1: Title
This Act is the Regulatory Systems (Immigration and Workforce) Amendment Act 2025.
2: Commencement
1: This Act comes into force on 30 March 2025, with some exceptions.
2: Sections 19 64 65
3: Sections 47 to 53 Section 2(1) editorial change made by the PCO 9 May 2025 sections 86(1) 87(m) Legislation Act 2019 Section 2(2) editorial change made by the PCO 1 April 2025 sections 86(1) 87(l)(iii) Legislation Act 2019
1: Amendments to Electricity Act 1992
3: Principal Act
This Part amends the Electricity Act 1992 2025-03-30 Electricity Act 1992
4: Section 5 amended (Functions of WorkSafe)
After section 5(1)(b)
ba: to develop electricity safety instruments:
5: Section 152 amended (Delegation of functions and powers)
1: Replace the heading to section 152 Power of Board to delegate to Registrar
2: Repeal section 152(2)(a)
6: New section 152A inserted (Power of Registrar to delegate)
After section 152
152A: Power of Registrar to delegate
1: The Registrar may delegate to any employee of the State services (within the meaning of the Public Service Act 2020
2: The Registrar must not delegate the power of delegation.
3: A delegation—
a: must be in writing; and
b: may be made subject to any restrictions and conditions that the Registrar thinks fit; and
c: may be revoked in writing at any time; and
d: does not affect or prevent the performance or exercise of a function, duty, or power by the Registrar; and
e: does not affect the responsibility of the Registrar for the actions of a person acting under the delegation.
4: A person to whom any functions, duties, or powers are delegated may, unless the delegation provides otherwise, perform and exercise them in the same manner, subject to the same restrictions, and with the same effect as if they had been conferred directly by this Act and not by delegation.
5: A person who purports to act under a delegation is, in the absence of proof to the contrary, presumed to be acting in accordance with the terms of the delegation.
7: Section 169C and cross-heading replaced
Replace section 169C Electricity safety instruments
169C: Minister may approve electricity safety instruments
1: The Minister may—
a: approve an electricity safety instrument developed by WorkSafe for the purposes referred to in subsection (2); and
b: amend or revoke an approved electricity safety instrument.
2: The purposes of electricity safety instruments are to define terms, prescribe matters, or make other provision in relation to any activity or thing, including (without limitation) listing standards, control of substances, competency requirements, and certification requirements.
3: The Minister must not approve an electricity safety instrument unless the Minister is satisfied that all persons and organisations that the Minister thinks appropriate have been consulted, having regard to the subject matter of the proposed electricity safety instrument.
4: The Minister may approve an amendment to an electricity safety instrument (including approving incorporation of amendments to, or updates of, documents incorporated by reference) without complying with subsection (3) if the Minister is satisfied that the amendment is minor or technical.
5: To the extent that an electricity safety instrument is given effect to in accordance with section 169D see Part 3 of the Legislation Act 2019
6: To the extent that an electricity safety instrument is not secondary legislation, subsection (7) applies.
7: The Minister must, as soon as practicable after an electricity safety instrument is made,—
a: notify the electricity safety instrument in the Gazette
b: ensure that a copy of the electricity safety instrument is published on an internet site—
i: that is maintained by or on behalf of WorkSafe; and
ii: from which members of the public can access and download it free of charge at all times (as far as practicable).
8: A failure to comply with subsection (3) does not affect the validity of an electricity safety instrument. The following table is small in size and has 3 columns that are grouped under the heading Legislation Act 2019 requirements for secondary legislation referred to in subsection (5). Legislation Act 2019 requirements for secondary legislation referred to in subsection (5) Publication The maker must publish it in accordance with the Legislation (Publication) Regulations 2021 LA19 s 74(1)(aa) Presentation The Minister must present it to the House of Representatives LA19 s 114 Disallowance It may be disallowed by the House of Representatives LA19 ss 115 116 This note is not part of the Act.
169D: Legal effect of electricity safety instruments
1: An electricity safety instrument has legal effect only to the extent that any regulations made under this Act refer to it.
2: For the purposes of subsection (1), regulations may refer to—
a: a particular electricity safety instrument as amended or replaced from time to time; or
b: any electricity safety instrument that may be made for the purposes of regulations (even if the instrument is not or has not been made at the time the regulations are made).
169E: Minister may delegate approval of electricity safety instruments to WorkSafe
1: The Minister may, either generally or specifically, delegate to WorkSafe the Minister’s power to approve, amend, or revoke an electricity safety instrument.
2: A delegation under this section must be in writing.
3: WorkSafe must not delegate the power to approve, amend, or revoke an electricity safety instrument delegated to it under subsection (1) except in accordance with the terms of the delegation.
4: The power of the Minister to delegate under this section—
a: is subject to any prohibitions, restrictions, or conditions contained in any other Act in relation to the delegation of the Minister’s functions or powers; but
b: does not limit any power of delegation conferred on the Minister by any other Act.
5: WorkSafe may, unless the delegation provides otherwise, exercise the power delegated to it under this section in the same manner, subject to the same restrictions, and with the same effect as if it had been conferred on WorkSafe directly.
6: If WorkSafe purports to act under a delegation under this section, WorkSafe is, in the absence of proof to the contrary, presumed to be acting in accordance with the terms of the delegation.
7: No delegation under this section affects or prevents the performance or exercise of any function or power by the Minister or affects the responsibility of the Minister for the actions of a person acting under the delegation.
2: Amendments to Employment Relations Act 2000
8: Principal Act
This Part amends the Employment Relations Act 2000 2025-03-30 Employment Relations Act 2000
9: Section 64 amended (Employer must retain copy of individual employment agreement or individual terms and conditions of employment)
1: After section 64(2)
2A: The employer’s obligation to retain an individual employment agreement or individual terms and conditions of employment under subsection (1), or an intended agreement under subsection (2), includes obligations to ensure that—
a: the employee does not hold the only copy of the agreement, individual terms and conditions of employment, or intended agreement; and
b: the employer’s copy of the agreement, individual terms and conditions of employment, or intended agreement is readily accessible.
2: Replace section 64(5)(b)
b: give the employer 7 working days to remedy the breach by producing a copy of the agreement that was retained in accordance with subsection (1) or (2), or providing a copy of the agreement to the employee in accordance with a request under subsection (3) (as applicable).
10: Section 65 amended (Form and content of individual employment agreement)
1: Replace section 65(1)
1: The individual employment agreement of an employee may contain such terms and conditions as the employee and employer think fit, but the employer must ensure that the agreement—
a: is in writing; and
b: complies with the requirements in subsection (2).
2: In section 65(2) However, the The
11: Section 235A amended (Interpretation)
In section 235A infringement offence
a: a failure by an employer to comply with the requirements of section 64(1) or (2), 65(1)(a), or 130(1) section 81(2) of the Holidays Act 2003
3: Amendments to Gas Act 1992
12: Principal Act
This Part amends the Gas Act 1992 2025-03-30 Gas Act 1992
13: Section 6 amended (Functions of WorkSafe)
After section 6(1)(b)
ba: to develop gas safety instruments:
14: Section 56AB and cross-heading replaced
Replace section 56AB Gas safety instruments
56AB: Minister may approve gas safety instruments
1: The Minister may—
a: approve a gas safety instrument developed by WorkSafe for the purposes referred to in subsection (2); and
b: amend or revoke an approved gas safety instrument.
2: The purposes of gas safety instruments are to define terms, prescribe matters, or make other provision in relation to any activity or thing, including (without limitation) listing standards, control of substances, competency requirements, and certification requirements.
3: The Minister must not approve a gas safety instrument unless the Minister is satisfied that all persons and organisations that the Minister thinks appropriate have been consulted, having regard to the subject matter of the proposed gas safety instrument.
4: The Minister may approve an amendment to a gas safety instrument (including approving incorporation of amendments to, or updates of, documents incorporated by reference) without complying with subsection (3) if the Minister is satisfied that the amendment is minor or technical.
5: To the extent that a gas safety instrument is given effect to in accordance with section 56AC see Part 3 of the Legislation Act 2019
6: To the extent that a gas safety instrument is not secondary legislation, subsection (7) applies.
7: The Minister must, as soon as practicable after a gas safety instrument is made,—
a: notify the gas safety instrument in the Gazette
b: ensure that a copy of the gas safety instrument is published on an internet site—
i: that is maintained by or on behalf of WorkSafe; and
ii: from which members of the public can access and download it free of charge at all times (as far as practicable).
8: A failure to comply with subsection (3) does not affect the validity of a gas safety instrument. The following table is small in size and has 3 columns that are grouped under the heading Legislation Act 2019 requirements for secondary legislation referred to in subsection (5). Legislation Act 2019 requirements for secondary legislation referred to in subsection (5) Publication The maker must publish it in accordance with the Legislation (Publication) Regulations 2021 LA19 s 74(1)(aa) Presentation The Minister must present it to the House of Representatives LA19 s 114 Disallowance It may be disallowed by the House of Representatives LA19 ss 115 116 This note is not part of the Act.
56AC: Legal effect of gas safety instruments
1: A gas safety instrument has legal effect only to the extent that any regulations made under this Act refer to it.
2: For the purposes of subsection (1), regulations may refer to—
a: a particular gas safety instrument as amended or replaced from time to time; or
b: any gas safety instrument that may be made for the purposes of regulations (even if the instrument is not or has not been made at the time the regulations are made).
56AD: Minister may delegate approval of gas safety instruments to WorkSafe
1: The Minister may, either generally or specifically, delegate to WorkSafe the Minister’s power to approve, amend, or revoke a gas safety instrument.
2: A delegation under this section must be in writing.
3: WorkSafe must not delegate the power to approve, amend, or revoke a gas safety instrument delegated to it under subsection (1) except in accordance with the terms of the delegation.
4: The power of the Minister to delegate under this section—
a: is subject to any prohibitions, restrictions, or conditions contained in any other Act in relation to the delegation of the Minister’s functions or powers; but
b: does not limit any power of delegation conferred on the Minister by any other Act.
5: WorkSafe may, unless the delegation provides otherwise, exercise the power delegated to it under this section in the same manner, subject to the same restrictions, and with the same effect as if it had been conferred on WorkSafe directly.
6: If WorkSafe purports to act under a delegation under this section, WorkSafe is, in the absence of proof to the contrary, presumed to be acting in accordance with the terms of the delegation.
7: No delegation under this section affects or prevents the performance or exercise of any function or power by the Minister or affects the responsibility of the Minister for the actions of a person acting under the delegation.
4: Amendments to Health and Safety at Work Act 2015
15: Principal Act
This Part amends the Health and Safety at Work Act 2015 2025-03-30 Health and Safety at Work Act 2015 this part in force, except s19 2025-04-01 Health and Safety at Work Act 2015 s19 comes into force, see s2(2)
16: Section 24 amended (Meaning of notifiable incident)
1: Repeal section 24(1)(m)
2: After section 24(2)
3: In this Act, unless the context otherwise requires, a notifiable incident
a: could expose a worker or any other person to serious risk to their health or safety; and
b: is declared by regulations to be a notifiable incident for the purposes of this Act.
17: Section 123 amended (Regulator may accept enforceable undertakings)
After section 123(1)
1A: However, the regulator may refuse to accept an enforceable undertaking if it does not provide for the reimbursement of any reasonable costs and expenses of the regulator incurred in relation to—
a: the undertaking; and
b: the contravention or alleged contravention.
1B: To avoid doubt, the costs and expenses of the regulator include any costs or expenses incurred in relation to an employee, agent, or contractor of the regulator.
1C: Subsection (1A) does not limit the discretion of the regulator to refuse to accept an enforceable undertaking.
18: Section 142 amended (Person may notify regulator of interest in knowing of enforcement action taken by regulator)
1: In section 142(2)(a) establish make reasonable efforts to establish
2: In section 142(2)(a)(ii) any regulatory agency any relevant regulatory agency
3: After section 142(2)
3: In subsection (2), relevant regulatory agency
a: a regulator under this Act:
b: the CAA:
c: the New Zealand Police:
d: the New Zealand Transport Agency:
e: Maritime New Zealand:
f: the EPA:
g: Fire and Emergency New Zealand:
h: the Ministry of Health:
i: ACC:
j: the Ministry of Business, Innovation, and Employment, including any statutory officer who carries out work for that agency:
k: a local authority of the region or district in which the particular incident, situation, or set of circumstances occurred or arose:
l: a medical officer of health for the health district in which the particular incident, situation, or set of circumstances occurred or arose:
m: an agency prescribed as a relevant regulatory agency for the incident, situation, or set of circumstances that has occurred or arisen.
19: Section 201 amended (Funding levy)
1: In section 201(1) on the earnings or purchased weekly compensation
2: Replace section 201(2)(b)
b: every earner who has earnings as a self-employed person—
i: on the amount of earnings as a self-employed person derived or deemed to have been derived by the earner; or
ii: if the earner has purchased weekly compensation under section 208 of the Accident Compensation Act 2001
3: Replace section 201(2)(c)
c: every earner who has earnings as a shareholder-employee—
i: on the amount of earnings as a shareholder-employee derived or deemed to be derived by the earner; or
ii: if the earner has purchased weekly compensation under section 190 of the Accident Compensation Act 2001
4: In section 201(7) earner earnings earnings as a self-employed person and earnings as a self-employed person earnings as a self-employed person earnings as a shareholder-employee
20: Section 220 amended (Regulator may grant exemption from compliance with regulations)
Replace section 220(4)(b)
b: expires on the earlier of the following to occur unless it is sooner replaced or revoked:
i: an expiry date specified in the notice:
ii: the close of the day that is 5 years after the date on which it took effect.
21: Section 228 amended (Legal effect of safe work instruments)
In section 228(1)
22: Schedule 1 amended
In Schedule 1
a: insert the Part set out in the Schedule
b: make all necessary consequential amendments.
23: Schedule 3 amended
1: In Schedule 3, clause 1 tourist mining operation tourist mining operation
a: that is at a place where the extraction of coal or minerals has been carried out but is not currently being carried out and is not likely or intended to be carried out in the future; and
b: where there are 1 or more principal hazards in relation to a mining operation, within the meaning prescribed by regulations; and
c: that has 1 or more of the following purposes:
i: mine education:
ii: mine research:
iii: mine tourism
2: In Schedule 3, clause 2(b)(iii) associated with a mine: where the processing occurs at a place adjacent to, or in the vicinity of, the site at which the coal or minerals are extracted:
3: In Schedule 3, clause 3(1)(a)(ii) at the place where the material is extracted or at a place adjacent to, or in the vicinity of, that place
4: In Schedule 3, clause 3(1)(b) ; and ; but
5: In Schedule 3, replace clause 3(1)(c)
c: does not include either of the following, or the place where they are carried out:
i: an activity carried out above ground on a farm for the purpose of extracting or processing any material, other than coal or any mineral, from the earth for the use of that farm; or
ii: an activity carried out above ground for the purpose of extracting, processing, or moving any material, other than coal or any mineral, from the earth for use on a roading or other civil, commercial, or residential construction project that is at the place of the extraction.
6: In Schedule 3, clause 3(2) Subclause (1) applies To avoid doubt in relation to an activity described in subclause (1)(a) and (b), subclause (1) applies
7: In Schedule 3, clause 4(a) fill material
8: In Schedule 3, clause 28(a) mine workers: mine workers, quarry workers, and alluvial mine workers:
9: In Schedule 3, replace clause 29(4)(a) to (d)
a: mining operations, quarrying operations, and alluvial mining operations:
b: health and safety inspection in the mining industry, quarrying industry, and alluvial mining industry:
c: mining education, quarrying education, and alluvial mining education:
d: mining industry training, quarrying industry training, and alluvial mining industry training.
10: In Schedule 3, replace clause 31(1)
1: The Governor-General may, by Order in Council, in accordance with a recommendation of the Minister, make regulations imposing a levy on mine operators, quarry operators, and alluvial mine operators to fund the direct and indirect costs incurred by the Board in performing the Board’s functions to the extent that they relate to mining operations, quarrying operations, and alluvial mining operations.
11: In Schedule 3, replace clause 31(2)(b)
b: specify the mine operators, quarry operators, alluvial mine operators, or classes of mine operators, quarry operators, or alluvial mine operators, responsible for paying the levy:
12: In Schedule 3, replace clause 31(2)(c)
c: specify, if the levy is to be paid at different rates, what the different rates apply to, which may include—
i: mine operators, quarry operators, alluvial mine operators, or classes of those operators:
ii: mining operations, quarrying operations, alluvial mining operations, or classes of those operations:
iii: the thing being extracted:
iv: other things.
5: Amendments to Immigration Advisers Licensing Act 2007
24: Principal Act
This Part amends the Immigration Advisers Licensing Act 2007 2025-03-30 Immigration Advisers Licensing Act 2007
25: Section 5 amended (Interpretation)
In section 5 incorporated law firm section 6 of the Lawyers and Conveyancers Act 2006
26: Section 9 replaced (No acceptance of immigration applications or requests from unlicensed immigration advisers)
Replace section 9
9: Immigration applications or requests from unlicensed immigration advisers
1: Immigration applications or requests provided or prepared on behalf of a person (the applicant agent
a: is a licensed immigration adviser; or
b: is exempt from the requirement to be licensed under section 11
2: If an application or a request that must not be accepted is accepted automatically, in error, or for any other reason, the application must be refused.
3: The chief executive must, so far as practicable, ensure that immigration forms and information brochures prepared or provided by the Department contain advice about the effect of subsections (1) and (2).
4: If subsection (1) or (2) applies in a particular case, the chief executive must notify the applicant, in writing,—
a: that the application or request is not accepted or is refused; and
b: how the application or request may be resubmitted in an acceptable manner.
27: Section 11 amended (Persons exempt from licensing)
In section 11(e) lawyers and employees of lawyers and of incorporated law firms
28: Section 15 amended (Persons prohibited from licensing)
Replace section 15(2)
2: A Minister of Immigration or an Associate Minister of Immigration in the New Zealand Government may not be licensed while holding that office and for the 12-month period after leaving that office.
3: An immigration officer or a refugee and protection officer (as defined in the Immigration Act 2009
29: Section 16 amended (Persons subject to restriction on being licensed)
After section 16(a)
aa: a person who has been convicted of an offence under this Act; or
30: Section 17 amended (Other matters relevant to fitness for licensing)
After section 17(c)
d: any other matters that the Registrar considers relevant.
31: Section 27 amended (Cancellation of licence)
After section 27(1)(d)
da: having regard to the matters specified in sections 16 and 17
32: Section 29 amended (Suspension of licence)
In section 29(1)(a) section 51(1)(c) section 51(1)(c) or (ca)
33: Section 35 amended (Functions of Authority)
After section 35(1)(g)
ga: to refer complaints to the Tribunal:
34: Section 44 amended (Complaints against immigration advisers)
Replace section 44(3)
3: A complaint must—
a: be made in writing; and
b: include the name and contact details of the complainant; and
c: state the subject matter of the complaint; and
d: include any appropriate documentation held by, or available to, the complainant; and
e: state whether or not the complainant has made attempts to resolve the complaint using the immigration adviser’s (or former licensed immigration adviser’s) own complaints procedure, and the outcome (if any) of that process.
35: Section 51 amended (Disciplinary sanctions)
1: Replace section 51(1)(c)
c: suspension of licence for the unexpired period of the licence:
ca: suspension of licence until the Registrar is satisfied that the person meets specified conditions:
cb: a downgrade to the type of licence (for example, downgrading a full licence to a limited licence or a provisional licence):
2: Replace section 51(1)(e)
e: an order preventing the person from reapplying for a licence—
i: for a specified period that the Tribunal considers appropriate; or
ii: until the Registrar is satisfied that the person meets specified conditions; or
iii: until the Tribunal is satisfied that the order may be lifted or varied in accordance with section 51A
36: New section 51A inserted (Lifting or varying order)
After section 51
51A: Lifting or varying order
1: A person subject to an order under section 51(1)(e)(iii)
2: The Tribunal may—
a: lift the order if satisfied that the order is no longer necessary to achieve the purposes of the Act:
b: vary the order if satisfied that there are grounds to do so.
3: The Tribunal must notify its decision to the person subject to the order.
37: Section 53 amended (Suspension of licence pending outcome of complaint)
Replace section 53(1)
1: The Tribunal may suspend a licence if—
a: a complaint has been made about the licensed immigration adviser; and
b: the complaint—
i: has been referred to the Tribunal by the Registrar under section 45(3) or 46(2)
ii: is being prepared for submission to the Tribunal; and
c: the Tribunal considers that it is necessary or desirable to suspend the licence having regard to the interests of the public.
38: Section 76 replaced (Independence of persons carrying out functions under Act)
Replace section 76
76: Independence of persons carrying out functions under Act
The following persons may not be employed or engaged to consider or decide applications for licences, or for renewals of licences, or to carry out inspections under this Act:
a: an immigration officer or a refugee and protection officer (as defined in the Immigration Act 2009
b: any other person who exercises a power of decision in relation to an immigration matter:
c: any person, other than a former immigration officer or refugee and protection officer, who has exercised a power of decision in relation to an immigration matter in the previous 2 years.
39: Section 78 amended (Contents of register)
After section 78(2)
3: The register may also contain any other information that the Registrar considers relevant, taking into account the purposes of the register as set out in section 77(2)
40: New section 78A inserted (Registrar may restrict public access to register)
After section 78
78A: Registrar may restrict public access to register
1: Despite section 78
a: a licensed immigration adviser or a person who is no longer a licensed immigration adviser if the Registrar considers that public access to that information would be likely to prejudice the privacy or safety of any person; or
b: a licensed immigration adviser or a person who is no longer a licensed immigration adviser if that person is—
i: a protected person in relation to a protection order under the Family Violence Act 2018
ii: a person for whose benefit a suppression provision or order applies under any legislation.
2: For the purposes of subsection (1), the Registrar may prevent or restrict access subject to any terms and conditions that the Registrar thinks fit.
3: However, in the case of subsection (1)(b), the Registrar must ensure that those terms and conditions are consistent with the protection order or suppression provision or order.
4: This section does not limit the Official Information Act 1982
41: Section 79 amended (Alterations to register)
In section 79
2: Despite section 78 section 77(2)
42: Section 81 amended (Right of appeal)
After section 81(1)(c)
ca: a decision of the Tribunal under section 50
43: Section 83 amended (Duties of Registrar if interim order made)
1: Replace the heading to section 83 Effect of interim order
2: After section 83(1)
1A: If an interim order applies to a person who is appealing against a decision of the Registrar to refuse to license the person as an immigration adviser, the interim order must be treated as a licence of the type for which the person applied that was granted on the date of the interim order and that is subject to any conditions imposed by the court in the interim order.
3: After section 83(2)
3: A person to whom an interim order applies—
a: is liable to pay any fees or levies in respect of their licence under regulations made under this Act; and
b: must, on or before the date on which the licence expires, apply for a renewal of their licence in accordance with section 24
4: If a person to whom subsection (3)(b) applies fails to apply to renew their licence on or before the date on which it would otherwise expire, the interim order is deemed to be rescinded and the Registrar must record the expiry of the licence in the register in accordance with section 33
6: Amendments to Mines Rescue Act 2013
44: Principal Act
This Part amends the Mines Rescue Act 2013 2025-03-30 Mines Rescue Act 2013
45: Section 4 amended (Interpretation)
In section 4 authorised person
46: Section 13 amended (Power of inspection in relation to levy)
After section 13(3)
4: In this section, authorised person
7: Amendments to Parental Leave and Employment Protection Act 1987
47: Principal Act
This Part amends the Parental Leave and Employment Protection Act 1987 2025-07-01 Parental Leave and Employment Protection Act 1987
48: Section 2BA amended (Thresholds for entitlements)
After section 2BA(4)
5: Section 72A
6: Section 71CB
49: Section 9 amended (Duration of primary carer leave)
After section 9(3)
4: Any week in relation to which a preterm baby payment is made to a person is in addition to, and must not be counted when determining, the duration of primary carer leave under this section.
50: Section 26 amended (Duration of extended leave)
After section 26(5)
5A: Any week in relation to which a preterm baby payment is made to a person is in addition to, and must not be counted when determining, the duration of extended leave under this section.
51: Section 71D amended (Entitlement to parental leave payments)
After section 71D(2A)
2B: Despite subsection (1), a person who is the primary carer under section 7(1)(c)
52: Section 71J amended (Duration of parental leave payment)
After section 71J(2)
3: Any week in relation to which a preterm baby payment is made to a person is in addition to, and must not be counted when determining, the duration of parental leave payment under this section.
53: Section 71K amended (Start of parental leave payment)
Replace section 71K(2) to (4)
2: However,—
a: if a person becomes entitled to a preterm baby payment under section 71DA(1)
i: the date on which the person commences parental leave:
ii: the original expected date of delivery had the child not been born prematurely:
b: if a person is a primary carer under section 7(1)(b)(iii)
c: if a person is the primary carer under section 7(1)(c)
3: Despite subsections (1) and (2), an employee who takes a period of paid leave at the start of his or her parental leave period may elect to start his or her parental leave payment period on the day after the date on which that period of paid leave ends.
8: Regulations amended and revoked
1: Regulations amended
54: Amendment to Health and Safety at Work (Adventure Activities) Regulations 2016
Section 55 Health and Safety at Work (Adventure Activities) Regulations 2016 2025-03-30 Health and Safety at Work (Adventure Activities) Regulations 2016
55: Regulation 19A amended (Declaration of notifiable incidents)
In regulation 19A section 24(3)
56: Amendment to Health and Safety at Work (Asbestos) Regulations 2016
Section 57 Health and Safety at Work (Asbestos) Regulations 2016 2025-03-30 Health and Safety at Work (Asbestos) Regulations 2016
57: Regulation 6 amended (Declaration of notifiable incident)
In regulation 6 section 24(3)
58: Amendment to Health and Safety at Work (Major Hazard Facilities) Regulations 2016
Section 59 Health and Safety at Work (Major Hazard Facilities) Regulations 2016 2025-03-30 Health and Safety at Work (Major Hazard Facilities) Regulations 2016
59: Regulation 33 amended (Declaration of notifiable incidents)
In regulation 33 section 24(3)
60: Amendment to Health and Safety at Work (Mining Operations and Quarrying Operations) Regulations 2016
Section 61 Health and Safety at Work (Mining Operations and Quarrying Operations) Regulations 2016 2025-03-30 Health and Safety at Work (Mining Operations and Quarrying Operations) Regulations 2016
61: Regulation 225 amended (Declaration of notifiable injury or illness and notifiable incidents)
In regulation 225(2) section 24(3)
62: Amendment to Health and Safety at Work (Petroleum Exploration and Extraction) Regulations 2016
Section 63 Health and Safety at Work (Petroleum Exploration and Extraction) Regulations 2016 2025-03-30 Health and Safety at Work (Petroleum Exploration and Extraction) Regulations 2016
63: Regulation 70 (Declaration of notifiable incidents)
In regulation 70 section 24(3)
64: Amendment to Health and Safety at Work (Rates of Funding Levy) Regulations 2016
Section 65 Health and Safety at Work (Rates of Funding Levy) Regulations 2016
65: Regulation 4 replaced (Rate of funding levy payable by certain earners)
Replace regulation 4
4: Rate of funding levy payable by certain earners
1: For the purposes of section 201(2)(b) of the Health and Safety at Work Act 2015 section 208 of the Accident Compensation Act 2001
2: For the purposes of section 201(2)(c) of the Health and Safety at Work Act 2015 section 190 of the Accident Compensation Act 2001 2025-04-01 Health and Safety at Work (Rates of Funding Levy) Regulations 2016 Section 2(1) as assented refers to section 64 as coming into force on 1 April 2025. However, Mel B has confirmed that it should refer to section 65 (the reference was not updated when the Bill was reported back from select committee). A change request is in progress.
2: Regulations revoked
66: Regulations revoked
The Employment Relations (Infringement Offences) Regulations 2019 2025-03-30 Employment Relations (Infringement Offences) Regulations 2019


1: Title
This Act is the Regulatory Systems (Economic Development) Amendment Act 2025.
2: Commencement
1: This Act comes into force on 30 March 2025
2: However,—
a: the following come into force on 1 or more dates set by Order in Council:
i: sections 85 86
ii: sections 89 to 94
iii: section 103(5)
iv: sections 104 105
v: Part 15
b: Part 10 on 29 September 2025
c: section 132 on 29 June 2025
d: Part 19 on 29 July 2025
3: Any part of this Act that has not come into force on 29 March 2028
4: Orders made under this section are secondary legislation ( see Part 3 The following table is small in size and has 3 columns that are grouped under the heading Legislation Act 2019 requirements for secondary legislation made under this section. Legislation Act 2019 requirements for secondary legislation made under this section Publication PCO must publish it on the legislation website and notify it in the Gazette LA19 s 69(1)(c) Presentation The Minister must present it to the House of Representatives LA19 s 114 Disallowance It may be disallowed by the House of Representatives LA19 ss 115 116 This note is not part of the Act. Section 2(1) editorial change 10 April 2025 sections 86(1) 87(m) Legislation Act 2019 Section 2(2)(b) editorial change 10 April 2025 sections 86(1) 87(m) and (q) Legislation Act 2019 Section 2(2)(c) editorial change 10 April 2025 sections 86(1) 87(m) and (q) Legislation Act 2019 Section 2(2)(d) editorial change 10 April 2025 sections 86(1) 87(m) and (q) Legislation Act 2019 Section 2(3) editorial change 10 April 2025 sections 86(1) 87(m) Legislation Act 2019
1: Amendments to Auctioneers Act 2013
3: Principal Act
This Part amends the Auctioneers Act 2013 2025-03-30 Auctioneers Act 2013
4: Section 6 amended (Disqualification from registration)
1: In section 6(1)(e) dishonesty (as defined in section 2(1)
2: After section 6(2)(a)
aa: the company is not registered under the Companies Act 1993
5: Section 9 amended (Information and material to be included in application)
In section 9(3)(c) , a document exchange, or a rural delivery or a document exchange
6: Section 18 amended (Storage and inspection of auctioneer record)
After section 18(2)(c)
d: the Registrar.
2: Amendments to Auditor Regulation Act 2011
7: Principal Act
This Part amends the Auditor Regulation Act 2011 2025-03-30 Auditor Regulation Act 2011
8: Section 5 amended (FMA’s functions under this Act)
After section 5(e)
ea: to issue directions under subpart 6A of Part 2
9: New section 7A inserted (Transitional, savings, and related provisions)
After section 7
7A: Transitional, savings, and related provisions
The transitional, savings, and related provisions set out in Schedule 1
10: Section 20 amended (Cancellation of licences)
In section 20(4)(b) subpart 6 subpart 6A
11: Section 21 amended (Suspension of licences)
In section 21(5)(b) subpart 6 subpart 6A
12: Section 24 amended (Appeals in respect of licensing and related matters)
In section 24(1)(e) and (f) subpart 6 subpart 6A
13: Section 29 amended (Cancellation or suspension of registration)
In section 29(1)(e) subpart 6 subpart 6A
14: Section 52 amended (FMA must publish plan relating to auditor regulation and oversight)
1: In section 52(1) before the start of each financial year at least once every 4 years
2: In section 52(2) 2 or more 3 or more
3: In section 52(4) and section 55
15: Section 55 amended (FMA must report on audit regulatory systems of each accredited body)
1: In section 55(1) no later than 6 months after the start of each financial year at least once every 4 years
2: Repeal section 55(2)
3: In section 55(3)(c) preceding financial year period covered by the report
16: Section 68 amended (Quality review must include certain matters)
1: Replace the heading to section 68 Miscellaneous matters relating to quality review
2: Repeal section 68(1)(c)
3: After section 68(1)
1A: A quality review may include a review of the systems, policies, and procedures of the audit firm or licensed auditor in respect of any 1 or more of the following:
a: compliance with this Act and other enactments that relate to the conduct of FMC audits:
b: compliance with auditing and assurance standards:
c: the quantity and quality of resources used:
d: compliance with competence programmes:
e: any other matter that is consistent with the purpose of a quality review ( see section 65(2)
17: New sections 69A and 69B inserted
After section 69
69A: FMA must prepare report on quality reviews
1: The FMA must, at least once every 4 years, prepare a report on the quality reviews that have been carried out under this subpart since the last report on quality reviews.
2: The FMA must, no later than 1 month after preparing the report, publish a notice in the Gazette
a: states that it has prepared a report; and
b: specifies where a copy of the report may be inspected or obtained.
3: The FMA must, after publishing the notice in the Gazette
69B: FMA may prepare reports about particular quality reviews
1: The FMA may prepare a report on a quality review of the systems, policies, and procedures of a particular licensed auditor or audit firm.
2: The FMA may publish a copy of the report on an internet site maintained by or on behalf of the FMA.
18: New subpart 6A heading in Part 2 inserted
In Part 2, before section 70
6A: Directions and orders
19: Section 70 amended (FMA may issue directions)
In section 70(1) , after a quality review is completed,
20: Section 73 repealed (FMA must prepare annual report)
Repeal section 73
21: Section 74 repealed (FMA may prepare reports about particular quality reviews)
Repeal section 74
22: Section 82 repealed (Amendments to other Acts)
Repeal section 82
23: Section 93 amended (Protection from liability for accredited bodies and others)
After section 93(2)
3: Despite subsections (1) and (2), this section does not affect or limit any person’s liability for an offence under this Act or any other enactment.
24: Schedule replaced
Replace the Schedule Schedule 1
3: Amendments to Building Societies Act 1965
25: Principal Act
This Part amends the Building Societies Act 1965 2025-03-30 Building Societies Act 1965
26: Section 13 amended (Mode of establishing society)
In section 13
2: Subject to subsection (4) and section 13A
a: the society has a director who lives in—
i: New Zealand; or
ii: an enforcement country (within the meaning of section 2(1) of the Companies Act 1993) and is a director or officer of a body corporate that is incorporated in an enforcement country; and
b: the first 20 individuals who became members of the society are ordinarily resident in New Zealand; and
c: the society's principal place of business is in New Zealand; and
d: if the society is not also a registered bank, the society—
i: has an open NBDT regulated offer of debt securities; and
ii: carries on the business of borrowing and lending at all times after its rules are registered under this Act.
3: Subject to section 13A subsection (2)(a) and (c)
4: Despite subsection (2)(d) subsection (2) paragraph (d)
5: However, the society must, within 12 months of its registration, comply with subsection (2)(d)
6: If the society fails to comply with subsection (5)
a: deregister the rules of the society; and
b: cancel the registration of the society under section 124.
7: In this section,— debt security NBDT NBDT regulated offer ordinarily resident in New Zealand
a: the individual has their home in New Zealand; or
b: New Zealand is their place of permanent abode even though they are temporarily absent from New Zealand.
27: New section 13A inserted (Transitional arrangements)
After section 13
13A: Transitional arrangements
1: Subsections (2) and (3) section 13(2)
2: The society continues to be registered on and after commencement and the society may continue in operation, but the society must, within 12 months of the date on which section 13(2) section 13(2)(a), (c), and (d)
3: If the society fails to comply with subsection (2)
a: deregister the rules of the society, and amend the registers accordingly; and
b: cancel the registration of the society under section 124.
28: Section 14 amended (Registration of rules of society)
In section 14(3) those requirements and that the requirements of section 13(2)(a) to (d)
29: Section 103 amended (Duty to make annual return)
In section 103(1) shall, in the first 3 months of each financial year must, within 4 months of its balance date (within the meaning of section 41 of the Financial Reporting Act 2013)
4: Amendments to Charitable Trusts Act 1957
30: Principal Act
This Part amends the Charitable Trusts Act 1957 2025-03-30 Charitable Trusts Act 1957
31: New section 2B inserted (Transitional, savings, and related provisions)
After section 2A
2B: Transitional, savings, and related provisions
The transitional, savings, and related provisions set out in Schedule 1AA
32: Section 10 amended (Applications for incorporation)
After section 10(2)(c)
d: an electronic address for the purposes of any communication with the board.
33: Section 15 replaced (Name of board)
Replace section 15
15: Name of board
1: The Registrar must refuse to incorporate a board under a name if, in the Registrar’s opinion,—
a: the use of the name would contravene any legislation; or
b: the name is identical or almost identical to the name of any other board or company carrying on business in New Zealand (whether incorporated in New Zealand or not) or other body corporate established or registered in New Zealand; or
c: the name is identical or almost identical to a name that has already been reserved under the Companies Act 1993 and that is still available for registration under that Act; or
d: the name is likely to mislead the board’s members or the public about the board’s nature or identity; or
e: the name is offensive.
2: If the Registrar refuses to incorporate the board under subsection (1)
3: Subsection (1)(b)
a: the other board, company, or body corporate gives its consent in any manner that the Registrar requires; and
b: the Registrar is satisfied that board’s use of the name will not be contrary to the public interest.
15A: Registrar may change name
1: If the Registrar is satisfied that the name under which a board is registered is not permitted under section 15 section 15
2: The name entered on the register under subsection (1)
3: If the Registrar registers a new name, the Registrar must issue a certificate of incorporation recording the change of name.
34: Section 16 amended (Change of name)
1: In the heading to section 16 Change of name at application of board
2: In section 16(3) , and shall alter the certificate of incorporation to meet the circumstances of the case
3: After section 16(3)
3A: If the Registrar registers a new name under subsection (3), the Registrar must issue a certificate of incorporation recording the change of name.
4: Repeal section 16(4)
35: New section 16A inserted (Effect of change of name)
After section 16
16A: Effect of change of name
A change of name under section 15A
36: New section 22A inserted (Acknowledgement of registration)
After section 22
22A: Acknowledgement of registration
1: Every board must, on request from the Registrar, complete an acknowledgement of registration.
2: The Registrar may request an acknowledgement of registration at any time they think fit, but no more than once per year.
3: The acknowledgement of registration must contain the information prescribed by the regulations made under this Act or required by the Registrar.
4: This section does not apply to a charitable entity within the meaning of section 4(1) of the Charities Act 2005
37: Section 26 replaced (Dissolution by Registrar)
Replace section 26
26: Removal by Registrar
1: The Registrar may remove a board from the register if the Registrar is satisfied that the board—
a: is no longer carrying on its operations; or
b: has been registered because of a mistake of fact or law.
2: The Registrar must—
a: record the removal in the register; and
b: publish notice of the removal—
i: in the Gazette
ii: on an internet site maintained by, or on behalf of, the Registrar, at all reasonable times, for a period of not less than 20 working days.
3: The board is removed at the time the removal is recorded in the register.
26AA: Restoration to register
1: The Registrar may restore a board to the register if the Registrar is satisfied that a removal under section 26
2: The Registrar must—
a: record the restoration in the register; and
b: publish notice of the restoration—
i: in the Gazette
ii: on an internet site maintained by, or on behalf of, the Registrar, at all reasonable times, for a period of not less than 20 working days.
3: The board is restored at the time the restoration is recorded in the register, as if no removal had taken place, with effect from the time that the board was removed.
38: New section 28A inserted (Amendments to register)
After section 28
28A: Amendments to register
The Registrar may make any amendments to the register that are necessary or desirable—
a: to reflect any changes in the information that relates to a board; or
b: to correct the register if the Registrar is satisfied that any information—
i: has been wrongly entered in, or omitted from, the register; or
ii: has been incorrectly entered in the register; or
iii: contains a typographical error or a mistake; or
c: to comply with any court order.
39: New Schedule 1AA inserted
Insert the Schedule 1AA set out in Schedule 2 Consequential amendments to other legislation
40: Other legislation amended
1: Amend the Act specified in Part 1
2: Amend the secondary legislation specified in Part 2 2025-03-30 Racing Industry Act 2020 section 40(1) 2025-03-30 Charitable Trusts Regulations 2019 section 40(2)
5: Amendments to Contract and Commercial Law Act 2017
41: Principal Act
This Part amends the Contract and Commercial Law Act 2017 2025-03-30 Contract and Commercial Law Act 2017
42: Section 209 amended (Interpretation)
In section 209 security interest
a: the form of the transaction; and
b: the identity of the person who has title to the property that is subject to the security interest
43: Section 218 amended (When subpart applies)
After section 218(2)
3: Despite subsection (2)(d), this subpart applies to a deed that creates a power of attorney in connection with a security interest.
44: Schedule 5 amended
In Schedule 5 enduring powers of attorney (other than powers of attorney referred to in section 218(3)
6: Amendments to Crown Research Institutes Act 1992
45: Principal Act
This Part amends the Crown Research Institutes Act 1992 2025-03-30 Crown Research Institutes Act 1992
46: Section 16 amended (Statement of corporate intent)
In section 16(2)(g) , including the information to be included in each half-yearly report
47: Section 18 repealed (Half-yearly reports)
Repeal section 18
48: Section 19 amended (Information to be laid before House of Representatives)
Repeal section 19(4)
49: Section 22 amended (Protection from disclosure of sensitive information)
In section 22 financial statements, or half-yearly report referred to in sections 16 to 18 or financial statements (as referred to in section 16 or 17)
7: Amendments to Electricity Industry Act 2010
50: Principal Act
This Part amends the Electricity Industry Act 2010 2025-03-30 Electricity Industry Act 2010
51: Section 5 amended (Interpretation)
In section 5 specified person section 32(3)
52: Cross-heading above section 7 amended
In the cross-heading above section 7 participants and specified persons
53: Section 9 amended (Industry participants to register and comply with Code)
1: In the heading to section 9 Industry participants Obligation
2: After section 9(2)
3: Every specified person must comply with any obligations imposed on them by the Code in accordance with section 32(3)
4: A failure to comply with subsection (3)
54: Section 11 amended (Exemption from obligation to comply with Code)
1: After section 11(1)
1A: Despite section 9(3)
a: identifies the specified person that is exempt from the obligation to comply with the Code or specific provisions of the Code; and
b: gives reasons for the exemption.
2: In section 11(2) to an industry participant or a specified person (as the case may be)
3: In section 11(2)(a) and (b) participant or specified person
4: In section 11(4) identifies the exempt participant or specified person (as the case may be)
5: In section 11(4)(a) participant or specified person
6: In section 11(5) subsection (1)(b) or (4) subsection (1)(b), (1A)
55: Section 16 amended (Functions of Authority)
In section 16(1)(c) industry participants and specified persons
56: Section 32 amended (Content of Code)
Replace section 32(6)
6: In this section, pricing methodologies section 52C
57: Section 46 amended (Authority’s monitoring, investigation, enforcement, and review powers)
1: Replace section 46(1)
1: The Authority may exercise the powers in this section,—
a: in relation to an industry participant, only for a purpose described in section 45; and
b: in relation to a specified person, only for a purpose described in section 45(a)(i) or (b).
2: In section 46(2) industry participant or a specified person
3: In section 46(2)(a) participant or specified person
4: After section 46(2)(b)
ba: if a specified person is a natural person, make themselves available for interview (which may be recorded) and to answer truthfully and fully any questions put to them:
5: In section 46(4) industry participant or a specified person
58: Section 47 amended (Power to search)
In section 47(1) and (2) industry participant or a specified person
59: Section 48 amended (Privileges protected)
1: Replace section 48(2)
2: If the Authority requires an industry participant or a specified person to do anything referred to in section 46
2: In section 48(3) or an industry participant or a specified person
60: Section 51 amended (Interim injunctions)
1: In section 51(1)(a) and (b) industry participant or a specified person
2: In section 51(3)(a) and (b) participant or specified person
3: In section 51(4) Authority or any participant Authority, any participant, or any specified person
61: Section 54 amended (Remedial orders for breach of Code)
In section 54 industry participant or a specified person
62: Section 56 amended (Pecuniary penalty orders)
1: In section 56(2)(e) and (f) industry participant or specified person
2: In section 56(2)(h) participant’s participant’s or specified person’s
3: In section 56(2)(i) and (ia) participant or specified person
63: Section 57 amended (Offence to breach certain orders of Rulings Panel)
In section 57 industry participant or specified person
64: Section 63 amended (Appeal on ground of lack of jurisdiction)
In section 63 industry participant or a specified person
65: Section 65 amended (Appeal against certain orders of Rulings Panel)
1: In section 65(1) Authority or an industry participant Authority, an industry participant, or a specified person
2: Replace section 65(3)
3: An industry participant or a specified person may exercise a right of appeal under this section only if the participant or specified person is—
a: an industry participant or a specified person in whose favour or against whom the order of the Rulings Panel is made; or
b: an industry participant or a specified person who joined or was joined as a party to the proceeding that is the subject of the appeal.
66: Section 112 amended (Regulations relating to monitoring, investigating, and enforcing Code)
1: In section 112(1)(a) industry participants or specified persons
2: After section 112(1)(d)
da: prescribing the information that the Authority must or may require from specified persons, and regulating what it must or may do with such information:
3: After section 112(1)(i)
ia: restricting or limiting the amount of liability of, or the amount of any penalty that may be imposed upon, a specified person: Consequential amendments to Electricity Industry (Enforcement) Regulations 2010
67: Principal regulations
Sections 68 to 84 Electricity Industry (Enforcement) Regulations 2010 2025-03-30 Electricity Industry (Enforcement) Regulations 2010
68: Regulation 8 amended (Mandatory reporting of other breaches)
1: In regulation 8(1) another industry participant or a specified person
2: In regulation 8(2)(a) industry participant or specified person
69: Regulation 9 replaced (Voluntary reporting of breaches)
Replace regulation 9
9: Voluntary reporting of breaches
Any person other than an industry participant who believes on reasonable grounds that an industry participant or a specified person has breached the Code may report the alleged breach to the Authority.
70: Regulation 15 amended (Investigators to keep information confidential)
1: In regulation 15(2) industry participant or a specified person
2: In regulation 15(2) the participant or specified person
71: Regulation 16 amended (Notification to industry participant allegedly in breach)
1: In the heading to regulation 16 industry participant party
2: In regulation 16(1) industry participant or specified person
72: Regulation 18 amended (Parties to investigation)
In regulation 18(a) industry participant or specified person
73: Regulation 19 amended (Content of reports by investigators to Authority)
1: In regulation 19(1)(a) industry participant or a specified person
2: In regulation 19(3)(b), (d), and (e) industry participant or specified person
74: Regulation 21 amended (What happens if industry participant allegedly in breach fails to respond)
1: In the heading to regulation 21 industry participant party
2: In regulation 21(1) industry participant or a specified person
3: In regulation 21(2)(b) industry participant or specified person
75: Regulation 23 amended (What happens if settlement not reached)
In regulation 23(3)(b) industry participant or specified person
76: Regulation 24 amended (What happens if settlement reached)
In regulation 24(1)(b) industry participant or specified person
77: Regulation 31 amended (Industry participant independently laying formal complaint)
In regulation 31(1) another industry participant or a specified person
78: Regulation 32 amended (Parties to complaints)
In regulation 32(a) industry participant or specified person
79: Regulation 34 amended (When hearing must be held)
Replace regulation 34(1)(b)
b: the Rulings Panel considers that a hearing should be held in order to give the Authority, an industry participant, or a specified person the opportunity to be heard.
80: Regulation 36 amended (Hearings public unless Rulings Panel directs otherwise)
1: In regulation 36(2) and (4) the Authority every party to the complaint
2: In regulation 36(3) the Authority any party to the complaint
81: Regulation 40 amended (Rulings Panel may request further information)
In regulation 40(3) Industry participants or specified persons
82: Regulation 45 amended (Industry participants to comply with orders and directions)
1: In the heading to regulation 45 Industry participants or specified persons
2: In regulation 45(1) and (2) industry participant or specified person
83: Regulation 46 amended (Sums to be paid by party are debt due)
1: Replace regulation 46(1)
1: Any sum due to be paid by an industry participant or a specified person under these regulations is a debt due by the industry participant or specified person and is recoverable as such in court.
2: In regulation 46(2) industry participant or a specified person
84: Regulation 117 amended (Rulings Panel may prohibit publication of information)
1: In regulation 117(3)(a) the Authority party to the complaint
2: In regulation 117(3)(b) and (c) industry participant or specified person
8: Amendments to Fair Trading Act 1986
85: Principal Act
This Part amends the Fair Trading Act 1986 2028-03-29 Fair Trading Act 1986 Sections 85 and 86 come into force either by OIC , or on the third anniversary of Royal assent if not already in force. See sections 2(2)(a)(i) and (3)
86: Section 48P amended (Proceedings relating to financial products or financial services)
1: In section 48P(1)(a) sections 9 to 13 , or section 26A or 26B
2: After section 48P(1)
1A: This section also applies if—
a: the Commission is considering applying to the High Court or the District Court under section 46H for a declaration that a term in a standard form consumer contract or standard form small trade contract is an unfair contract term; and
b: the Commission considers that the contract is a contract for the supply of a financial service or the acquisition or disposal of a financial product.
3: In section 48P(2) commencing those proceedings or applying for that declaration
4: In section 48P(3) proceedings commenced by the Commission or any declaration sought by the Commission
5: Replace section 48P(5)
5: The FMA’s consent may relate to—
a: particular conduct or a class of conduct (whether or not the conduct has already occurred); or
b: a particular term in a contract or a class of terms.
6: In section 48P(6) financial product sections 9 to 13 or section 26A or 26B
7: In section 48P(6) financial product
iii: a contract of insurance; and
iv: a DIMS facility
8: In section 48P(6) financial service sections 9 to 13 or section 26A or 26B
9: In section 48P(6) contract of insurance section 7 of the Insurance (Prudential Supervision) Act 2010 DIMS facility section 6(1) of the Financial Markets Conduct Act 2013
9: Amendments to Financial Markets Conduct Act 2013
87: Principal Act
This Part amends the Financial Markets Conduct Act 2013 2025-03-30 Financial Markets Conduct Act 2013 Sections 88, and 95–103 (except for 103(5)) only 2028-03-29 Financial Markets Conduct Act 2013 Sections 89–94, and 103(5) only, see section 2(2)(a)(ii) and (iii). May be brought into force earlier by OIC, otherwise comes into force on the third anniversary of Royal assent see section 2(3).
88: Section 6 amended (Interpretation)
In section 6(1) qualified auditor qualified FMC auditor
89: Section 17 amended (Overview)
1: In section 17(1)(a) sections 19 to 33 sections 19 to 32
2: After section 17(1)(a)
aa: section 32A
90: Section 18 amended (Interpretation in this Part)
In section 18 financial product
iii: a contract of insurance; and
iv: a DIMS facility
91: New section 32A inserted (Unfair contract terms in FMC standard form contracts)
After section 32
32A: Unfair contract terms in FMC standard form contracts
1: If a court has declared under section 46I of the Fair Trading Act 1986 (applied by subsection (3)
a: include the unfair contract term in an FMC standard form contract (unless the term is included in a way that complies with the terms (if any) of the decision of the court); or
b: apply, enforce, or rely on the unfair contract term in an FMC standard form contract.
2: In this section,— FMC consumer contract section 2(1) of the Fair Trading Act 1986 FMC small trade contract section 26C of the Fair Trading Act 1986 FMC standard form contract section 46I of the Fair Trading Act 1986 see subsection (3) unfair contract term see subsection (3)
3: For the purposes of this section, sections 46H to 46M of the Fair Trading Act 1986
92: New cross-heading above section 33 inserted
Before section 33 Territorial scope
93: Section 33 amended (Territorial scope of sections 19 to 23)
1: In the heading to section 33 of sections 19 to 23
2: In section 33(1) Sections 19 to 23 and 32A
94: Section 38 amended (Civil liability for certain contraventions of this Part)
1: In section 38(1) Sections 19 to 23, 32A
2: In section 38(2) sections 19 to 23 or 32A
95: Section 73 amended (Replacement PDS)
Replace section 73(3)
3: The replacement PDS must be dated not later than the date on which it is lodged with the Registrar.
96: Section 134 amended (Changes to registration as particular type of registered scheme)
After section 134(2)
2A: In addition, the FMA must not direct removal under subsection (1) in the prescribed circumstances.
2B: Before making a recommendation for regulations for the purposes of subsection (2A)
97: Section 195 amended (Cancellation of registration)
After section 195(2)
2A: In addition, the FMA must not direct cancellation under subsection (1) in the prescribed circumstances.
2B: Before making a recommendation for regulations for the purposes of subsection (2A)
98: Section 218 amended (Audit or review of registers)
In section 218(1) qualified auditor qualified FMC auditor
99: Section 461A amended (Financial statements for registered schemes and funds)
After section 461A(4)
5: This section does not apply in relation to a registered scheme and an accounting period if—
a: the scheme was established during the accounting period; and
b: no interests in the scheme were issued during the accounting period; and
c: as at the balance date of the scheme, there are no liabilities in respect of the scheme.
100: Section 461D amended (Financial statements must be audited)
In section 461D qualified auditor qualified FMC auditor
101: Section 461E amended (Meaning of qualified auditor)
1: In the heading to section 461E qualified auditor qualified FMC auditor
2: In section 461E(1) qualified auditor qualified FMC auditor
3: In section 461E(3), (4), and (5) qualified auditor qualified FMC auditor
102: Section 462 amended (When FMA may make stop orders)
1: After section 462(1)(h)
i: 1 or more of the prescribed grounds apply.
2: After section 462(2)
3: Before making a recommendation for regulations for the purposes of subsection (1)(i)
103: Schedule 4 amended
1: In Schedule 4, clause 1(1)
i: Part 9
2: In Schedule 4, clause 1(1) subsection (1)
3: In Schedule 4, after clause 89
89A: Complaints about financial adviser conduct under former code of conduct
1: This clause applies to a complaint that is made on or after the commencement of this clause if—
a: the complaint is about—
i: the conduct of a person ( A
ii: a breach of code standard 13 of the former code (to the extent continued by clause 41 of Schedule 1 of the FMC Regulations (as in force immediately before its revocation)) by a person to whom that clause applied ( A
b: the conduct or the breach is not the subject of a proceeding to which clause 89 applies; and
c: the complaint is initiated by the FMA or is made by any other person.
2: The FMA and the disciplinary committee established under clause 49 of Schedule 5 may deal with the complaint under Part 5 of Schedule 5.
3: However, the disciplinary committee—
a: may only do any 1 or more of the actions referred to in section 101(3)(d) and (f) to (h) of the Financial Advisers Act 2008 (as in force immediately before its repeal); and
b: may only do 1 or more of those actions if it is satisfied that A breached the code of professional conduct in force under section 94 of the Financial Advisers Act 2008 (or as continued in effect under clause 41 of Schedule 1 of the FMC Regulations (as in force immediately before its revocation)).
4: In this clause,— FMC Regulations former code
4: In Schedule 4
a: insert the Part set out in Schedule 4
b: make all necessary consequential amendments.
5: In Schedule 4, after clause 100 subsection (4)
101: Unfair contract terms in existing standard form contracts
1: The prohibitions in section 32A
a: a contract entered into before the commencement date and not varied or renewed on or after that date:
b: a relevant insurance agreement.
2: If a contract entered into before the commencement date is varied or renewed on or after that date and is not a relevant insurance agreement, the contract (as varied or renewed) must be treated as a new contract entered into on the date of the variation or renewal for the purposes of section 32A
3: In this clause,— commencement date section 32A relevant insurance agreement
a: a contract of insurance (as defined in section 7 of the Insurance (Prudential Supervision) Act 2010
b: a new contract that has the effect of operating as a renewal of a contract described in paragraph (a)
104: Financial Markets Conduct (Conduct of Institutions) Amendment Regulations 2023 amended
Section 105 Financial Markets Conduct (Conduct of Institutions) Amendment Regulations 2023 2028-03-29 Financial Markets Conduct (Conduct of Institutions) Amendment Regulations 2023 sections 104 and 105 come into force either by OIC or on the third anniversary of Royal assent if not already in force see section 2(2)(a)(iv)
105: Regulation 4 revoked (New regulation 14A inserted (Financial product includes contract of insurance))
Revoke regulation 4
106: Other legislation amended
1: Amend the Acts specified in Part 1
2: Amend the secondary legislation specified in Part 2 2025-03-30 Auditor Regulation Act 2011 Financial Markets Authority Act 2011 section 106(1) 2025-03-30 Financial Markets Conduct (Communal Facilities in Real Property Developments) Exemption Notice 2021 Financial Markets Conduct (Employee Share Purchase Scheme Shares Offered under Securities Act 1978) Exemption Notice 2021 Financial Markets Conduct (Equine Bloodstock) Exemption Notice 2021 Financial Markets Conduct (Irrigation Companies) Exemption Notice 2022 Financial Markets Conduct (Multiple-participant Schemes—Participation Agreements) Exemption Notice 2022 Financial Markets Conduct Regulations 2014 Financial Markets Conduct (Securities Offered under Securities Act 1978 Exemptions Recognising Overseas Regimes) Exemption Notice 2021 Financial Markets Conduct (Small Co-operatives) Exemption Notice 2022 Financial Markets Conduct (Unlisted Market) Regulations 2015 section 106(2)
10: Amendments to Financial Reporting Act 2013
107: Principal Act
This Part amends the Financial Reporting Act 2013 2025-09-30 Financial Reporting Act 2013 This part comes into force 6 months after Royal assent, see section 2(2)(b)
108: Section 45 amended (Meaning of large)
1: After section 45(2)
2A: In addition,—
a: an entity (other than an overseas company or a subsidiary of an overseas company) is large
b: an overseas company or a subsidiary of an overseas company is large
2: In section 45(3) and (2) to (2A)
109: Section 46 amended (Meaning of specified not-for-profit entity)
In section 46 total operating payments of the entity and all entities it controls (if any)
110: Section 47 amended (Financial reporting standards must be complied with)
In section 47 operating payments or control
111: Schedule amended
In the Schedule
a: insert the Part set out in Schedule 6
b: make all necessary consequential amendments.
11: Amendments to Financial Service Providers (Registration and Dispute Resolution) Act 2008
112: Principal Act
This Part amends the Financial Service Providers (Registration and Dispute Resolution) Act 2008 2025-03-30 Financial Service Providers (Registration and Dispute Resolution) Act 2008
113: Section 29 amended (Registrar must amend register in certain circumstances)
After section 29(ca)
cb: the Registrar is satisfied at any time that the amendment is necessary or desirable for the purpose of ensuring that the register is consistent with the information on the New Zealand Business Number Register established under the New Zealand Business Number Act 2016; or
114: Section 34 amended (Sharing information with other persons or bodies)
After section 34(4)(da)
db: the Registrar of New Zealand Business Numbers appointed under the New Zealand Business Number Act 2016:
12: Amendments to Friendly Societies and Credit Unions Act 1982
115: Principal Act
This Part amends the Friendly Societies and Credit Unions Act 1982 2025-03-30 Friendly Societies and Credit Unions Act 1982
116: Section 11 amended (Societies which may be registered)
After section 11(3A)
3B: No society or branch may be registered under this Part unless it has at least 1 officer who lives in—
a: New Zealand; or
b: an enforcement country (within the meaning of section 2(1) of the Companies Act 1993) and is a director or an officer of a body corporate that is incorporated in an enforcement country.
117: Section 70 amended (Annual return)
In section 70(1) within 3 months after the close of the financial year of the society or branch within 4 months after the balance date of the society or branch
118: Section 100B amended (Incorporation of credit union)
After section 100B(1)(f)
g: that the credit union has at least 1 officer who lives in—
i: New Zealand; or
ii: an enforcement country (within the meaning of section 2(1) of the Companies Act 1993) and is a director or an officer of a body corporate that is incorporated in an enforcement country.
119: Section 140 amended (Removal from register)
Replace section 140(2)(d)
d: if a liquidator sends or delivers to the Registrar the documents referred to in section 257(1)(a) of the Companies Act 1993 (as applied by section 137A or 138 of this Act).
120: Section 140A amended (Notice of intention to remove from register)
Replace section 140A(1)(a)
a: the Registrar has given notice to the public and all other prescribed persons (if any) of the Registrar’s intention to remove the credit union from the register in the prescribed manner and containing the prescribed information; and
13: Amendments to Heavy Engineering Research Levy Act 1978
121: Principal Act
This Part amends the Heavy Engineering Research Levy Act 1978 2025-03-30 Heavy Engineering Research Levy Act 1978 This Part except for section 132 2025-06-30 Heavy Engineering Research Levy Act 1978 Section 132 only, see section 2(2)(c)
122: Section 2 amended (Interpretation)
In section 2 Customs the Customs Customs section 5(1) of the Customs and Excise Act 2018
123: Section 6 amended (Recovery and collection)
1: In section 6(3) by the Customs by Customs
2: In section 6(3) to the Customs to Customs
124: Section 8 amended (Powers of Customs)
1: In section 8(1) of the Customs of Customs
2: In section 8(2) by the Customs by Customs
125: Section 9 amended (All research levies collected to be paid to Association)
In section 9 the Customs Customs
126: Section 10 amended (Crown may be reimbursed for collection of research levies)
1: In section 10 the Customs Customs
2: In section 10 by him
127: Section 11 amended (Refunds)
1: In section 11(1) the Customs Customs
2: In section 11(1) the Customs’ Customs’
3: In section 11(3) he the Minister
128: Section 13 amended (Membership of Association)
1: In section 13(1) his making making a
2: In section 13(2) his fulfilling his fulfilling their
129: Section 15 amended (Copy of accounts to be sent to Minister and members)
In section 15(2) its receipt by him, lay before Parliament a copy of the report sent to him under subsection (1) receiving the report, present a copy of it to the House of Representatives
130: Section 16 amended (Copy of rules to be sent to Minister)
In section 16 him the Minister
131: Section 18 amended (Offences and penalties)
1: In section 18(2)(a) his their
2: In section 18(2)(b) him them
3: In section 18(3) he that person
132: Schedule 2 amended
In Schedule 2 The following table is small in size and has 6 columns. This table amends Schedule 2 of the Heavy Engineering Research Levy Act 1978 and should be read with that table to provide understanding of the context. 73.08 Structures (excluding prefabricated buildings of heading 94.06) and parts of structures (for example, bridges and bridge-sections, lock-gates, towers, lattice masts, roofs, roofing frame-works, doors and windows and their frames and thresholds for doors, shutters, balustrades, pillars and columns), of iron or steel; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures, of iron or steel: 7308.10.00 00H – Bridges and bridge-sections – Other 7308.90.90 – – Other 10C . . . Channels, joists, girders, beams and columns 15D . . . Tubes and the like, prepared for use in structures 29D . . . Other
14: Amendments to Industrial and Provident Societies Act 1908
133: Principal Act
This Part amends the Industrial and Provident Societies Act 1908 2025-03-30 Industrial and Provident Societies Act 1908
134: Section 3D replaced (Registers to be kept)
Replace section 3D
3D: Register to be kept
1: The Registrar must keep a register of all matters required by this Act to be recorded by the Registrar.
2: The register may be kept in any manner that the Registrar considers appropriate, including wholly or partly by means of a device or facility—
a: that records or stores information electronically or by other means; and
b: that permits the information so recorded or stored to be readily inspected or reproduced in usable form.
135: Section 6 amended (Cancelling and suspension of registry)
1: In section 6(a)(ii) with the approval of the Governor-General,
2: In section 6(a)(ii) illegal purpose, or has wilfully, and illegal purpose or has,
3: In section 6(b) , with the approval of the Governor-General,
4: In section 6(c) and in some newspaper circulating in the city, town, or place in which the registered office of the society is situated and on an internet site maintained by or on behalf of the Registrar
136: Section 7 amended (Rules and amendments)
1: In section 7(1)(b) a copy of the same a copy of the rules (as amended)
2: After section 7(1)(b)
ba: if the Registrar is satisfied that amendment of the rule does not contravene this Act, the Registrar must register the amendment:
3: Repeal section 7(1)(d) and (e)
137: New sections 7A and 7B inserted
After section 7
7A: Amendments to register
The Registrar may make any amendments to the register that are necessary—
a: to reflect any changes in the information that relates to a society; or
b: to change or correct the register if the Registrar is satisfied that any information—
i: has been wrongly entered in, or omitted from, the register; or
ii: has been incorrectly entered in the register; or
iii: contains a typographical error or a mistake; or
c: to comply with any court order.
7B: Alteration of entries on register without application
1: This section applies if—
a: a society has provided information about the society to the Registrar in addition to the information the society is required to provide under this Act or regulations made under it (regardless of whether the information was provided before or after the commencement of this section or is accessible by the public on the register); and
b: that information is updated in the New Zealand Business Number Register.
2: The Registrar may update the information provided and, if applicable, the register, so that the information is consistent with the information in the New Zealand Business Number Register.
15: Amendments to Motor Vehicle Sales Act 2003
138: Principal Act
This Part amends the Motor Vehicle Sales Act 2003 2028-03-29 Motor Vehicle Sales Act 2003 This Part comes into force either by OIC or on the third anniversary of Royal assent if not already in force see section 2(2)(a)(v)
139: New section 5A inserted (Transitional, savings, and related provisions)
After section 5
5A: Transitional, savings, and related provisions
The transitional, savings, and related provisions set out in Schedule 1AA
140: Section 31 amended (Application: general)
1: In section 31(1) and must be signed,—
2: Repeal section 31(1)(a) and (b)
141: Section 32 amended (Content of application)
1: After section 32(1)(a)(i)
ia: evidence that satisfies the Registrar of the identity of that person (for example, a certified copy of that person’s driver licence or passport); and
2: After section 32(1)(b)(iii)
iiia: evidence that satisfies the Registrar of the identity of each person concerned in the management of the company (for example, a certified copy of each person’s driver licence or passport); and
3: After section 32(1)
1A: For the purposes of subsection (1), full name
4: Replace section 32(2)(a)(ii)
ii: must include the applicant’s email address; and
5: Replace section 32(2)(a)(iii)
iii: must not be that of a Post Office box or a document exchange; and
142: Section 39 amended (Renewal of registration)
1: After section 39(1A)(c)
ca: include the applicant’s New Zealand Transport Agency customer number; and
2: After section 39(3)
4: In this section, New Zealand Transport Agency customer number section 93 of the Land Transport Management Act 2003
143: Section 40A amended (Obligation to notify Registrar if new person concerned in management of company)
1: In section 40A(2) 30 working days 20 working days
2: Replace section 40A(3)(a)
a: set out the full name, residential address, email address, date of birth, and occupation of the new person; and
3: After section 40A(3)(a)
aa: include evidence that satisfies the Registrar of the identity of the new person (for example, a certified copy of that person’s driver licence or passport); and
4: After section 40A(3)
3A: For the purposes of subsection (3), full name
144: Section 54 amended (Contents of register)
In section 54(a) and (b)(iv) date of birth,
145: Section 57 amended (Search criteria)
1: After section 57(a)(iii)
iv: the email address of the motor vehicle trader:
2: After section 57(b)(vii)
viii: the email address of a person concerned in the management of the company:
146: Section 75 amended (Contents of list)
1: In section 75(a) last known residential address, last known email address,
2: In section 75(b)(iv) residential address last known residential address, last known email address
147: Section 79 amended (Search criteria)
1: After section 79(a)(iv)
v: the last known email address of the person:
2: In section 79(b)(vi) and (vii) residential address last known residential address
3: After section 79(b)(viii)
ix: the last known email address of a person concerned in the management of the company:
148: Section 142 amended (Service of notices)
1: In section 142(1)(a)(ii) sent by fax or email to the person’s fax number or email address, as the case may be sent by email to the person’s email address
2: After section 142(1)(b)(ii)
iia: sent by email to the person’s email address; or
3: In section 142(2) a fax number or
4: After section 142(5)
6: Subsection (1)(b)(iia)
7: This section does not apply to a witness summons issued under clause 9D of Schedule 1.
149: New Schedule 1AA inserted
Insert the Schedule 1AA set out in Schedule 7
16: Amendments to New Zealand Institute of Chartered Accountants Act 1996
150: Principal Act
This Part amends the New Zealand Institute of Chartered Accountants Act 1996 2025-03-30 New Zealand Institute of Chartered Accountants Act 1996
151: Section 2 amended (Interpretation)
In section 2 Registrar Registrar
17: Amendments to Partnership Law Act 2019
152: Principal Act
This Part amends the Partnership Law Act 2019 2025-03-30 Partnership Law Act 2019
153: Section 47 amended (Entitlement to interest)
1: In section 47(1) at the rate of 5% per year
2: After section 47(1)
1A: The interest must be calculated in accordance with Schedule 2 of the Interest on Money Claims Act 2016.
154: Section 79 amended (Right of outgoing partner or partner’s estate to share profits or obtain interest)
1: Replace section 79(2)(b)
b: interest on the amount of A’s share of the partnership assets.
2: After section 79(2)
2A: The interest—
a: is payable from the date of dissolution of the partnership; and
b: must be calculated in accordance with Schedule 2 of the Interest on Money Claims Act 2016.
155: Schedule 1 amended
In Schedule 1
a: insert the Part set out in Schedule 8
b: make all necessary consequential amendments.
18: Amendments to Personal Property Securities Act 1999
156: Principal Act
This Part amends the Personal Property Securities Act 1999 2025-03-30 Personal Property Securities Act 1999
157: Section 170 amended (Removal of data from register)
After section 170(1)(c)
d: in accordance with section 170B
158: New section 170B inserted (Registrar must remove registration for failure to pay prescribed fee)
After section 170A
170B: Registrar must remove registration for failure to pay prescribed fee
1: This section applies if—
a: a person has registered a financing statement or financing change statement but has failed to pay a prescribed fee in relation to the registration in accordance with the regulations; and
b: the Registrar has given the person a notice requiring them to pay the prescribed fee within 10 working days of the date on which the notice is given; and
c: the person has failed to pay the prescribed fee within that 10-working-day period.
2: The Registrar must remove data from the register in respect of the registration.
3: If the Registrar acts under subsection (2)
a: the financing statement or financing change statement must be treated as if it had not been registered; and
b: the registration must be treated as having not come into force.
19: Amendments to Plant Variety Rights Act 2022
159: Principal Act
This Part amends the Plant Variety Rights Act 2022 2025-07-30 Plant Variety Rights Act 2022 This Part comes into force 4 months after Royal assent, see section 2(2)(d)
160: Schedule 1 amended
1: In Schedule 1, before clause 1
1: Provisions relating to this Act as enacted
2: In Schedule 1, clause 1(6) clause 8 clauses 8 and 10
3: In Schedule 1
a: insert the Part set out in Schedule 9
b: make all necessary consequential amendments.
20: Amendments to Standards and Accreditation Act 2015
161: Principal Act
This Part amends the Standards and Accreditation Act 2015 2025-03-30 Standards and Accreditation Act 2015
162: Section 7 amended (Functions of NZ Standards Executive)
Replace section 7(1)(i)(i)
i: proposals for persons to be appointed or removed as members of standards development committees or other development committees:
163: Section 12 amended (Functions of Board)
1: In section 12(1)(a), (b), and (c) for persons to be appointed or removed as
2: In section 12(3) approve members, standards, or modification of standards approve the appointment or removal of members or chairpersons or declines to approve standards or modification of standards
164: Section 16 amended (Membership of standards development committees)
1: In section 16(4) The NZ Standards Executive may , by written notice to the relevant member,
2: After section 16(5)
6: The NZ Standards Executive must give a copy of a notice—
a: appointing a person as a member of a standards development committee to the chairperson as soon as practicable after giving the notice to the relevant member; and
b: appointing a member of a standards development committee as the chairperson to the other members of the committee as soon as practicable after giving the notice to the relevant member.
165: New sections 24A to 24F inserted
After section 24
24A: Removal of members of standards development committees
1: The NZ Standards Executive may, at any time for just cause, with the approval of the Board, remove a person from membership of a standards development committee by giving written notice to the member.
2: The notice must—
a: state the date on which the removal takes effect, which must not be earlier than the date on which the notice is received; and
b: state the reasons for the removal.
3: The NZ Standards Executive must give a copy of the notice—
a: to the chairperson of the committee as soon as practicable after giving the notice to the relevant member; or
b: if the relevant member is the chairperson, to the other members of the committee as soon as practicable after giving the notice to the relevant member. 2021 No 31 s 37
24B: Just cause for removal of members
1: In section 24A just cause
a: misconduct, inability to perform the functions of the committee, neglect of duty, and breach of any of the duties of members; and
b: obstructing, hindering, or preventing the committee from performing its functions under this Act.
2: Subsection (1)(b) subsection (1)(a) 2021 No 31 s 38
24C: Process for removal of members
The NZ Standards Executive may remove a member with as little formality and technicality, and as much expedition, as is permitted by—
a: the principles of natural justice; and
b: a proper consideration of the matter. 2021 No 31 s 39
24D: No compensation for member’s loss of office
A member of a standards development committee is not entitled to any compensation or other payment or benefit relating to their ceasing, for any reason, to hold office as a member. 2021 No 31 s 40
24E: Resignation of members
1: A member of a standards development committee may resign from the committee by written notice to the chairperson, or, if the member is the chairperson, to the NZ Standards Executive.
2: The resignation is effective when the notice is received by the chairperson or the NZ Standards Executive (as the case may be) or at any later time specified in the notice. 2021 No 31 s 41
24F: Members ceasing to hold office
A member of a standards development committee ceases to hold office if the member—
a: dies; or
b: resigns in accordance with section 24E
c: is removed from office in accordance with section 24A
d: otherwise ceases to hold office in accordance with any legislation. 2021 No 31 s 42
166: Section 25 amended (Membership of other development committees)
1: In section 25(3) The NZ Standards Executive may recommend The NZ Standards Executive may, by written notice, appoint
2: After section 25(3)
4: The NZ Standards Executive must give a copy of a notice appointing a person as a member of a development committee of a standards organisation other than the NZ Standards Organisation to the chairperson (or equivalent) as soon as practicable after giving the notice to the relevant member.
167: New sections 25A and 25B inserted
After section 25
25A: Removal of members of other development committees
1: The NZ Standards Executive may, at any time for just cause, with the approval of the Board, remove a person who was appointed to a development committee of a standards organisation under section 25
2: The notice must—
a: state the date on which the removal takes effect, which must not be earlier than the date on which the notice was received; and
b: state the reasons for the removal.
3: The NZ Standards Executive must give a copy of the notice—
a: to the chairperson (or equivalent) as soon as practicable after giving the notice to the relevant member; or
b: if the relevant member is the chairperson (or equivalent), to a representative of the standards organisation with which the relevant committee is associated as soon as practicable after giving the notice to the relevant member.
25B: Application of sections 24B to 24F
Sections 24B to 24F
a: a standards development committee, or a committee, were references to a development committee of a standards organisation (other than the NZ Standards Organisation); and
b: the chairperson were references to the chairperson (or equivalent) of a development committee of a standards organisation (other than the NZ Standards Organisation).
21: Amendments to Takeovers Act 1993
168: Principal Act
This Part amends the Takeovers Act 1993 2025-03-30 Takeovers Act 1993
169: Section 2A amended (Meaning of code company)
1: In section 2A(1)(c)(i) and 50 or more share parcels
2: After section 2A(1)
2: If a financial product that confers a voting right is held jointly by 2 or more persons, those persons must be treated as a single shareholder for the purposes of counting the number of shareholders under subsection (1)(c)(i).
170: Schedule 1AA amended
In Schedule 1AA
a: insert the Part set out in Schedule 10
b: make all necessary consequential amendments.
171: Amendments to Takeovers Code
Sections 172 173 Schedule 2025-03-30 Takeovers Regulations 2000
172: Rule 3 amended (Interpretation)
In rule 3(1) code company
173: Rules 3A and 3AB replaced
Replace rules 3A 3AB
3A: Period specified for purposes of definition of code company
For the purposes of section 2A(1)(b) of the Act, the period is the period of 12 months before a date or the occurrence of an event referred to in this code.
22: Amendments to Telecommunications Act 2001
174: Principal Act
This Part amends the Telecommunications Act 2001 2025-03-30 Telecommunications Act 2001
175: Section 69XA amended (Interpretation)
In section 69XA local access and calling service
176: Section 69XB amended (Requirements for undertakings by Chorus relating to supply of certain wholesale telecommunications services)
Repeal section 69XB(i)
177: Section 155H amended (How long statutory rights of access apply for)
Replace section 155H(a)
a: in relation to FTTP service providers and network operators installing fibre optic media, for the period that—
i: starts on the day after Royal assent of the Regulatory Systems (Economic Development) Amendment Act 2025; and
ii: ends on the day that is the third anniversary of Royal assent of that Act; and
178: Section 155ZD amended (Ongoing rights of access)
1: In section 155ZD(1)(a) at any time before or after 1 January 2025,
2: In section 155ZD(1)(b) at any time before 1 January 2025 for the period described in subsection (1A)
3: After section 155ZD(1)
1A: For the purposes of subsection (1)(b), the period—
a: starts on the day after Royal assent of the Regulatory Systems (Economic Development) Amendment Act 2025; and
b: ends on the day that is the third anniversary of Royal assent of that Act.
179: Section 155ZH amended (FTTP service providers and network operators exercising statutory access rights must be members of dispute resolution scheme)
In section 155ZH(1)(a) 1 January 2026 the day that is the fourth anniversary of Royal assent of the Regulatory Systems (Economic Development) Amendment Act 2025
180: Schedule 1AA amended
In Schedule 1AA
a: insert the Part set out in Schedule 11
b: make all necessary consequential amendments.
181: Schedule 1 amended
In Schedule 1, clause 1 fixed telecommunications network
23: Amendments to Trade Marks Act 2002
182: Principal Act
This Part amends the Trade Marks Act 2002 2025-03-30 Trade Marks Act 2002
183: Section 199 amended (Regulations)
1: In the heading above section 199(1)(e) Importation or exportation
2: In section 199(1)(e) importation or exportation
24: Amendments to Weights and Measures Act 1987
184: Principal Act
This Part amends the Weights and Measures Act 1987 2025-03-30 Weights and Measures Act 1987
185: Section 15A amended (Weighing and measuring of goods sold by retail)
After section 15A(4)(b)
c: if the goods are being weighed or measured by the seller, using a weighing or measuring instrument that is situated where the seller can easily see that instrument, any necessary weights or measures, and the recorded or indicated weight or measurement of the goods.
186: Section 30C amended (Duration and renewal of accreditation)
Replace section 30C(5)
5: Subsection (6)
a: an application for the renewal of a letter of accreditation is made no later than 3 months before the letter of accreditation expires; and
b: the application is not dealt with before the letter of accreditation expires.
6: The letter of accreditation continues in force until the application is dealt with by the Secretary.