242 Protection from non-compliance: KiwiSaver (Oranga Tamariki Guardians) Amendment Act 2019

Non-compliance with financial markets legislation, as defined in section 6(1) of the Financial Markets Conduct Act 2013, or the Fair Trading Act 1986 is ignored if the non-compliance results from the enactment of the KiwiSaver (Oranga Tamariki Guardians) Amendment Act 2019 and—

(a)

the non-compliance does not continue on or after the expiry of the 2-month period that starts on the date of Royal assent of that Act; or

(b)

the non-compliance relates to a product disclosure statement under the Financial Markets Conduct Act 2013 and the period of the non-compliance ends before the expiry of the 4-month period that starts on the date of Royal assent of the KiwiSaver (Oranga Tamariki Guardians) Amendment Act 2019.

Section 242: inserted, on 27 August 2019, by section 7 of the KiwiSaver (Oranga Tamariki Guardians) Amendment Act 2019 (2019 No 45).