Topic

Buying and selling homes

This page contains different parts of laws about Buying and selling homes.

Building Societies Act 1965

Keeping track of building groups and their important papers

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Building Societies Act 1965

List of all building societies in New Zealand that anyone can look at

121A: Register of building societies

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Building Societies Act 1965

Registrar can ask for changes to documents before adding them to building society records

121C: Registrar may require document to be registrable or otherwise comply before registration

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Building Societies Act 1965

How the government saves important building society papers

121D: When documents are registered

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Building Societies Act 1965

Registrar can fix or update the list of building societies

121E: Alterations to register

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Building Societies Act 1965

You can check information about building societies

121F: Inspection of register

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Building Societies Act 1965

Getting official copies of building society records

121G: Obtaining certified copy or extract from register

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Income Tax Act 2007

Rules for selling or buying a partner's share in property that loses value over time

HG 7: Disposal of depreciable property

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Income Tax Act 2007

Tax on land sold within 10 years of improvements by a house-building business

CB 11: Disposal within 10 years of improvement: building business

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Income Tax Act 2007

Rules for selling or gifting land to people you're connected with

CB 15: Transactions between associated persons

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Income Tax Act 2007

Exemption from tax when selling your main home

CB 16: Residential exclusion from sections CB 6 to CB 11

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Income Tax Act 2007

Exemption for selling land bought for personal living to another person for the same purpose

CB 18: Residential exclusion from section CB 14

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Income Tax Act 2007

Tax exemption rules for interest on some farm mortgages

CW 6: Payments of interest: farm mortgages

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Income Tax Act 2007

Getting money back when repaying certain loans linked to grants

DF 2: Repayment of grant-related suspensory loans

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Income Tax Act 2007

Rules for partners selling property before 16 December 1991

DZ 6: Partnership interests and disposal of part of asset before 16 December 1991

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Income Tax Act 2007

Definitions for calculating property value loss over time

EE 67: Other definitions

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Income Tax Act 2007

Landlords must pay remaining spread-out income when selling land early

EI 6: Amount paid for non-compliance: when lessor ceases to own land

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Income Tax Act 2007

What happens if a seller gets back property from an ended hire purchase agreement

FA 15: Treatment when agreement ends: seller acquiring property

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Income Tax Act 2007

Land transferred in relationship property settlements

FB 3: Land acquired for certain purposes or under certain conditions

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Income Tax Act 2007

Tax rules for transferring land in development as part of relationship property

FB 4: Land under scheme for major development or division

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Income Tax Act 2007

Rules for giving away or losing land to someone who isn't family or a close friend

FB 5: Disposal of land

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Income Tax Act 2007

Rules for transferring land with valuable timber during relationship property settlements

FB 7: Land with standing timber

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Income Tax Act 2007

Property transfers are treated as sales at market value, with some exceptions

FC 2: Transfer at market value

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Income Tax Act 2007

Property given to partners after someone dies

FC 3: Property transferred to spouse, civil union partner, or de facto partner

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Income Tax Act 2007

Rules for tax on inherited land from close relatives

FC 5: Land transferred to close relatives

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Income Tax Act 2007

Rules for land transfers when companies merge or amalgamate

FO 17: Land

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Income Tax Act 2007

Property settled on a trust, excluding certain types

HC 4: Corpus of trust

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Income Tax Act 2007

Explanation of a special home loan guaranteed by Housing New Zealand before August 1982

LZ 8: Meaning of home vendor mortgage

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Income Tax Act 2007

Special home ownership savings accounts are no longer recognised

LZ 9: Savings in special home ownership accounts

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Income Tax Act 2007

Rules for selling part or all of a specific piece of land, or selling it with other land

CB 23B: Land partially disposed of or disposed of with other land

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Local Government Act 2002

Getting your money or land back if you cancel your building project

209: Refund of money and return of land if development does not proceed

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Fencing Act 1978

How to make sure fencing agreements stay with the land when it's sold

5: Fencing covenants and agreements registrable

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Fencing Act 1978

How to make a promise about fences when buying land

7: Creation of fencing covenants

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Resource Management Act 1991

The government can say no to splitting up land if it might be dangerous or hard to get to.

106: Consent authority may refuse subdivision consent in certain circumstances

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Resource Management Act 1991

The Environment Court can tell someone to buy your land if it's needed for a special project

185: Environment Court may order taking of land

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Resource Management Act 1991

Rules for dividing land and making new land from water

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Resource Management Act 1991

This law explains how land can be split up into smaller pieces, like dividing a big cake into slices.

218: Meaning of subdivision of land

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Resource Management Act 1991

A survey plan can only be deposited if it meets specific legal requirements and has proper approvals.

224: Restrictions upon deposit of survey plan

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Resource Management Act 1991

You can agree to sell land or a building before the survey plan is officially registered, but there are rules to protect buyers.

225: Agreement to sell land or building before deposit of plan

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Resource Management Act 1991

Rules for creating official property records when land is divided into smaller pieces

226: Restrictions upon issue of certificates of title for subdivision

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Resource Management Act 1991

When land is divided up, special areas near water become public land for everyone to enjoy.

231: Esplanade reserves to vest on subdivision

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Resource Management Act 1991

Rules for checking and approving maps that show special areas along the water's edge

237: Approval of survey plans where esplanade reserve or esplanade strips required

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Resource Management Act 1991

The law says you need special permission to change or remove certain rights to use someone else's land when splitting up property.

243: Survey plan approved subject to grant or reservation of easements

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Resource Management Act 1991

Rules about special types of property agreements

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Resource Management Act 1991

Rules about special types of property sharing between companies and people are no longer used.

244: Company leases and cross leases

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Resource Management Act 1991

Rules about when and how to officially record new land created from the sea

246: Restrictions on deposit of plan of survey for reclamation

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Resource Management Act 1991

Rules about dividing land and building on it

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Resource Management Act 1991

Old rules still apply to subdivisions that were already approved before the new law started

402: Existing subdivision approvals

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Resource Management Act 1991

Rules for splitting land into smaller pieces while old plans are still being used

405: Transitional provisions for subdivisions

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Building Act 2004

When a piece of land is divided into separate parts that can be owned

10: Meaning of allotment

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Building Act 2004

When someone brings a special paper, the person in charge of land records must write a note on the land's official papers.

78: Registrar-General of Land must record entry on record of title when certificate is lodged under section 77

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Building Act 2004

When a note is made on land records, you can't sell or rent parts of the land separately.

79: Effect of entry recorded on record of title

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Building Act 2004

Older loans or debts on land are more important than newer ones when building across different pieces of land.

81: Mortgage or charge has priority over registered instrument

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Building Act 2004

The land office person can ask for a special map to be made if they need to combine different pieces of land.

82: Registrar-General of Land may require preparation of plan

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Building Act 2004

Rules for old notes on land titles now work under the new law

434: Transitional provision for certain entries on certificates of title made under former Act

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Charitable Trusts Act 1957

Property goes to new trustees without extra paperwork

3: Property to vest in trustees or their successors

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Charitable Trusts Act 1957

Property held for a group can be given to new trustees or the group itself

5: Transfer of properties

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Companies Act 1993

Rules for handling company records and property ownership during mergers

225A: Registers

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Building Societies Act 1965

Updating rules for groups that help people save and buy homes

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Building Societies Act 1965

This law's name and when it started

1: Short Title and commencement

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Building Societies Act 1965

People and Rules for Groups that Help You Save Money for a Home

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Building Societies Act 1965

Explaining important words used in the Building Societies Act

2: Interpretation

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Building Societies Act 1965

Government chooses someone to oversee building societies

3: Registrar of Building Societies

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Building Societies Act 1965

Who can help the main Registrar manage building societies

4: Deputy Registrars of Building Societies

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Building Societies Act 1965

The rule about building societies having an official seal was removed

5: Official seal

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Building Societies Act 1965

Building societies don't need to keep special lists anymore

6: Registers to be kept

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Building Societies Act 1965

The Registrar no longer needs to write a yearly report about building societies

7: Annual report by Registrar

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Building Societies Act 1965

This rule about looking at society information is no longer used

8: Information as to societies, and inspection of documents kept by Registrars

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Building Societies Act 1965

How building societies are set up and run: Rules for starting, joining, and managing money clubs

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Building Societies Act 1965

What building societies can do and are allowed to do

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Building Societies Act 1965

This part of the law explaining why people could start a building society has been removed

9: Purpose for which building society may be established

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Building Societies Act 1965

Building societies can help people with money and property

9A: Functions of building societies

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Building Societies Act 1965

Building societies can do many things to help them work, unless their rules say they can't

9B: Powers of building societies

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Building Societies Act 1965

Building societies' actions can't be called wrong just because they weren't allowed to do them

9C: Ultra vires transactions

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Building Societies Act 1965

Registering or filing society documents doesn't mean everyone knows about them

9D: Registration of documents not to constitute constructive notice

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Building Societies Act 1965

Rules for dealing with a building society

9E: Dealings between society and other persons

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Building Societies Act 1965

Dealing with a building society is safe, even if someone has been dishonest

9F: Effect of fraud

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Building Societies Act 1965

Two types of building societies: ongoing and time-limited

10: Permanent and terminating societies

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Building Societies Act 1965

Building societies can get and give back money using shares

11: Power to raise and repay funds

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Building Societies Act 1965

Building societies can't do things with land anymore

12: Powers in relation to land

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Building Societies Act 1965

How building societies are set up and officially recognised

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Building Societies Act 1965

How to start a building society in New Zealand

13: Mode of establishing society

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Building Societies Act 1965

Rules for starting a building society must be checked and approved

14: Registration of rules of society

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Building Societies Act 1965

A building society becomes a separate legal entity when it's officially registered

15: Incorporation of society

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Building Societies Act 1965

You can ask a judge to look at your rules if the Registrar says no

16: Appeal against refusal to register

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Building Societies Act 1965

The rules that a building society must follow

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Building Societies Act 1965

Rules tell you what a building society must do and how it works

17: Contents of rules

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Building Societies Act 1965

Rules of a building society apply to everyone involved and visitors don't need to check if the society follows its own rules

18: Effect of rules

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Building Societies Act 1965

How to change the rules of a society

19: Alteration of rules

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Building Societies Act 1965

You can ask for and get a copy of a society's rules

20: Copies of rules to be supplied on request

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Building Societies Act 1965

What a building society is called

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Building Societies Act 1965

Building societies must have unique names to avoid confusion

21: Restriction on registration of names

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Building Societies Act 1965

Building societies must use their official registered name or face penalties

22: Society to use registered name

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Building Societies Act 1965

Who can be part of a building society

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Building Societies Act 1965

You can join a building society without buying a share

24: Members who are not shareholders

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Building Societies Act 1965

Young people can join building societies but have limited rights

25: Members under age of 20

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Building Societies Act 1965

Sharing ownership of building society shares with others

26: Joint shareholders

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Building Societies Act 1965

Members only owe what they agreed to pay for their share or loan

27: Liability of members

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Building Societies Act 1965

This part explaining how to buy shares in certain societies no longer exists

27A: Interpretation

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Building Societies Act 1965

This rule about buying shares in building societies no longer exists

27B: Agreements to purchase shares

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Building Societies Act 1965

A rule about cancelling share purchases was removed

27C: Right of purchaser to cancel agreement

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Building Societies Act 1965

What happens when an agreement to buy shares in a closing building society is cancelled (no longer applies)

27D: Effect of cancellation of agreement

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Building Societies Act 1965

This rule about agreements for buying shares in certain societies no longer exists

27E: No contracting out

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Building Societies Act 1965

The rule about changing a list of building society rules doesn't exist anymore

27F: Schedule 7 may be amended

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Building Societies Act 1965

When a building society can start doing business

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Building Societies Act 1965

Building societies can't start working until they get a special permission paper

28: Business not to be commenced before incorporation

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Building Societies Act 1965

Founding members must buy shares before the society can start

29: Minimum subscription by founding members

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Building Societies Act 1965

When building societies could start advertising (old rule)

30: Commencement of advertising

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Building Societies Act 1965

This rule about starting the process of drawing lots for building society money no longer exists

31: Commencement of balloting for appropriations

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Building Societies Act 1965

Shares and draws that give extra chances to win

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Building Societies Act 1965

Rules for special shares that could win you prizes in a building society

31A: Bonus balloting shares and bonus ballots

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Building Societies Act 1965

Joining or moving responsibilities between building societies

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Building Societies Act 1965

Building societies can join together to become one society

32: Union of societies

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Building Societies Act 1965

How a society can pass on its duties to another society

33: Transfer of engagements

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Building Societies Act 1965

Extra rules for societies joining together or passing on their duties

34: Supplementary provisions as to union and transfer of engagements

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Building Societies Act 1965

How a building society can sell part of what it does

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Building Societies Act 1965

Building societies can sell some of their business, but not all of it

34A: Power to dispose of part of business undertaking

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Building Societies Act 1965

Rules about lending money for houses and how to keep things fair and safe

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Building Societies Act 1965

Helping people buy homes with mortgages (no longer in use)

35: Advances on security of mortgage of land for residential purposes

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Building Societies Act 1965

This rule about money lending in building societies doesn't exist anymore

36: Ordinary limitations on special advances

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Building Societies Act 1965

Old rule about extra mortgage money for building societies no longer exists

37: Permission to exceed limit for special advances

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Building Societies Act 1965

Building societies can't give extra money to people buying houses with existing loans anymore

38: Permission to make special advance to purchaser of mortgaged property

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Building Societies Act 1965

Rules about lending money to people when they use their house as a promise to pay it back

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Building Societies Act 1965

This part used to explain who counts as a member, but it was removed

39: Meaning of member for the purposes of this Part

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Building Societies Act 1965

Old rules about figuring out the worth of loan guarantees no longer exist

40: Valuation of security

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Building Societies Act 1965

Old rule about extra protection for building society loans no longer exists

41: Additional security for advances

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Building Societies Act 1965

Old rule about keeping track of money given out by building societies, no longer used

42: Record of advances

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Building Societies Act 1965

This old rule about building societies getting security from others no longer exists

43: Security taken from third party

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Building Societies Act 1965

This rule about extra money for property sales no longer exists

44: Arrangement for excess advance in connection with sale of property

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Building Societies Act 1965

This rule about building societies giving money to property buyers no longer exists

45: Implied warranty on advance to purchaser, unless notice given to the contrary

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Building Societies Act 1965

This rule about talking about enough security has been removed

46: Representation as to sufficiency of security

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Building Societies Act 1965

Old rules about extra mortgages no longer apply

47: Restrictions on second or subsequent mortgages

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Building Societies Act 1965

Old rule about getting money for life insurance from building societies no longer applies

48: Advance for single premium life policy

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Building Societies Act 1965

Building societies can now pay for mortgage introductions

49: Restriction on commissions for introduction of mortgage business

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Building Societies Act 1965

Rules for selling houses with mortgages (no longer used)

50: Provisions as to sale of mortgaged property

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Building Societies Act 1965

Old rule about lending money based on members' shares no longer exists

51: Limitation on advances on security of members' shares

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Building Societies Act 1965

Rules for lending money without using land or shares as security no longer exist

51A: Advances on security other than mortgage of land or members' shares, or without security

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Building Societies Act 1965

Registrar could ask for expert proof about fair money sharing in building groups

52: Power of Registrar to require actuary's certificate as to appropriations by ballot

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Building Societies Act 1965

How to show a mortgage is paid off (old rule, no longer used)

53: Memorandum of discharge of mortgage

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Building Societies Act 1965

How societies manage extra money and keep important documents safe

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Building Societies Act 1965

Words used in the old rules about building societies' money

54: Interpretation

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Building Societies Act 1965

Old rules about how building societies could use extra money are no longer part of the law

55: Investment and banking of surplus funds

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Building Societies Act 1965

Old rule about societies holding special money has been removed

55A: Societies to hold certain public securities

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Building Societies Act 1965

Rules for building societies on money matters and how they handle people's savings

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Building Societies Act 1965

Building societies can no longer borrow money under this rule

56: Borrowing powers

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Building Societies Act 1965

Building societies can't have savings accounts anymore

57: Restrictions on savings bank deposits

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Building Societies Act 1965

Old rules about special savings accounts for homes and farms no longer apply

57A: Home ownership accounts and farm ownership accounts

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Building Societies Act 1965

Rules about interest on savings no longer apply to building societies

58: Interest on deposits

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Building Societies Act 1965

This rule about borrowing too much money from building societies no longer exists

59: Liability for borrowing in excess of powers

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Building Societies Act 1965

This section about helping other building societies was removed from the law

60: Assistance to other building societies

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Building Societies Act 1965

Old rule about sharing money details with new members was removed

61: New investors and depositors to receive copies of accounts

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Building Societies Act 1965

People under 20 can no longer use special rules for putting money in building societies

62: Depositor under age of 20

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Building Societies Act 1965

Old rule about choosing special building societies for trustees to invest in

63: Designation of societies for investments by trustees

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Building Societies Act 1965

Rules about money: How building societies can save, borrow, and help people buy homes

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Building Societies Act 1965

Building societies can invest their money in different ways

56A: Investment powers

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Building Societies Act 1965

Building societies can borrow money with certain rules

56B: Borrowing powers

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Building Societies Act 1965

Building societies can decide how to protect themselves when they owe money

56C: Power to give security

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Building Societies Act 1965

Special savings accounts for homes and farms at approved building societies

56D: Home ownership accounts and farm ownership accounts

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Building Societies Act 1965

Young people can get money back from building societies

56E: Depositor under age of 20

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Building Societies Act 1965

This rule about choosing special building societies for trustees to invest in doesn't exist anymore

56F: Designation of societies for investments by trustees

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Building Societies Act 1965

How to officially clear a mortgage with a building society

56G: Memorandum of discharge of mortgage

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Building Societies Act 1965

Rules for keeping building societies safe and fair

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Building Societies Act 1965

The rule that let someone stop a building society from borrowing money or selling shares has been removed

64: Power to order suspension of borrowing and subscriptions for shares

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Building Societies Act 1965

How the law used to explain making orders for building societies

65: Procedure to be followed in making order

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Building Societies Act 1965

What happens after the Registrar's decision about a building society

66: Provisions consequential on Registrar's order

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Building Societies Act 1965

This rule about controlling ads for building societies was removed and doesn't exist anymore

67: Power to give directions as to advertising

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Building Societies Act 1965

How the law used to tell people what to do, but it doesn't anymore

68: Procedure to be followed in giving direction

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Building Societies Act 1965

The power to ask for papers and details has been removed

69: Power to require documents and information

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Building Societies Act 1965

Removed rule for special instructions to small building societies

70: Special powers of direction in relation to small societies

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Building Societies Act 1965

Old rules for small building societies no longer apply

71: Supplementary provisions as to small societies

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Building Societies Act 1965

Running a building society: Meetings, money, and solving problems

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Building Societies Act 1965

Where a building society has its main office

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Building Societies Act 1965

Where the society keeps its main address

72: Registered office of society

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Building Societies Act 1965

How to tell the government when your building society moves its main office

73: Change of registered office

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Building Societies Act 1965

List of people who belong to the group

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Building Societies Act 1965

Keep a list of all members' names and addresses at your main office

74: Duty to keep register

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Building Societies Act 1965

You can check the list of people in a building group and get a copy if you want

75: Inspection of register of members

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Building Societies Act 1965

Rules about how people gather and make decisions together

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Building Societies Act 1965

Building societies must have a yearly meeting for members

76: Annual general meeting

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Building Societies Act 1965

How long before a meeting members must be told

77: Length of notice of meetings

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Building Societies Act 1965

Who gets told about society meetings and how

78: Persons entitled to notice of meetings

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Building Societies Act 1965

Someone can act and vote for you at building society meetings

79: Proxies

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Building Societies Act 1965

You can ask for a vote on important matters at building society meetings

80: Right to demand a poll

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Building Societies Act 1965

Special rules for important decisions in a building society

81: Special resolutions

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Building Societies Act 1965

Building societies must tell members about special decisions before meetings

82: Notices of special resolutions

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Building Societies Act 1965

People who are in charge of running the building society

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Building Societies Act 1965

Building societies need at least two people to run them

83: Directors

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Building Societies Act 1965

Building society officers no longer need to provide a deposit or guarantee to do their job

84: Giving of security by officers of society

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Building Societies Act 1965

This rule about how building society officers had to explain their actions was removed

85: Duty of officers to account

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Building Societies Act 1965

Directors must tell others about their business interests

86: Disclosure of interest by directors

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Building Societies Act 1965

Telling officials when important people join or leave a building society

88: Notice of changes in holding of certain offices

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Building Societies Act 1965

How to run the office

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Building Societies Act 1965

How to keep important papers safe in your building society

89: Office management

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Building Societies Act 1965

Records of money and sharing information about finances

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Building Societies Act 1965

Building societies must keep careful records of their money

90: Accounting records must be kept

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Building Societies Act 1965

Building societies must follow rules for reporting their money and sharing the information

91: Financial reporting

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Building Societies Act 1965

Law about shortened money reports for building groups no longer exists

91A: Summary financial statements

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Building Societies Act 1965

Building societies must make money reports twice a year

92: Half-yearly financial statements must be prepared

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Building Societies Act 1965

Old rules for building societies' money reports are no longer used

93: Form and content of financial statements

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Building Societies Act 1965

Punishment for breaking rules about money records is no longer part of this law

94: Offences under sections 90 to 93

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Building Societies Act 1965

Directors must write a report about the society's performance for the yearly meeting

95: Directors' report

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Building Societies Act 1965

Building societies must share their money reports with members before big meetings

96: Distribution of copies of financial statements and reports

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Building Societies Act 1965

Members can get free copies of the society's money reports

97: Depositors and members entitled to be supplied with copy of financial statements

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Building Societies Act 1965

Choosing shorter financial reports is no longer allowed

97B: Election to receive summary financial statements

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Building Societies Act 1965

Choosing people to check your society's money every year

98: Appointment of auditors

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Building Societies Act 1965

How building societies can change their auditors

99: Resolutions as to appointment and removal of auditors

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Building Societies Act 1965

Rules about who can check a society's money and how they get information

100: Qualifications of auditors and access to information

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Building Societies Act 1965

Auditors write reports and can attend big meetings

101: Auditors' report and right to attend meetings

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Building Societies Act 1965

Old rules for group money records in special societies no longer exist

102: Accounts of groups in terminating society

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Building Societies Act 1965

A yearly report that building societies must provide

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Building Societies Act 1965

Building societies must send a yearly report to the Registrar

103: Duty to make annual return

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Building Societies Act 1965

Building societies no longer have to report loans to special people or companies

104: Annual return to disclose loans or other investments to certain officers or companies

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Building Societies Act 1965

Building societies no longer need to provide extra yearly reports on specific dealings

105: Additional annual return of certain transactions

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Building Societies Act 1965

Auditors check and write about the society's yearly report

106: Auditors' report on annual return

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Building Societies Act 1965

People in charge can be held responsible for their actions.

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Building Societies Act 1965

Rules can't protect building society leaders from getting in trouble for their mistakes

107: Officers and auditors not to be exempted from liability

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Building Societies Act 1965

How to solve arguments in building societies

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Building Societies Act 1965

Rules for solving disagreements in a building society

108: General provisions as to disputes

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Building Societies Act 1965

Settling arguments in building societies using outside help

109: Determination of disputes by arbitration

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Building Societies Act 1965

The Registrar used to help solve disagreements, but this rule was removed

110: Determination of disputes by Registrar

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Building Societies Act 1965

Court helps solve building society disagreements

111: Determination of disputes by court

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Building Societies Act 1965

Once a decision is made about a dispute, it's usually final and everyone must follow it

112: Effect of determination

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Building Societies Act 1965

Rules for changing a building society into a company

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Building Societies Act 1965

Building society members can vote to change into a company

113A: Building society may approve scheme for conversion of society into company under Companies Act 1993

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Building Societies Act 1965

High Court can cancel a plan to turn a building society into a company if members ask

113B: Cancellation of approval of scheme for conversion by High Court

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Building Societies Act 1965

Building society needs approval to become a company

113C: Special resolution approving scheme for conversion to be registered by Registrar of Building Societies

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Building Societies Act 1965

Company officer records when a building society becomes a company

113D: Registrar of Companies to register society as company on receipt of certain documents

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Building Societies Act 1965

What happens to a building society's stuff when it becomes a company

113E: Consequential provisions on conversion of society

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Building Societies Act 1965

How changes in rights and duties work when a building society becomes a company

113F: Enforceability of rights and liabilities altered by or arising under scheme for conversion

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Building Societies Act 1965

Members' money at risk stays the same when a building society becomes a company

113G: Liability of members of company

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Building Societies Act 1965

New company from building society can't give out special or prize-winning shares

113H: Prohibition on issue of terminating or bonus balloting shares in company to which society converts

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Building Societies Act 1965

Rules for protecting certain shareholders when a building society becomes a company

113I: Preservation of rights of terminating shareholders

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Building Societies Act 1965

Bonus shares must stay similar when a building society becomes a company

113J: Terms and conditions of bonus balloting securities not to be substantially different from terms and conditions of bonus balloting shares

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Building Societies Act 1965

Rules for prize draws by companies that used to be building societies

113L: Application of Gambling Act 2003 to company ballots

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Building Societies Act 1965

New companies can't start bonus prize accounts

113M: Prohibition on opening of new bonus balloting accounts after conversion date

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Building Societies Act 1965

Building societies can no longer keep their special investment status after changing to companies

113N: Retention of trustee investment status for 5 years from conversion

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Building Societies Act 1965

Companies can still accept special home and farm savings after changing from a building society

113O: Retention of approved status for accepting deposits in home ownership or farm ownership accounts

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Building Societies Act 1965

No more prize draws three years after a building society becomes a company

113P: Prohibition of bonus ballots after expiry of 3 years from conversion date

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Building Societies Act 1965

Rules for changing building societies into companies

113Q: Regulations for purposes of this Part

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Building Societies Act 1965

A building society that becomes a company still has to pay the same taxes and fees

113R: Taxes and duties

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Building Societies Act 1965

Official records don't change when a building society becomes a company

113S: Registers

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Building Societies Act 1965

How building societies can end and close down

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Building Societies Act 1965

How to end a building society by following its rules

114: Dissolution in accordance with rules

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Building Societies Act 1965

Building society can close if most members agree and follow special rules

115: Dissolution by consent

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Building Societies Act 1965

Rules for closing down a building society

116: Provisions as to dissolution under last 2 preceding sections

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Building Societies Act 1965

The rule about closing building societies by the Registrar's decision no longer exists

117: Dissolution on award of Registrar

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Building Societies Act 1965

How a building society can be closed down by someone in charge

118: Dissolution by appointment of liquidator

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Building Societies Act 1965

Members don't have to pay everything back at once when a building society closes

119: Liability of members on dissolution or liquidation

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Building Societies Act 1965

Telling the official record keeper when a building society is closing down

120: Notice of dissolution or liquidation

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Building Societies Act 1965

Rules for ending special societies that are meant to finish at a certain time

121: Provision as to terminating societies

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Building Societies Act 1965

Rules and Responsibilities for Building Societies and the People Who Watch Over Them

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Building Societies Act 1965

Rules about building society ads no longer exist

122: General control of advertisements

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Building Societies Act 1965

The Registrar can check if building societies are following the rules

122A: Powers of inspection of Registrar

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Building Societies Act 1965

Secret inspections: Sometimes the Registrar can keep information about building society checks private

122B: Registrar may refuse to disclose information relating to inspection

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Building Societies Act 1965

You can ask a court to review if you're denied information

122C: Appeals from decisions under section 122B

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Building Societies Act 1965

FMA can ask for a special money report when groups use ballots to share money

122D: Power of FMA to require actuary's certificate as to appropriations by ballot

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Building Societies Act 1965

Checking a building society's activities and holding special meetings

123: Inspections and special meetings

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Building Societies Act 1965

The government can stop a building society from operating if it breaks rules

124: Compulsory cancellation or suspension of registration

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Building Societies Act 1965

How to ask for a society's registration to be cancelled

125: Cancellation of registration at request of society

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Building Societies Act 1965

What happens when a building society's registration is cancelled or put on hold

126: Effect of cancellation or suspension of registration

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Building Societies Act 1965

Rules for when people share ownership of building society shares

127: Provisions as to shares held jointly

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Building Societies Act 1965

Building societies must sell land they get from borrowers who can't pay back loans

128: Land acquired by exercise of powers as mortgagee to be sold

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Building Societies Act 1965

How to show what a building society's rules are

129: Evidence of rules

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Building Societies Act 1965

How to store and protect society records

130: Form in which records may be kept

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Building Societies Act 1965

Building societies no longer have special rules about document taxes

131: Exemptions from stamp duties

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Building Societies Act 1965

Breaking rules about building society property

132: Offences in relation to property of societies

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Building Societies Act 1965

Making untrue statements in important papers is against the law

133: False statements in documents

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Building Societies Act 1965

When you can charge someone for breaking building society rules

135: Time for filing charging document

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Building Societies Act 1965

Breaking rules in this law can lead to a fine

136: General penalty for offences

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Building Societies Act 1965

Rules for how building societies work and what they need to do

137: Regulations

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Building Societies Act 1965

Sending society rules to local company offices

138: Filing of rules of existing societies with District Registrars of Companies

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Building Societies Act 1965

Old rules are replaced, and some other rules are changed when the new Building Societies Act starts

139: Repeals, consequential amendments, and savings

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Building Societies Act 1965

Easy rules for group talks in building clubs are no longer used

Schedule 1: Standard rules for meetings

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Building Societies Act 1965

Rules for special shares given to founders and directors of building societies

Schedule 2: Requirements relating to founders' and directors' shares

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Building Societies Act 1965

Rules about ads for building societies that no longer apply

Schedule 3: Requirements relating to advertising

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Building Societies Act 1965

List of groups that used to be allowed to hold people's savings

Schedule 4: Societies authorised to accept savings bank deposits

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Building Societies Act 1965

Changes to another law about court cases

Schedule 5: Amendment to Part 2 of Schedule 1 of the Summary Proceedings Act 1957

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Building Societies Act 1965

List of old laws about building societies that are being cancelled

Schedule 6: Enactments repealed

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Building Societies Act 1965

Removed rules about building societies that are no longer used

Schedule 7:

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Building Societies Act 1965

How to buy shares in special types of building societies

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Building Societies Act 1965

Special loans given when a house is used as security

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Building Societies Act 1965

Money given to members based on their ownership in the society

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Building Societies Act 1965

Money given without anything to back it up

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Building Societies Act 1965

Extra rules about giving money to people

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Income Tax Act 2007

Tax rules for replacing earthquake-damaged business property in Canterbury

CZ 25: Land and buildings as revenue account property affected by Canterbury earthquakes and replaced—insurance or compensation, Government purchase

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Income Tax Act 2007

Special tax rules for selling earthquake-affected Canterbury property to the government

CZ 26: Land and buildings affected by Canterbury earthquakes—sections CB 9 to CB 11 and CB 14 overridden for Crown purchases

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Income Tax Act 2007

This explains when you're considered to have acquired land for tax purposes

CB 15B: When land acquired

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Local Government Act 2002

People who can decide if you're right when you disagree with a building fee

199H: Who may decide development contribution objections

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Building Act 2004

Information you need to know before signing a building contract

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Building Act 2004

These rules explain when the law protects you if someone builds or sells you a home.

362H: When provisions relating to implied warranties apply

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Building Act 2004

You can't give up your rights to complain about hidden problems when buying a building.

362K: Person may not give away benefit of warranties

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Building Act 2004

What happens if someone breaks a promise they made about building your house

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Building Act 2004

Rules for people who sell houses they didn't live in

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Building Act 2004

If you sell a house you built or fixed up, you can't let the buyer move in until it's checked and approved.

362V: Offence for commercial on-seller to transfer household unit without code compliance certificate

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Income Tax Act 2007

Rules for transferring residential land in relationship property settlements

FB 3A: Residential land

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Income Tax Act 2007

Rules for residential land transfers after someone dies

FC 9: Residential land transferred to executor, administrator, or beneficiary on death of person

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Income Tax Act 2007

Rules about deals with houses and land

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Income Tax Act 2007

Rules for companies selling shares when they own residential land

GB 52: Arrangements involving residential land: companies’ shares

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Income Tax Act 2007

Special rules for trusts that own residential land and make certain changes

GB 53: Arrangements involving residential land: trusts

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Income Tax Act 2007

Income and property limits for community housing assistance

Schedule 34: Community housing trusts and companies: income and assets of beneficiaries and clients

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Contract and Commercial Law Act 2017

Explaining important words used in this part of the law

9: Interpretation

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Contract and Commercial Law Act 2017

Protecting honest buyers who pay fair prices for property

46: Protection of purchaser of property in good faith and for valuable consideration

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Contract and Commercial Law Act 2017

Rules for making deals about things held in trust

101: Contracts relating to property held on trust

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Contract and Commercial Law Act 2017

The court can decide on its own or be asked to make a decision about a minor's property

112: Order may be made on court’s own motion or on application

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Income Tax Act 2007

How buyers pay tax when buying property from someone they're connected to

RL 3: Associated persons: who must pay, and how?

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Income Tax Act 2007

Residential land sellers must pay tax through their lawyer when selling property

RL 2: Vendors: who must pay, and how?

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Building Societies Act 1965

When the District Court can help with building society issues

136A: Jurisdiction of District Court

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Income Tax Act 2007

Insurance pay-outs for Hurunui/Kaikōura earthquake damage treated as property sale and repurchase

EZ 78: Insurance for Hurunui/Kaikōura earthquake damage of property: treatment as disposal and reacquisition

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Building Societies Act 1965

Rules for smoothly changing from the old law to the new law

2A: Transitional, savings, and related provisions

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Building Societies Act 1965

Rules for how building societies share information about their money

Schedule 1AA: Transitional, savings, and related provisions

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Fair Trading Act 1986

Telling lies or tricking people when buying or selling land is not allowed

14: False representations and other misleading conduct in relation to land

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Building Societies Act 1965

Rules for old building societies to follow new laws

13A: Transitional arrangements

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Income Tax Act 2007

Tax relief for replacing earthquake-damaged property with insurance money

CZ 25B: Land and buildings as revenue account property affected by Hurunui/Kaikōura earthquakes and replaced—insurance or compensation

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Income Tax Act 2007

When land sales rules apply to residential property

EL 10: Exclusion for land held on revenue account

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Companies Act 1993

Rules for protecting innocent buyers when company property transfers are challenged

296D: Additional provisions relating to setting aside dispositions

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Income Tax Act 2007

Selling homes bought after 29 March 2018 within 5 years: old tax rule ending 1 July 2024

CZ 39: Disposal within 5 years: bright-line test for residential land: acquisition on or after 29 March 2018

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Income Tax Act 2007

Tax rules for selling homes bought after 29 March 2018, changing from 1 July 2024

CZ 40: Main home exclusion for bright-line: acquisition on or after 29 March 2018

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Resource Management Act 1991

The law says you need to explain why you're changing the rules for building houses in your area

77J: Requirements in relation to evaluation report

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Income Tax Act 2007

Rules for residential land transfers involving Māori family trusts (repealed from July 2024)

CB 6AC: Residential land transferred in relation to certain Māori family trusts

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Income Tax Act 2007

This law doesn't apply to certain types of housing and land development

DH 4: When this subpart does not apply: exemptions for new builds, development, social or emergency or transitional housing, and council housing

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Income Tax Act 2007

Interest on certain loans for residential property

DH 7: Grandparented residential interest

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Income Tax Act 2007

Tax exemption for foreign-currency loan income used for certain residential properties

CW 62C: Income from foreign-currency loans used for disallowed residential property

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Income Tax Act 2007

Rules for lending borrowed money at lower rates to connected people

GB 53C: On-lending at lower rate

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Income Tax Act 2007

Rules for some people transferring residential land, ending 1 July 2024

FC 9B: Residential land: certain transferors

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Building Societies Act 1965

Making sure fees for government services were okay to use for other things

137A: Validation of fees used to recover costs of other Companies Office registers, etc

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Income Tax Act 2007

Tax relief for flood-damaged property replaced with insurance money

CZ 25C: Land or buildings as revenue account property affected by North Island flooding events and replaced—insurance or compensation

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Income Tax Act 2007

Exemptions for property transfers involving Māori trusts under the bright-line test

FD 2: Relief from bright-line test for Māori rollover trusts

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Income Tax Act 2007

Residential land transfers for Treaty settlements: Tax rules explained

FD 3: Certain transfers of residential land included in settlement of claim under Treaty of Waitangi

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About this project

What is this project?

This project is an experiment to take difficult language, and make it easier to read and understand for everyone.

How do we do this?

What’s our process for taking the law and turning it into plain language?

Why is the law written like it is?

Laws are often hard to read. They use a lot of words and language we don’t usually use when we talk.

Should we use AI for this?

What are the good and bad sides of using AI?

Is this information the actual law?

We hope that this information will help people understand New Zealand laws. But we think that it’s important you talk to someone who understands the law well if you have questions or are worried about something.

You can talk to Community Law or Citizen’s Advice Bureau about your rights.

Remember that AI can make mistakes, and just reading the law isn’t enough to understand how it could be used in court.

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