Building Societies Regulations 1989

Reprint as at 1 April 2014

Building Societies Regulations 1989

(SR 1989/33)

Paul Reeves, Governor-General

Order in Council

At Wellington this 20th day of February 1989

His Excellency the Governor-General in Council


Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry of Business, Innovation, and Employment.

Pursuant to sections 106(2), 113Q, and 137 of the Building Societies Act 1965 (as amended by the Building Societies Amendment Act 1987), His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following regulations.


1 Title, commencement, and application

2 Interpretation

Part 1
General provisions

Incorporation of society

3 Application for certificate of incorporation

Alteration of rules

4 Registration of alteration of rules

Bonus ballots and bonus balloting shares

5 Bonus balloting shares fund

6 Maximum distribution by bonus ballot

7 Ordinary bonus ballots

8 Special bonus ballots

9 Disqualification from participating in bonus ballots

10 Rights of bonus balloting shareholders

11 Conduct of bonus balloting business

12 Registrar may require actuary's certificate

13 Application of regulations relating to bonus ballots to company into which society becomes converted

Miscellaneous provisions

14 Value of land owned by society [Revoked]

15 Service of notices and documents

16 Fees

Part 2
Annual returns

General provisions


17 Interpretation of terms used in this Part [Revoked]

18 Financial statements required [Revoked]

19 Requirement for consolidated financial statements [Revoked]

20 Amounts for preceding financial year to be shown [Revoked]

21 Statement of accounting policies [Revoked]

22 Notes to financial statements [Revoked]

Revenue and appropriation account


23 Matters to be contained in revenue and appropriation account [Revoked]

24 Matters to be shown relating to appropriations of earnings [Revoked]

Statement of financial position


25 Fixed capital and reserves [Revoked]

26 Minority interests [Revoked]

27 Deferred taxation [Revoked]

28 Term liabilities [Revoked]

29 Current liabilities [Revoked]

30 Fixed assets [Revoked]

31 Investments [Revoked]

32 Loans [Revoked]

33 Current assets [Revoked]

34 Intangible assets [Revoked]

35 Other information [Revoked]

36 Commitments and contingent liabilities [Revoked]

37 Currency conventions [Revoked]

Statement attached to terminating group account


38 Statement attached to terminating group account [Revoked]

Annual return

39 Form of annual return

40 Auditors' report on annual return


41 Revocations

Schedule 1

Schedule 2
Rates of depreciation on improvements


Schedule 3
Fees payable to Registrar

Schedule 4
Statement to be attached to each annual terminating group account


Schedule 5
Annual return

Schedule 6
Regulations revoked

Gazette information

Reprint notes