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Tuesday, 23 September 2008

Financial Advisers Bill

Part 5 General provisions
HansardID: 25ae2881-c8d3-469d-9754-e81f5ec38078
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🗣️ Speech Simon Power (New Zealand National Party — Member for Rangitīkei)
Time unknown

If I had not received such a pleading look from the Minister Lianne Dalziel not to stand, I would have sat down. I just make the point that Part 5 relates to general provisions and appeal of decisions, the right of appeal of the commission—interestingly, on the issue of authorisation—and the potential decline of qualifying financial entity status. The District Court, apparently, will make those decisions. I suppose on an issue like that there does need to be a procedure for appeal, and I guess, on balance, that the District Court is the appropriate place for that.

The question was put that the amendments set out on Supplementary Order Paper 253 in the name of the Hon Lianne Dalziel to Part 5 be agreed to.

Amendments agreed to.

Part 5 as amended agreed to.

Clauses 1 and 2

🗣️ Spoke in this debate (1)

  • Simon Power (New Zealand National Party — Member for Rangitīkei)