceedings to be brought which were barred before the commencement of this Act; or
- (b) affects any proceedings commenced before the commencement of this Act.

Legislative history
4 April 2001	Divided from Business Law Reform Bill (Bill 319–3D)
1 May 2001	Third reading
2 May 2001	Royal assent