Regulatory Systems (Economic Development)
Amendment Act 2019
Public Act  2019 No 62
Date of assent  13 November 2019
Commencement  see section 2
Contents
Page
1 Title 7
2 Commencement 7
Part 1
Amendments to Building Societies Act 1965
3 Amendments to Building Societies Act 1965 7
4 Section 124 amended (Compulsory cancellation or suspension of
registration)7
Part 2
Amendments to Companies Act 1993
5 Amendments to Companies Act 1993 8
6 Section 151 amended (Qualifications of directors) 8
7 Section 367 repealed (Application of Official Information Act
1982 and Privacy Act 1993)8
8 Section 368 repealed (Appeals from decisions under section 367) 8
9 Section 382 amended (Persons prohibited from managing
companies)8
10 Section 383 amended (Court may disqualify directors) 8
11 Section 391 amended (Service of documents on shareholders and
creditors)9
12 Schedule 1 amended 9
1Part 3
Amendments to Continental Shelf Act 1964
13 Amendments to Continental Shelf Act 1964 9
14 Section 5 amended (Mining for minerals on continental shelf) 9
15 Section 5A amended (Payments and contributions with respect to
exploitation of continental shelf beyond 200 nautical miles)9
16 Section 9 amended (Act in force in Cook Islands) 10
Part 4
Amendments to Credit Contracts and Consumer Finance Act
2003
17 Amendments to Credit Contracts and Consumer Finance Act 2003 10
18 Section 4 amended (Overview) 10
19 Section 5 amended (Interpretation) 10
20 Section 9B amended (Interpretation) 10
21 Section 9C amended (Lender responsibility principles) 10
22 Section 9K amended (Publication of costs of borrowing) 11
23 Part 3A heading amended 11
24 Section 83A amended (Outline of Part) 11
25 Section 83B amended (References to credit contracts include
security agreements)11
26 Section 83C amended (Application of Part) 11
27 Section 83L amended (Use of disabling device) 11
28 Section 83M amended (Connection or use of disabling device in
connection with certain goods prohibited)11
29 Section 83ZN amended (Credit contract may not provide for
security interest over certain consumer goods)12
30 Section 83ZO amended (Contravening provision of no effect) 12
31 Section 99B amended (Enforcement prohibited if creditor
unregistered)12
32 Section 102A amended (Infringement offences) 12
33 Section 103 amended (Other offences) 12
34 Schedule 1AA amended 12
35 Consequential amendment to other enactment 12
Part 5
Amendments to Fair Trading Act 1986
36 Amendments to Fair Trading Act 1986 13
37 Section 30 amended (Compliance with product safety standards) 13
Part 6
Amendment to Financial Reporting Act 2013
38 Amendment to Financial Reporting Act 2013 13
39 Section 20 amended (Auditing and assurance standards) 13Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
2Part 7
Amendments to Geographical Indications (Wine and Spirits)
Registration Act 2006
40 Amendments to Geographical Indications (Wine and Spirits)
Registration Act 200614
41 Section 7 amended (What is registered geographical indication?) 14
42 Section 42 amended (Register) 14
43 Section 45 amended (Removal from register) 14
44 Section 45A amended (Notice of proposed removal) 14
45 Section 47A replaced (Renewal of registration) 14
47A Renewal of registration 14
46 Section 47B amended (Notice of pending expiration of registration
of geographical indication)15
47 Sections 47C and 47D and cross-heading replaced 15
47C Procedure if registration not renewed 15
47D Effect of registered-past expiry date status 15
48 Consequential amendments to other enactment 16
Part 8
Amendments to Insolvency Act 2006
49 Amendments to Insolvency Act 2006 16
50 Section 3 amended (Interpretation) 16
51 Section 6 amended (Corporations and other entities not subject to
Act)16
52 Section 8 amended (Alternatives to bankruptcy) 16
53 Section 41 amended (Order that disposition or proposal not act of
bankruptcy)16
54 Section 67 amended (Bankrupt must file statement of affairs with
Assignee)17
55 Section 149 amended (Prohibition of bankrupt entering business) 17
56 Sections 158 and 159 replaced 17
158 Bankrupt may retain certain assets 17
57 Section 160 amended (Retention of assets does not affect rights
under charge or hire purchase agreement)17
58 Section 161 repealed (Retention provisions do not confer rights to
other assets)17
59 Section 162 amended (Relative or dependant may exercise
bankrupt’s right to retain assets)17
60 Section 164 amended (Assignee may allow bankrupt to retain
money)18
61 Section 165 amended (Assignee may summon bankrupt and others
to be examined)18
62 Section 171 amended (Assignee may obtain documents) 18
63 Section 178 amended (Record of examination) 18
64 Section 193 amended (Extension of 2 years and 6 months periods) 182019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019
365 Section 282 replaced (Definition of undistributed money) 18
282 Definition of undistributed money 18
66 Section 286 replaced (Application of undistributed money held in
bankruptcy surplus account)19
286 Application of undistributed money held in bankruptcy
surplus account19
67 New section 290A inserted (Automatic discharge of bankrupts who
die before filing statement of affairs)19
290A Automatic discharge of bankrupts who die before filing
statement of affairs19
68 Part 5 heading amended 19
69 Subpart 3 heading in Part 5 replaced 20
70 Section 340 replaced (Summary instalment order) 20
340 Debt repayment order 20
71 Section 341 amended (Who may apply for order) 20
72 Section 342 amended (Form of application) 20
73 Section 343 replaced (Assignee may make summary instalment
order)20
343 Assignee may make debt repayment order 20
74 Section 345 amended (Appointment of supervisor) 21
75 Section 346 amended (Role of supervisor) 21
76 Section 349 amended (Period of instalments) 21
77 Section 350 amended (Variation or cancellation of order by
Assignee on application from debtor, creditor, or supervisor)21
78 Section 350A replaced (Cancellation of order by Assignee without
application)21
350A Cancellation of order by Assignee without application 21
79 Section 351 amended (Effect of order) 21
80 Section 352 amended (Proceedings against debtor) 21
81 Section 353 amended (Supervisor must give notice of summary
instalment order to creditors)21
82 Section 354 amended (Public register of debtors subject to current
summary instalment order)22
83 Section 355 amended (Meaning of current summary instalment
order)22
84 Section 356 amended (Creditor’s claim) 22
85 Section 357 amended (Payment of debtor’s earnings to supervisor) 22
86 Section 358 replaced (Distribution of money paid by debtor) 22
358 Distribution of money paid by debtor 22
358A Discharge of debtor after distribution made 22
358B Effect of discharge 22
358C Discharge does not release partners and others 23
87 Section 359 amended (Default by debtor) 23
88 Section 360 amended (Offence of obtaining credit) 23Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
489 Section 363 amended (Criteria for entry to no asset procedure) 23
90 Section 374 replaced (Assignee may apply for preservation order) 24
374 Assignee may apply for preservation order 24
91 New sections 377C to 377E inserted 24
377C Court may reverse cancellation of debtor’s debts 24
377D Grounds for reversing cancellation of debts 24
377E Effect of reversal of cancellation of debts 25
92 Section 441 amended (Regulations) 25
93 Section 448 amended (Purposes of public registers) 25
94 Section 449 amended (General information that must be held in
public registers)25
95 Section 453 amended (Search criteria) 25
96 Section 454 amended (Search purposes) 25
97 Consequential amendments to other enactments 26
98 Schedule 1AA amended 26
Part 9
Amendments to Limited Partnerships Act 2008
99 Amendments to Limited Partnerships Act 2008 26
100 Section 8 amended (Requirements for limited partnership) 26
101 Section 19A amended (Qualifications of general partners: natural
persons)26
102 Section 52 amended (Application for registration) 26
103 Section 101 amended (Restoration to register of limited
partnerships)27
104 Consequential amendment to other enactment 27
Part 10
Amendments to Personal Property Securities Act 1999
105 Amendments to Personal Property Securities Act 1999 27
106 Section 139 amended (Personal property securities register) 27
107 Section 140 amended (Contents of register) 27
108 Section 142 amended (Data required to register financing
statement)27
109 Section 172 amended (Search criteria) 28
110 Consequential amendment to other enactment 28
Part 11
Amendments to Plant Variety Rights Act 1987
111 Amendments to Plant Variety Rights Act 1987 28
112 Section 5 amended (Applications) 28
113 Section 35 amended (Service of notices, etc) 28
114 Consequential amendment to other enactment 282019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019
5Part 12
Amendments to Takeovers Act 1993
115 Amendments to Takeovers Act 1993 28
116 Section 2 amended (Interpretation) 28
117 Section 2A amended (Meaning of code company) 29
118 New section 2AB inserted (Extended meaning of code company
for purpose of completing code-regulated transactions)29
2AB Extended meaning of code company for purpose of
completing code-regulated transactions29
119 Schedule 1AA amended 30
120 Consequential revocation of Takeovers Code (Small Code
Companies) Exemption Notice 201630
121 Consequential amendments to other enactment 30
Part 13
Amendments to Trade Marks Act 2002
122 Amendments to Trade Marks Act 2002 30
123 Section 5 amended (Interpretation) 30
124 New section 7A inserted (Transitional, savings, and related
provisions)30
7A Transitional, savings, and related provisions 31
125 New section 13A inserted (Trade mark not registrable if related
certification trade mark owned)31
13A Trade mark not registrable if related certification trade
mark owned31
126 Section 14 amended (Additional provisions that relate to
registrability of certification trade marks)31
127 Section 53 replaced (Reissuing certificate of registration) 31
53 Replacement of certificate of registration 31
128 Sections 59, 60, and 60A replaced 31
59 Procedure for renewal of registration 31
60 Effect of registered-past expiry date status 32
129 Section 65 amended (Application for revocation of registration of
trade mark)32
130 Section 66 amended (Grounds for revoking registration of trade
mark)33
131 Section 68 amended (Revocation of registration of trade mark) 33
132 Section 167 replaced (Security for costs) 33
167 Commissioner or court may require security for costs 33
133 Section 182 amended (Contents of register) 33
134 Section 191 repealed (Declarations, etc, on behalf of certain
persons)34
135 New Schedule 1AA inserted 34
136 Consequential amendments to other enactment 34Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
6Part 14
Amendments to Weights and Measures Act 1987
137 Amendments to Weights and Measures Act 1987 34
138 Section 28 amended (Powers of Inspectors) 34
139 Section 32 amended (Offences) 34
Schedule 1
Consequential amendments35
Schedule 2
Amendments to Schedule 1AA of Credit Contracts and
Consumer Finance Act 200340
Schedule 3
New Part 2 inserted into Schedule 1AA of Insolvency Act 200642
Schedule 4
New Part 2 inserted into Schedule 1AA of Takeovers Act 199346
Schedule 5
New Schedule 1AA inserted into Trade Marks Act 200247
The Parliament of New Zealand enacts as follows:
1 Title
This Act is the Regulatory Systems (Economic Development) Amendment Act
2019.
2 Commencement
This Act comes into force immediately after the expiry of the 2-month period
that starts on the date of Royal assent.
Part 1
Amendments to Building Societies Act 1965
3 Amendments to Building Societies Act 1965
This Part amends the Building Societies Act 1965.
4 Section 124 amended (Compulsory cancellation or suspension of
registration)
(1) In section 124(1), delete “, with the approval of the Minister,”.
(2) In section 124(1)(c), replace “that the society has wilfully, and ” with “that the
society has,”.
(3) In section 124(3), delete “, with the approval of the Minister,”.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 1 s 4
7Part 2
Amendments to Companies Act 1993
5 Amendments to Companies Act 1993
This Part amends the Companies Act 1993.
6 Section 151 amended (Qualifications of directors)
After section 151(2)(b), insert:
(baa) a person who is prohibited from being a director of a company under
section 299(1)(b) of the Insolvency Act 2006:
(bab) a person who is prohibited from directly or indirectly being concerned,
or taking part, in the management of a company under section 299(1)(c)
of the Insolvency Act 2006:
7 Section 367 repealed (Application of Official Information Act 1982 and
Privacy Act 1993)
Repeal section 367.
8 Section 368 repealed (Appeals from decisions under section 367)
Repeal section 368.
9 Section 382 amended (Persons prohibited from managing companies)
(1) In section 382(1)(a), after “3 months) ”, insert “, including an offence under
section 138A”.
(2) In section 382(1)(b), replace “1961,—” with “1961; or”.
(3) After section 382(1)(b), insert:
(ba) a person has been convicted of an offence under section 143A(1)(d) or
143B(1) of the Tax Administration Act 1994; or
(bb) a person has been convicted of an offence under section 148 of the Tax
Administration Act 1994 of aiding, abetting, inciting, or conspiring with
another person to commit an offence against section 143B(1) of that
Act,—
10 Section 383 amended (Court may disqualify directors)
(1) In section 383(1)(a), after “3 months) ”, insert “, including an offence under
section 138A”.
(2) After section 383(1)(b), insert:
(ba) a person has been convicted of an offence under section 143A(1)(d) or
143B(1) of the Tax Administration Act 1994; or
(bb) a person has been convicted of an offence under section 148 of the Tax
Administration Act 1994 of aiding, abetting, inciting, or conspiring withPart 2 s 5Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
8another person to commit an offence against section 143B(1) of that Act;
or
11 Section 391 amended (Service of documents on shareholders and
creditors)
(1) In section 391(3)(f), replace “corporate.” with “corporate; or”.
(2) After section 391(3)(f), insert:
(g) sent by email to an electronic address used by the body corporate.
12 Schedule 1 amended
(1) In Schedule 1, after clause 6(5), insert:
(5A) However, if a time is specified in the constitution of a company under sub-
clause (5) but the notice of the meeting provides that a proxy may be produced
by a later time (being a time before the start of the meeting), a proxy produced
by that later time is still effective.
(2) In Schedule 1, clause 6(6), replace “subclause (5), the constitution ” with “sub-
clauses (5) and (5A), the constitution or the notice”.
(3) In Schedule 1, replace clause 7(4A) with:
(4A) Despite subclause (4), —
(a) the constitution of a company, or the notice of the meeting, may specify
a time (being a time less than 48 hours before the start of the meeting)
by which postal votes that are cast using electronic means must reach the
person who is authorised to receive and count postal votes at the meet-
ing; and
(b) such postal votes must reach that person by the specified time (or, if dif-
ferent times are specified in the constitution and the notice, the later of
those times).
Part 3
Amendments to Continental Shelf Act 1964
13 Amendments to Continental Shelf Act 1964
This Part amends the Continental Shelf Act 1964.
14 Section 5 amended (Mining for minerals on continental shelf)
In section 5(2) and (4), after “Energy”, insert “and Resources”.
15 Section 5A amended (Payments and contributions with respect to
exploitation of continental shelf beyond 200 nautical miles)
(1) In section 5A(1)(b), delete “or prospecting”.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 3 s 15
9(2) In section 5A(1)(c) , replace “or prospecting for, or the mining of, ” with “for or
the mining of”.
(3) In section 5A(2), after “Energy”, insert “and Resources”.
(4) In section 5A(3), replace “Transport” with “Energy and Resources”.
(5) In section 5A(4), replace “relevant Minister” with “Minister”.
16 Section 9 amended (Act in force in Cook Islands)
In section 9(2)(b), after “Energy”, insert “and Resources”.
Part 4
Amendments to Credit Contracts and Consumer Finance Act 2003
17 Amendments to Credit Contracts and Consumer Finance Act 2003
This Part amends the Credit Contracts and Consumer Finance Act 2003.
18 Section 4 amended (Overview)
In section 4(ca), replace “credit contracts” with “consumer credit contracts”.
19 Section 5 amended (Interpretation)
In section 5, definition of costs of borrowing , delete “or a credit contract to
which Part 3A applies”.
20 Section 9B amended (Interpretation)
(1) In section 9B(1), definition of agreement , paragraph (a), delete “or a credit
contract to which Part 3A applies”.
(2) In section 9B(1), definition of lender , paragraph (a), delete “or a credit con-
tract to which Part 3A applies”.
(3) In section 9B(1), replace the definition of relevant guarantee  with:
relevant guarantee  means a guarantee given, or proposed to be given, in
respect of a consumer credit contract
21 Section 9C amended (Lender responsibility principles)
Replace section 9C(2)(a) with:
(a) exercise the care, diligence, and skill of a responsible lender —
(i) in any advertisement for providing credit or finance under an
agreement or for providing credit-related insurance under a rele-
vant insurance contract; and
(ii) before entering into an agreement to provide credit or finance or a
relevant insurance contract and before taking a relevant guarantee;
andPart 3 s 16Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
10(iii) in all subsequent dealings with a borrower in relation to an agree-
ment or a relevant insurance contract or a guarantor in relation to
a relevant guarantee; and
22 Section 9K amended (Publication of costs of borrowing)
(1) In section 9K(1), replace “credit contract” with “consumer credit contract”.
(2) Repeal section 9K(2).
(3) In section 9K(3)(a), replace “credit contract referred to in subsection (1) ” with
“consumer credit contract offered by that creditor”.
23 Part 3A heading amended
In the Part 3A heading, replace “credit contract ” with “ consumer credit con-
tract ”.
24 Section 83A amended (Outline of Part)
In section 83A, after “sets out ”, insert “, in relation to a consumer credit con-
tract,”.
25 Section 83B amended (References to credit contracts include security
agreements)
(1) In the heading to section 83B, replace “credit contracts ” with “consumer
credit contracts ”.
(2) In section 83B(1)(b), replace “credit contracts ” with “consumer credit con-
tracts”.
(3) In section 83B, replace “credit contract ” with “consumer credit contract ” in
each place.
26 Section 83C amended (Application of Part)
In section 83C, replace “credit contract ” with “consumer credit contract ” in
each place.
27 Section 83L amended (Use of disabling device)
In section 83L, replace “credit contract ” with “consumer credit contract ” in
each place.
28 Section 83M amended (Connection or use of disabling device in connection
with certain goods prohibited)
In section 83M, replace “credit contract ” with “consumer credit contract ” in
each place.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 4 s 28
1129 Section 83ZN amended (Credit contract may not provide for security
interest over certain consumer goods)
(1) In the heading to section 83ZN, replace “Credit contract ” with “Consumer
credit contract ”.
(2) In section 83ZN, replace “credit contract ” with “consumer credit contract ” in
each place.
30 Section 83ZO amended (Contravening provision of no effect)
In section 83ZO, replace “credit contract” with “consumer credit contract”.
31 Section 99B amended (Enforcement prohibited if creditor unregistered)
(1) In section 99B(1)(a), replace “credit contract” with “consumer credit contract”.
(2) In section 99B(4), replace “credit contract” with “consumer credit contract”.
32 Section 102A amended (Infringement offences)
After section 102A(4), insert:
(4A) Every creditor who is subject to section 9K commits an offence if the creditor
breaches section 9K(4).
(4B) Every creditor who is subject to section 9K commits an offence if both of the
following apply:
(a) a paragraph in regulations prescribed under this Act requires particular
information to be contained in the information made publicly available:
(b) the creditor breaches section 9K(6)(a) by failing to make any informa-
tion publicly available for the purposes of that paragraph.
33 Section 103 amended (Other offences)
(1) In section 103(1), after “creditor,”, insert “lender,”.
(2) In section 103(1), after “provisions of sections”, insert “9J, 9K,”.
34 Schedule 1AA amended
(1) In Schedule 1AA, clause 1, insert in its appropriate alphabetical order:
Regulatory Systems Act 2019  means the Regulatory Systems (Economic
Development) Amendment Act 2019
(2) In Schedule 1AA, clause 3(1), after “subclauses (2) and (3) ”, insert “and in
clause 4”.
(3) In Schedule 1AA, clause 3(4), after “In this clause”, insert “and in clause 4”.
(4) In Schedule 1AA, after clause 3, insert the cross-heading and clauses 4 and 5
set out in Schedule 2 of this Act.
35 Consequential amendment to other enactment
Amend the enactment specified in Part 1 of Schedule 1 as set out in that Part.Part 4 s 29Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
12Part 5
Amendments to Fair Trading Act 1986
36 Amendments to Fair Trading Act 1986
This Part amends the Fair Trading Act 1986.
37 Section 30 amended (Compliance with product safety standards)
(1) In section 30(1), replace “that person complies with that product safety stand-
ard” with “that product safety standard is complied with in respect of those
goods”.
(2) In section 30(2), replace “ that person complies with one of those product safety
standards”  with “one of those product safety standards is complied with in
respect of those goods”.
Part 6
Amendment to Financial Reporting Act 2013
38 Amendment to Financial Reporting Act 2013
This Part amends the Financial Reporting Act 2013.
39 Section 20 amended (Auditing and assurance standards)
Replace section 20(2) with:
(2) Auditing and assurance standards may (without limitation) include —
(a) professional and ethical standards that govern the professional conduct
of audit or assurance practitioners:
(b) standards for related services.
(3) In this section, —
audit or assurance practitioner  means a person who is appointed or engaged
to carry out audits or other assurance engagements
related services  means services to perform —
(a) agreed-upon procedures; or
(b) other non-assurance work that may ordinarily be carried out by an audit
or assurance practitioner.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 6 s 39
13Part 7
Amendments to Geographical Indications (Wine and Spirits)
Registration Act 2006
40 Amendments to Geographical Indications (Wine and Spirits) Registration
Act 2006
This Part amends the Geographical Indications (Wine and Spirits) Registration
Act 2006.
41 Section 7 amended (What is registered geographical indication?)
After section 7(3), insert:
(4) However, this section is subject to section 47D.
42 Section 42 amended (Register)
(1) In section 42(3)(d), replace “indication).” with “indication); and”.
(2) After section 42(3)(d), insert:
(e) if the geographical indication’s status is registered-past expiry date (as
defined in section 47D), a statement to that effect.
43 Section 45 amended (Removal from register)
In section 45(4), replace “on its expiry ” with “when required to do so under
section 47C(2)”.
44 Section 45A amended (Notice of proposed removal)
In section 45A(1), after “register”, insert “under section 45(1)”.
45 Section 47A replaced (Renewal of registration)
Replace section 47A with:
47A Renewal of registration
(1) On application by an interested person, the Registrar must renew the registra-
tion of a registered geographical indication.
(2) An application for renewal must be made to the Registrar —
(a) not more than 12 months before, and not more than 6 months after, the
date on which the registration expires (the expiry date ); and
(b) in the prescribed manner.
(3) The renewed registration is effective for a period of 10 years commencing on
the expiry date.Part 7 s 40Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
1446 Section 47B amended (Notice of pending expiration of registration of
geographical indication)
(1) In section 47B(1), replace “If no interested person has made an application
under section 47A within a prescribed period before the registration of a geo-
graphical indication expires, ” with “If no application to renew the registration
of a geographical indication has been made,”.
(2) Before section 47B(2)(a), insert:
(aaa) be given at least the prescribed period before the registration’s expiry
date; and
(3) In section 47B(2)(b)(ii), after “fees” , insert “(including the amount of any
renewal fee)”.
(4) Replace section 47B(2)(b)(iii) with:
(iii) that,—
(A) if the registration is not renewed before its expiry date, the
register will be changed to record that the geographical
indication’s status is registered-past expiry date; and
(B) if the registration has still not been renewed 6 months after
the expiry date, the geographical indication will be
removed from the register.
47 Sections 47C and 47D and cross-heading replaced
Replace sections 47C and 47D and the cross-heading above section 47D with:
47C Procedure if registration not renewed
(1) If the registration of a geographical indication is not renewed before its expiry
date, the Registrar must record on the register that its status is registered-past
expiry date (until the registration is renewed or it is removed from the register).
(2) The Registrar must remove the geographical indication from the register if —
(a) notice has been given under section 47B; and
(b) 6 months have elapsed since the registration’s expiry date; and
(c) the registration has not been renewed.
47D Effect of registered-past expiry date status
(1) A geographical indication has the status of registered-past expiry date  if—
(a) the geographical indication’s registration expiry date (referred to in sec-
tion 47A) has passed; but
(b) the geographical indication has not yet been removed from the register.
(2) While the geographical indication’s status is registered-past expiry date, the
geographical indication —2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 7 s 47
15(a) is not a registered geographical indication for the purposes of sections 21
to 24; but
(b) is a registered geographical indication for all other purposes.
(3) If the geographical indication’s registration is renewed before it is removed
from the register under section 47C(2) ,—
(a) the renewed registration takes effect from the expiry date ( see section
47A(3)); and
(b) the geographical indication is taken to have remained a registered geo-
graphical indication for all purposes from that date as if its status had not
changed.
48 Consequential amendments to other enactment
Amend the enactment specified in Part 2 of Schedule 1 as set out in that Part.
Part 8
Amendments to Insolvency Act 2006
49 Amendments to Insolvency Act 2006
This Part amends the Insolvency Act 2006.
50 Section 3 amended (Interpretation)
(1) In section 3, repeal the definition of current summary instalment order .
(2) In section 3, insert in their appropriate alphabetical order:
current debt repayment order  has the meaning set out in section 355
excluded debt , in relation to a debt repayment order or the no asset procedure,
means —
(a) any amount payable under a maintenance order under the Family Pro-
ceedings Act 1980; and
(b) any amount payable under the Child Support Act 1991; and
(c) any student loan balance
51 Section 6 amended (Corporations and other entities not subject to Act)
In section 6(1)(c), replace “summary instalment” with “debt repayment”.
52 Section 8 amended (Alternatives to bankruptcy)
In section 8(1)(b), replace “summary instalment” with “debt repayment”.
53 Section 41 amended (Order that disposition or proposal not act of
bankruptcy)
In section 41(1)(c), replace “summary instalment” with “debt repayment”.Part 7 s 48Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
1654 Section 67 amended (Bankrupt must file statement of affairs with
Assignee)
In section 67, insert as subsection (2):
(2) The Assignee may reject a statement of affairs that in the Assignee’s opinion is
incorrect or incomplete.
55 Section 149 amended (Prohibition of bankrupt entering business)
(1) In section 149(1)(b), after “employed by ”, insert “, or work without reward
for,”.
(2) In section 149(1)(c), after “employed by ”, insert “, or work without reward
for,”.
56 Sections 158 and 159 replaced
Replace sections 158 and 159 with:
158 Bankrupt may retain certain assets
(1) The bankrupt may retain as the bankrupt’s own property the following assets:
(a) the bankrupt’s necessary tools of trade:
(b) necessary household furniture and effects, including clothing, for the
bankrupt and the bankrupt’s relatives and dependants:
(c) a motor vehicle (up to a maximum value of $6,500).
(2) For the purposes of subsection (1)(c), the value of a motor vehicle is the value
that the Assignee in the Assignee’s discretion places on it.
(3) The fact that the value of the motor vehicle is less than the maximum value
specified in subsection (1)(c) does not give the bankrupt rights in relation to
other assets in the bankrupt’s estate.
(4) The Governor-General may, by Order in Council, amend subsection (1)(c) by
increasing the maximum value to take account of any rise in the all groups
index number of the New Zealand Consumers Price Index.
57 Section 160 amended (Retention of assets does not affect rights under
charge or hire purchase agreement)
In section 160, delete “or 159”.
58 Section 161 repealed (Retention provisions do not confer rights to other
assets)
Repeal section 161.
59 Section 162 amended (Relative or dependant may exercise bankrupt’s
right to retain assets)
In section 162, delete “or 159”.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 8 s 59
1760 Section 164 amended (Assignee may allow bankrupt to retain money)
In section 164(1), replace “$1,200” with “$1,300”.
61 Section 165 amended (Assignee may summon bankrupt and others to be
examined)
(1) Replace the heading to section 165 with “Assignee may require bankrupt
and others to be examined or provide information or assistance ”.
(2) Replace section 165(1)(b) with:
(b) require that person to do any 1 or more of the following:
(i) produce and surrender to the Assignee or District Court Judge
before whom that person appears any document in that person’s
possession or control that relates to the bankrupt’s property, con-
duct, or dealings:
(ii) provide the Assignee with any information that the Assignee
requests about the bankrupt’s property, conduct, or dealings:
(iii) assist the Assignee, to the best of the person’s ability, to carry out
the Assignee’s functions and duties under this Act in respect of
the bankrupt.
62 Section 171 amended (Assignee may obtain documents)
In section 171, replace “section 165(1)(b)” with “section 165(1)(b)(i)”.
63 Section 178 amended (Record of examination)
(1) Replace section 178(2)(a) with:
(a) signed by the bankrupt; and
(2) After section 178(2), insert:
(3) The court may, if the bankrupt requests, require that the record of the examin-
ation be read over to the bankrupt before the bankrupt signs it.
64 Section 193 amended (Extension of 2 years and 6 months periods)
(1) In the heading to section 193, replace “ 2 years ” with “ 5 years, 2 years, ”.
(2) In section 193, replace “2 years  or to 6 months  means”  with “5 years  or to 2
years  or to 6 months  means 5 years or”.
65 Section 282 replaced (Definition of undistributed money)
Replace section 282 with:
282 Definition of undistributed money
In sections 283 to 289, undistributed money  means either of the following:
(a) any money that —Part 8 s 60Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
18(i) was received by the Assignee by the realisation of the property of
the bankrupt; and
(ii) remains after the Assignee deducts the costs of obtaining the
Assignee’s release under sections 408 to 410, if applicable; and
(iii) is required to be paid to any person under sections 274 to 281, but
is not able to be distributed for any reason:
(b) any money that is required to be distributed under section 358(1) , but is
not able to be distributed for any reason.
66 Section 286 replaced (Application of undistributed money held in
bankruptcy surplus account)
Replace section 286 with:
286 Application of undistributed money held in bankruptcy surplus account
Undistributed money held in the bankruptcy surplus account may be used as
follows:
(a) for distribution to any person who remains to be paid, —
(i) in the case of a bankruptcy, as set out in section 282(a)(iii):
(ii) in the case of a debt repayment order, as set out in section 358(1);
and
(b) for the purposes of this Act, to the extent and in the manner allowed by
this Act; and
(c) subject to section 287, to replace, to the extent of the deficiency, any
money misappropriated by an Assignee or any person employed under
the provisions of this Act (other than subpart 2 of Part 5); and
(d) subject to section 288, to meet the costs of court proceedings, obtaining
legal advice, or employing an accountant or other experts in circum-
stances where the creditors of a bankrupt are unable to pay those costs,
or it would be unfair or inequitable that they should do so.
67 New section 290A inserted (Automatic discharge of bankrupts who die
before filing statement of affairs)
After section 290, insert:
290A Automatic discharge of bankrupts who die before filing statement of
affairs
If a bankrupt dies before filing a statement of affairs, the bankrupt is automatic-
ally discharged from bankruptcy 3 years after the bankrupt’s death.
68 Part 5 heading amended
In the Part 5 heading, replace “ summary instalment ” with “ debt repayment ”.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 8 s 68
1969 Subpart 3 heading in Part 5 replaced
In Part 5, replace the subpart 3 heading with:
Subpart 3 —Debt repayment orders
70 Section 340 replaced (Summary instalment order)
Replace section 340 with:
340 Debt repayment order
A debt repayment order is an order by the Assignee that the debtor pay their
debts —
(a) in instalments or otherwise; and
(b) in full or to the extent that the Assignee considers practicable in the cir-
cumstances of the case.
71 Section 341 amended (Who may apply for order)
In section 341, replace “summary instalment” with “debt repayment”.
72 Section 342 amended (Form of application)
In section 342(1), replace “summary instalment” with “debt repayment”.
73 Section 343 replaced (Assignee may make summary instalment order)
Replace section 343 with:
343 Assignee may make debt repayment order
(1) The Assignee may make a debt repayment order if the Assignee is satisfied
that—
(a) the debtor’s total unsecured debts (apart from any excluded debt) that
would be provable in the debtor’s bankruptcy are not more than $50,000;
and
(b) the debtor is unable immediately to pay those debts; and
(c) the order relates only to those debts.
(2) Before making the order, the Assignee must allow the debtor or a creditor to
make representations, if the debtor or creditor wants to do so.
(3) A debt repayment order is not invalid if the total amount of the debts proved is
more than the amount specified in subsection (1)(a), but in that case —
(a) the supervisor appointed under section 345 may refer the matter to the
Assignee; and
(b) the Assignee may, if the Assignee thinks appropriate, cancel the order.Part 8 s 69Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
20(4) The amount in subsection (1)(a) may be varied by the Governor-General by
Order in Council to take account of increases in the all groups index number of
the New Zealand Consumers Price Index.
74 Section 345 amended (Appointment of supervisor)
In section 345(1), replace “summary instalment” with “debt repayment”.
75 Section 346 amended (Role of supervisor)
In section 346(1), replace “term’s of the summary instalment ” with “terms of
the debt repayment”.
76 Section 349 amended (Period of instalments)
In section 349, replace “summary instalment” with “debt repayment”.
77 Section 350 amended (Variation or cancellation of order by Assignee on
application from debtor, creditor, or supervisor)
In section 350, replace “summary instalment” with “debt repayment”.
78 Section 350A replaced (Cancellation of order by Assignee without
application)
Replace section 350A with:
350A Cancellation of order by Assignee without application
The Assignee may (without an application from any person) cancel a debt
repayment order if satisfied that the debtor —
(a) is in default under the order; or
(b) is able immediately to pay the debtor’s unsecured debts (apart from any
excluded debt); or
(c) cannot be located.
79 Section 351 amended (Effect of order)
In section 351, replace “summary instalment” with “debt repayment”.
80 Section 352 amended (Proceedings against debtor)
(1) In section 352(1), after “debt”, insert “(other than an excluded debt)”.
(2) In section 352, replace “summary instalment ” with “debt repayment ” in each
place.
81 Section 353 amended (Supervisor must give notice of summary instalment
order to creditors)
(1) In the heading to section 353, replace “summary instalment ” with “debt
repayment ”.
(2) In section 353, replace “summary instalment” with “debt repayment”.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 8 s 81
2182 Section 354 amended (Public register of debtors subject to current
summary instalment order)
(1) In the heading to section 354, replace “summary instalment ” with “debt
repayment ”.
(2) In section 354(1), replace “summary instalment” with “debt repayment”.
83 Section 355 amended (Meaning of current summary instalment order)
(1) In the heading to section 355, replace “summary instalment ” with “debt
repayment ”.
(2) In section 355, replace “summary instalment” with “debt repayment”.
84 Section 356 amended (Creditor’s claim)
In section 356(1), replace “summary instalment” with “debt repayment”.
85 Section 357 amended (Payment of debtor’s earnings to supervisor)
In section 357(1), replace “summary instalment” with “debt repayment”.
86 Section 358 replaced (Distribution of money paid by debtor)
Replace section 358 with:
358 Distribution of money paid by debtor
(1) The supervisor must distribute the money paid by the debtor under the debt
repayment order in the following order:
(a) first, payment of the costs of administration (including the supervisor’s
remuneration) in accordance with the prescribed scale:
(b) secondly, the Assignee’s costs and fees:
(c) thirdly, payment of the debts in accordance with the order:
(d) fourthly, payment of any surplus to the debtor.
(2) For the treatment of money that is not able to be distributed, see sections 282 to
289.
358A Discharge of debtor after distribution made
The debtor is discharged from the unsecured debts to which the debt repayment
order relates if the supervisor pays in full, from the money received under the
order, the amounts in section 358(1)(a) to (d).
358B Effect of discharge
(1) On discharge under section 358A, the unsecured debts to which the debtor’s
debt repayment order relates are cancelled, and the debtor is not liable to pay
any part of the debts, including any penalties and interest that may have
accrued.
(2) However, subsection (1) does not apply to —Part 8 s 82Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
22(a) any debt or liability incurred by fraud or fraudulent breach of trust to
which the debtor was a party:
(b) any debt or liability for which the debtor has obtained forbearance
through fraud to which the debtor was a party.
(3) The debts and liabilities referred to in subsection (2) become again enforceable
on discharge under section 358A, and the debtor is liable to pay any penalties
and interest that may have accrued.
358C Discharge does not release partners and others
A discharge under section 358A  does not release any person who, at the date of
discharge, was —
(a) a business partner of the discharged debtor; or
(b) a co-trustee with the discharged debtor; or
(c) jointly bound or had made any contract with the discharged debtor; or
(d) a guarantor or in the nature of a guarantor of the discharged debtor.
87 Section 359 amended (Default by debtor)
In section 359(1), replace “summary instalment” with “debt repayment”.
88 Section 360 amended (Offence of obtaining credit)
In section 360, replace “summary instalment ” with “debt repayment ” in each
place.
89 Section 363 amended (Criteria for entry to no asset procedure)
(1) Replace section 363(1)(d) with:
(d) the debtor has total debts (apart from any excluded debt) that are not less
than $1,000 and not more than $50,000; and
(2) In section 363(1)(e), after “debts”, insert “; and”.
(3) After section 363(1)(e), insert:
(f) the outcome for any creditor would not be materially better if the debtor
were adjudicated bankrupt.
(4) Replace section 363(2) with:
(2) In this section, realisable assets —
(a) excludes the assets that a bankrupt is allowed to retain under section
158; but
(b) includes any assets (for example, gifted assets) that might be recoverable
by the Assignee if the debtor were adjudicated bankrupt on the date of
application for entry to the no asset procedure and if the irregular trans-
action provisions in subpart 7 of Part 3 applied.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 8 s 89
2390 Section 374 replaced (Assignee may apply for preservation order)
Replace section 374 with:
374 Assignee may apply for preservation order
(1) This section applies if —
(a) the Assignee intends to terminate, or has terminated, a debtor’s partici-
pation in the no asset procedure on the ground that the debtor concealed
assets or misled the Assignee; or
(b) the Assignee or a creditor intends, under section 377C, to apply for a
reversal of the cancellation of a debtor’s debts on the ground that the
debtor concealed assets or misled the Assignee.
(2) The court may, on the application of the Assignee, make an order for the pres-
ervation of the debtor’s assets pending an application for the debtor’s adjudica-
tion.
(3) The order —
(a) may be on the terms and conditions that the court thinks fit; and
(b) is effective, unless the court states otherwise, from the time that the
order is made.
91 New sections 377C to 377E inserted
After section 377B, insert:
377C Court may reverse cancellation of debtor’s debts
(1) The court may, on the application of the Assignee or a creditor, reverse the can-
cellation under section 377A of a debtor’s debts.
(2) The cancellation of debts may be reversed at any time before 2 years after the
date of the cancellation.
377D Grounds for reversing cancellation of debts
(1) The court may reverse a cancellation under section 377A of a debtor’s debts
if—
(a) the debtor has been given notice of the application for cancellation
(including the grounds relied on by the applicant); and
(b) the court is satisfied that facts have been established that —
(i) were not known to the Assignee before the debtor was discharged
from the no asset procedure; and
(ii) had the Assignee known of them, would have justified the
Assignee in terminating the debtor’s participation in the no asset
procedure under section 373(1)(a).Part 8 s 90Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
24(2) The court must not reverse the cancellation of debts if the applicant is a cred-
itor and the facts relied on by the applicant were known to the applicant at the
time the debtor was discharged.
377E Effect of reversal of cancellation of debts
(1) If the court reverses a cancellation under section 377A of a debtor’s debts, the
debts that were cancelled under section 377A(1) become again enforceable,
and the debtor is liable to pay any penalties and interest that may have accrued
during the debtor’s participation in the procedure or after the debtor was dis-
charged.
(2) However, the reversal does not prejudice or affect the validity of any contract,
sale, disposition, or payment made or anything done by the debtor before the
cancellation was reversed.
92 Section 441 amended (Regulations)
In section 441(1)(r), replace “summary instalment” with “debt repayment”.
93 Section 448 amended (Purposes of public registers)
In section 448, replace “summary instalment ” with “debt repayment ” in each
place.
94 Section 449 amended (General information that must be held in public
registers)
(1) In section 449, replace “summary instalment ” with “debt repayment ” in each
place.
(2) After section 449(1)(a), insert:
(ab) any other name (including any alias or trading name) used by P and
known to the Assignee:
(3) After section 449(1)(g), insert:
(ga) if a debt repayment order is made in respect of P, the date of the debt
repayment order:
(4) In section 449(1)(n), replace “business postal address ” with “electronic
address”.
95 Section 453 amended (Search criteria)
In section 453, replace “summary instalment ” with “debt repayment ” in each
place.
96 Section 454 amended (Search purposes)
In section 454, replace “summary instalment ” with “debt repayment ” in each
place.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 8 s 96
2597 Consequential amendments to other enactments
Amend the enactments specified in Part 3 of Schedule 1 as set out in that Part.
98 Schedule 1AA amended
In Schedule 1AA, after Part 1, insert the Part 2 set out in Schedule 3 of this
Act.
Part 9
Amendments to Limited Partnerships Act 2008
99 Amendments to Limited Partnerships Act 2008
This Part amends the Limited Partnerships Act 2008.
100 Section 8 amended (Requirements for limited partnership)
(1) Replace section 8(4)(a)(ii) with:
(ii) lives in an enforcement country and is a director of a body corpo-
rate that is incorporated in that enforcement country under a law
that is equivalent to the Companies Act 1993:
(2) Replace section 8(4)(b)(ii) with:
(ii) live in an enforcement country and are directors of a body corpo-
rate that is incorporated in that enforcement country under a law
that is equivalent to the Companies Act 1993:
(3) Replace section 8(4)(c)(ii) with:
(ii) live in an enforcement country and are directors of a body corpo-
rate that is incorporated in that enforcement country under a law
that is equivalent to the Companies Act 1993:
(4) Replace section 8(4)(e)(ii) with:
(ii) live in an enforcement country and are directors of a body corpo-
rate that is incorporated in that enforcement country under a law
that is equivalent to the Companies Act 1993.
101 Section 19A amended (Qualifications of general partners: natural persons)
After section 19A(2)(d), insert:
(da) a person who is prohibited from being a director of a company under
section 299(1)(b) of the Insolvency Act 2006:
(db) a person who is prohibited from directly or indirectly being concerned,
or taking part, in the management of a company under section 299(1)(c)
of the Insolvency Act 2006:
102 Section 52 amended (Application for registration)
(1) Repeal section 52(1)(d)(iii).Part 8 s 97Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
26(2) After section 52(2), insert:
(3) If the requirement under section 8(4) is to be met by virtue of paragraph (a)(ii),
(b)(ii), (c)(ii), or (e)(ii) of that section, the application must —
(a) confirm that at least 1 of the natural persons referred to in that paragraph
is a director of a body corporate that is incorporated in that enforcement
country under a law that is equivalent to the Companies Act 1993; and
(b) include the prescribed information in relation to that directorship.
103 Section 101 amended (Restoration to register of limited partnerships)
In section 101, delete “(except section 328(3)(a))”.
104 Consequential amendment to other enactment
Amend the enactment specified in Part 4 of Schedule 1 as set out in that Part.
Part 10
Amendments to Personal Property Securities Act 1999
105 Amendments to Personal Property Securities Act 1999
This Part amends the Personal Property Securities Act 1999.
106 Section 139 amended (Personal property securities register)
Replace section 139(1) with:
(1) The Registrar must keep a register of personal property security interests
known as the personal property securities register.
107 Section 140 amended (Contents of register)
Replace section 140(b) with:
(b) if the debtor is an organisation that is incorporated, —
(i) if it is incorporated in New Zealand, the unique number assigned
to it on its incorporation; or
(ii) if it is registered under Part 18 of the Companies Act 1993 or
Part 3 of the Limited Partnerships Act 2008, the unique number
assigned to it on its registration under that Act; or
(iii) in any other case, the unique number (if any) assigned to it on its
incorporation in its place of incorporation:
108 Section 142 amended (Data required to register financing statement)
Replace section 142(1)(c) with:
(c) if the debtor is an organisation that is incorporated, its unique incorpor-
ation or registration number referred to in section 140(b):2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 10 s 108
27109 Section 172 amended (Search criteria)
Replace section 172(b) to (d) with:
(b) the name and address of the debtor:
(c) if the debtor is an individual, the name and date of birth of the debtor:
(d) if the debtor is an organisation that is incorporated, its unique incorpor-
ation or registration number referred to in section 140(b):
110 Consequential amendment to other enactment
Amend the enactment specified in Part 5 of Schedule 1 as set out in that Part.
Part 11
Amendments to Plant Variety Rights Act 1987
111 Amendments to Plant Variety Rights Act 1987
This Part amends the Plant Variety Rights Act 1987.
112 Section 5 amended (Applications)
In section 5(1)(c), after “within New Zealand”, insert “or Australia”.
113 Section 35 amended (Service of notices, etc)
In section 35(1)(b) and (c), after “in New Zealand”, insert “or Australia”.
114 Consequential amendment to other enactment
Amend the enactment specified in Part 6 of Schedule 1 as set out in that Part.
Part 12
Amendments to Takeovers Act 1993
115 Amendments to Takeovers Act 1993
This Part amends the Takeovers Act 1993.
116 Section 2 amended (Interpretation)
(1) In section 2(1), insert in their appropriate alphabetical order:
accounting period  has the same meaning as in section 5(1) of the Financial
Reporting Act 2013
subsidiary  has the same meaning as in sections 5 to 8 of the Companies Act
1993
(2) In section 2(1), replace the definition of code company  with:
code company —
(a) has the meaning given to it in section 2A; andPart 10 s 109Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
28(b) includes, for the purpose set out in section 2AB, a company for the time
being treated as a code company under that section
117 Section 2A amended (Meaning of code company)
(1) In section 2A(1), replace “a company that—” with “a company—”.
(2) In section 2A(1)(a), replace “is”, with “that is”.
(3) In section 2A(1)(b), replace “was”, with “that was”.
(4) Replace section 2A(1)(c) with:
(c) that—
(i) has 50 or more shareholders and 50 or more share parcels; and
(ii) is at least medium-sized.
(5) Repeal section 2A(2).
(6) After section 2A(3), insert:
(4) In this section, a company is at least medium-sized  if—
(a) the company has completed 1 or more accounting periods and either or
both of the following are true:
(i) on the last day of the company’s most recently completed
accounting period, the total assets of the company and its subsid-
iaries (if any) are at least $30 million:
(ii) in the most recently completed accounting period, the total reve-
nue of the company and its subsidiaries (if any) is at least $15 mil-
lion; or
(b) the company has not completed its first accounting period and on the last
day of the most recently completed month the total assets of the com-
pany and its subsidiaries (if any) are at least $30 million.
118 New section 2AB inserted (Extended meaning of code company for
purpose of completing code-regulated transactions)
After section 2A, insert:
2AB Extended meaning of code company for purpose of completing code-
regulated transactions
(1) This section applies if a company ceases to be a code company within the
meaning of section 2A(1) as the result of, or during, a transaction or an event
regulated under the takeovers code.
(2) The company continues to be treated as a code company for the purpose of
completing the transaction or event, until the transaction or event is complete
and all requirements of the code in relation to the transaction or event have
been complied with.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 12 s 118
29(3) For the purposes of subsection (2), if, as a result of the transaction or event, a
person becomes a dominant owner in the company, completing the transac-
tion or event  includes applying the compulsory acquisition rules in Part 7 of
the code (and the transaction or event is not complete until those rules are
applied).
(4) Subsection (2) does not prevent the company from again becoming a code
company under section 2A(1).
(5) In this section, —
(a) dominant owner , in relation to a company, means a person who
becomes the holder or controller, or 2 or more persons acting jointly or
in concert who become the holders or controllers, of 90% or more of the
voting rights in the company (whether by reason of acceptances of an
offer or otherwise):
(b) words or expressions used in the definition of dominant owner have the
same meanings as they have in the takeovers code:
(c) a reference to rules in Part 7 of the code includes any other rules that,
with or without modification, replace or correspond to those rules.
119 Schedule 1AA amended
In Schedule 1AA, after clause 1, insert the Part 2 set out in Schedule 4.
120 Consequential revocation of Takeovers Code (Small Code Companies)
Exemption Notice 2016
The Takeovers Code (Small Code Companies) Exemption Notice 2016 (LI
2016/298) is revoked.
121 Consequential amendments to other enactment
Amend the enactment specified in Part 7 of Schedule 1 as set out in that Part.
Part 13
Amendments to Trade Marks Act 2002
122 Amendments to Trade Marks Act 2002
This Part amends the Trade Marks Act 2002.
123 Section 5 amended (Interpretation)
In section 5(1), definition of registered trade mark , after “means” , insert
“, subject to section 60,”.
124 New section 7A inserted (Transitional, savings, and related provisions)
After section 7, insert:Part 12 s 119Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
307A Transitional, savings, and related provisions
The transitional, savings, and related provisions set out in Schedule 1AA have
effect according to their terms.
125 New section 13A inserted (Trade mark not registrable if related
certification trade mark owned)
After section 13, insert:
13A Trade mark not registrable if related certification trade mark owned
If a person owns a certification trade mark in respect of goods or services, a
trade mark in respect of goods or services of the kind certified must not be
registered in the name of that person.
126 Section 14 amended (Additional provisions that relate to registrability of
certification trade marks)
In section 14(b), replace “carries on a trade in ” with “owns a trade mark in
respect of, or otherwise carries on trade in,”.
127 Section 53 replaced (Reissuing certificate of registration)
Replace section 53 with:
53 Replacement of certificate of registration
The Commissioner must issue a new certificate of registration to replace an
existing certificate if —
(a) an application for a new certificate of registration has been made in the
prescribed manner; and
(b) the prescribed fee, if any, has been paid.
128 Sections 59, 60, and 60A replaced
Replace sections 59, 60, and 60A with:
59 Procedure for renewal of registration
(1) On application by the owner of a registered trade mark, the Commissioner
must renew the registration of the trade mark from the date on which the regis-
tration expires (the expiry date ).
(2) An application for renewal must be made to the Commissioner —
(a) not more than 12 months before, and not more than 6 months after, the
expiry date; and
(b) in the prescribed manner.
(3) If the owner has not applied for renewal, the Commissioner must send to the
owner a notice setting out —
(a) the date on which the registration of the trade mark will expire; and2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 13 s 128
31(b) the conditions (as to the payment of fees or otherwise) on which the
registration will be renewed (the renewal conditions ); and
(c) that,—
(i) if the registration is not renewed before the expiry date, the regis-
ter will be changed to record that the trade mark’s status is regis-
tered-past expiry date; and
(ii) if the registration has still not been renewed 6 months after the
expiry date, the trade mark will be removed from the register.
(4) The notice must be sent in the prescribed manner before the expiry date.
(5) If the registration of a trade mark is not renewed before its expiry date, the
Commissioner must record on the register that its status is registered-past
expiry date (until the registration is renewed or it is removed from the register).
(6) The Commissioner must remove the trade mark from the register if —
(a) notice has been sent under subsection (3); and
(b) 6 months have elapsed since the expiry date; and
(c) the renewal conditions have not been met.
60 Effect of registered-past expiry date status
(1) A trade mark has the status of registered-past expiry date  if—
(a) the trade mark’s registration expiry date (referred to in section 59) has
passed; but
(b) the trade mark has not yet been removed from the register.
(2) While the trade mark’s status is registered-past expiry date, the trade mark —
(a) is not a registered trade mark for the purposes of subparts 1 to 3 of
Part 4; but
(b) is a registered trade mark for all other purposes.
(3) If the trade mark’s registration is renewed before it is removed from the regis-
ter under section 59(6) ,—
(a) the renewed registration takes effect from the expiry date ( see section
59(1)); and
(b) the trade mark is taken to have remained a registered trade mark for all
purposes from that date as if its status had not changed.
129 Section 65 amended (Application for revocation of registration of trade
mark)
In section 65(1), after “mark” , insert “on any of the grounds set out in sec-
tion 66”.Part 13 s 129Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
32130 Section 66 amended (Grounds for revoking registration of trade mark)
(1) In section 66(1), replace “registration of a trade mark may be revoked on any
of the following grounds” with “ grounds for revoking the registration of a trade
mark are as follows”.
(2) In section 66(2), replace “despite subsection (1), a trade mark may not be
revoked”  with “there are not grounds for revoking the registration of a trade
mark”.
(3) Replace section 66(3) with:
(3) Subsection (1)(a) does not apply if the owner commences or resumes genuine
use of the trade mark in the course of trade in New Zealand after the expiry of
the 3-year period and before the application for revocation is made.
131 Section 68 amended (Revocation of registration of trade mark)
Replace section 68(1) with:
(1) If the Commissioner or the court is satisfied that grounds for revocation of the
registration of the trade mark exist, the Commissioner or the court must, —
(a) if the grounds exist in respect of all of the goods or services in respect of
which the trade mark is registered, revoke the registration of the trade
mark; or
(b) if the grounds exist in respect of only some of the goods or services in
respect of which the trade mark is registered, revoke the registration of
the trade mark in so far as it relates to those goods or services.
132 Section 167 replaced (Security for costs)
Replace section 167 with:
167 Commissioner or court may require security for costs
(1) The Commissioner or the court, as the case may be, may require a party to
legal proceedings under this Act to give security for the costs of the proceed-
ings if satisfied that —
(a) the party does not reside, and does not carry on business, in New Zea-
land; or
(b) there is reason to believe that the party will be unable to pay the costs of
the other party if unsuccessful in the proceedings.
(2) If the party does not give the security required, the Commissioner or the court
may treat the proceedings as abandoned by the party and determine the matter
accordingly.
133 Section 182 amended (Contents of register)
After section 182(b), insert:2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Part 13 s 133
33(ba) if the trade mark’s status is registered-past expiry date (as defined in sec-
tion 60), a statement to that effect:
134 Section 191 repealed (Declarations, etc, on behalf of certain persons)
Repeal section 191.
135 New Schedule 1AA inserted
Insert the Schedule 1AA set out in Schedule 5 of this Act as the first schedule
to appear after the last section of the Trade Marks Act 2002.
136 Consequential amendments to other enactment
Amend the enactment specified in Part 8 of Schedule 1 as set out in that Part.
Part 14
Amendments to Weights and Measures Act 1987
137 Amendments to Weights and Measures Act 1987
This Part amends the Weights and Measures Act 1987.
138 Section 28 amended (Powers of Inspectors)
Replace section 28(1)(h)(i) with:
(i) any goods sold, or currently kept, displayed, offered, or exposed
for sale; or
139 Section 32 amended (Offences)
(1) In section 32(i), replace “uses, sells, or offers or exposes for sale ” with “uses,
sells, leases, or offers or exposes for sale or lease”.
(2) In section 32(j), replace “or sells” with “, sells, or leases”.
(3) Replace section 32(k) with:
(k) without lawful excuse —
(i) increases or diminishes any stamped weight or measure; or
(ii) uses, sells, leases, or offers or exposes for sale or lease any stam-
ped weight or measure that has been increased or diminished; orPart 13 s 134Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
34Schedule 1
Consequential amendments
ss 35, 48, 97, 104, 110, 114, 121, 136
Part 1
Consequential amendment relating to amendments to Credit
Contracts and Consumer Finance Act 2003
Credit Contracts and Consumer Finance Regulations 2004 (SR 2004/240)
Revoke regulation 18A.
Part 2
Consequential amendments relating to amendments to Geographical
Indications (Wine and Spirits) Registration Act 2006
Geographical Indications (Wine and Spirits) Registration Regulations 2017
(LI 2017/146)
Replace regulation 3(1)(d) with:
(d) Part 4 contains provisions relating to renewing the registration of a geo-
graphical indication:
In the Part 4 heading, delete “ and restoration ”.
Revoke regulation 36 and the cross-heading above regulation 36.
Revoke regulation 37(b).
Replace regulation 38 and the cross-heading above regulation 38 with:
38 Notice of pending expiry
(1) For the purposes of section 47B(2)(aaa) of the Act, the prescribed period is 2
months before the registration’s expiry date.
(2) A notice for the purposes of section 47B(1)(a) of the Act must be sent to the
last known postal or email address of each person or organisation referred to in
that paragraph.
In Schedule 2, delete the 2 items relating to regulation 38.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 1
35Part 3
Consequential amendments relating to amendments to Insolvency
Act 2006
Protection of Personal and Property Rights Act 1988 (1988 No 4)
In Schedule 1 , clause (1)(a)(ii), replace “summary instalment” with “debt repayment”
in each place.
High Court Rules 2016 (LI 2016/225)
In rule 24.17(1)(b), replace “summary instalment” with “debt repayment”.
Insolvency (Personal Insolvency) Regulations 2007 (SR 2007/333)
In regulation 5, replace “summary instalment” with “debt repayment” in each place.
In the Part 5 heading, replace “ Summary instalment ” with “ Debt repayment ”.
In the heading to regulation 44, replace “summary instalment ” with “debt repay-
ment ”.
In regulation 44(1), replace “summary instalment” with “debt repayment”.
In regulation 45(1), replace “summary instalment ” with “debt repayment ” in each
place.
In the heading to regulation 47, replace “summary instalment ” with “debt repay-
ment ”.
In regulation 47, replace “summary instalment” with “debt repayment”.
In regulation 48, replace “summary instalment” with “debt repayment” in each place.
In the heading to regulation 49, replace “summary instalment ” with “debt repay-
ment ”.
In regulation 49(1), replace “summary instalment” with “debt repayment”.
In the heading to regulation 50, replace “summary instalment ” with “debt repay-
ment ”.
In regulation 50(1), replace “summary instalment” with “debt repayment”.
In regulation 56, replace “summary instalment” with “debt repayment”.
In the heading to regulation 57, replace “summary instalment ” with “debt repay-
ment ”.
In regulation 57(1), replace “summary instalment” with “debt repayment”.
In regulation 61(1), replace “summary instalment” with “debt repayment”.
In regulation 62(1), replace “summary instalment” with “debt repayment”.
In regulation 63(1), replace “summary instalment” with “debt repayment”.
In regulation 70, replace “summary instalment” with “debt repayment”.
In regulation 72(2), replace “summary instalment” with “debt repayment”.Schedule 1Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
36Part 4
Consequential amendment relating to amendments to Limited
Partnerships Act 2008
Limited Partnerships Regulations 2008 (SR 2008/93)
Replace regulation 4(da) with:
(da) if section 52(3)  of the Act applies, in relation to the proposed general
partner, or the director, partner, or general partner of the proposed
general partner, who is a natural person and who lives in an enforcement
country, —
(i) whether the person is a director of a body corporate that is incorp-
orated in that enforcement country under a law that is equivalent
to the Companies Act 1993; and
(ii) if so, that body corporate’s —
(A) registered name; and
(B) registration number or other unique identifier; and
(C) registered office or, if there is no registered office required
by law, the body corporate’s address for service:
Part 5
Consequential amendment relating to amendments to Personal
Property Securities Act 1999
Personal Property Securities Regulations 2001 (SR 2001/79)
Revoke regulation 15.
Part 6
Consequential amendment relating to amendments to Plant Variety
Rights Act 1987
Plant Variety Rights Regulations 1988 amended (SR 1988/101)
In regulation 9(c), after “New Zealand”, insert “or Australia”.
Part 7
Consequential amendments relating to amendments to Takeovers
Act 1993
Takeovers Code Approval Order 2000 (SR 2000/210)
This Part amends the takeovers code set out in the Schedule  of the Takeovers Code
Approval Order 2000.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 1
37Takeovers Code Approval Order 2000 (SR 2000/210) —continued
In rule 3(1), replace the definition of code company  with:
code company —
(a) has the meaning given to it in rule 3A; and
(b) includes, for the purpose set out in rule 3AB, a company for the time
being treated as a code company under that rule
In rule 3A(1), replace “a company that—” with “a company—”.
In rule 3A(1)(a), replace “is” with “that is”.
In rule 3A(1)(b), replace “was” with “that was”.
Replace rule 3A(1)(c) with:
(c) that—
(i) has 50 or more shareholders and 50 or more share parcels; and
(ii) is at least medium-sized.
Revoke rule 3A(2).
After rule 3A(3), insert:
(3A) In this rule, a company is at least medium-sized  if—
(a) the company has completed 1 or more accounting periods and either or
both of the following is true:
(i) on the last day of the company’s most recently completed
accounting period, the total assets of the company and its subsid-
iaries (if any) are at least $30 million:
(ii) in the most recently completed accounting period, the total reve-
nue of the company and its subsidiaries (if any) is at least $15 mil-
lion; or
(b) the company has not completed its first accounting period and on the last
day of the most recently completed month the total assets of the com-
pany and its subsidiaries (if any) are at least $30 million.
After rule 3A, insert:
3AB Extended meaning of code company for purpose of completing code-
regulated transactions
(1) This rule applies if a company ceases to be a code company within the meaning
of rule 3A(1) as the result of, or during, a transaction or an event regulated
under this code.
(2) The company continues to be treated as a code company for the purpose of
completing the transaction or event until the transaction or event is complete
and all requirements of the code in relation to the transaction or event have
been complied with.Schedule 1Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
38Takeovers Code Approval Order 2000 (SR 2000/210) —continued
(3) For the purposes of subclause (2), if, as a result of the transaction or event, a
person becomes a dominant owner in the company, completing the transac-
tion or event  includes applying the compulsory acquisition rules in Part 7 (and
the transaction or event is not complete until those rules are applied).
(4) Subclause (2) does not prevent the company from again becoming a code com-
pany under rule 3A(1).
(5) In this rule, dominant owner , in relation to a company, means a person who
becomes the holder or controller, or 2 or more persons acting jointly or in con-
cert who become the holders or controllers, of 90% or more of the voting rights
in the company (whether by reason of acceptances of an offer or otherwise).
Part 8
Consequential amendments relating to amendments to Trade Marks
Act 2002
Trade Marks Regulations 2003 (SR 2003/187)
In regulation 132(1) and (3), replace “section 59(2)” with “section 59(3)”.
Revoke regulation 132(3)(a).
In regulation 132(3)(b), replace “it” with “the registration”.
Revoke regulation 133(1)(b).
Revoke regulation 134 and the cross-heading above regulation 134.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 1
39Schedule 2
Amendments to Schedule 1AA of Credit Contracts and Consumer
Finance Act 2003
s 34(4)
Regulatory Systems (Economic Development) Amendment Act 2019
4 Creditor may, by notice to debtors, apply Part 3A to existing agreements
(1) Part 3A applies to the existing agreements described in this clause.
(2) The existing agreements are those agreements —
(a) to which Part 3A (as in force immediately before the commencement of
the Regulatory Systems Act 2019) would have applied if the agreements
had been entered into on or after the date on which Part 3A came into
force; and
(b) in respect of which neither a creditor nor a debtor has taken any action
(such as issuing a pre-possession notice) under the principal Act or the
Credit (Repossession) Act 1997, as in force immediately before the com-
mencement of Part 3A; and
(c) in respect of which any creditor under the agreement has given notice to
every debtor under the agreement —
(i) stating that Part 3A will apply to the agreement; and
(ii) specifying the date on which Part 3A begins to apply to the agree-
ment (which must be at least 5 working days after the last notice
is given); and
(iii) summarising the rights and obligations of the creditors and the
debtors under Part 3A.
(3) Part 3A applies to an existing agreement on and from the date referred to in
subclause (2)(c)(ii) as if that agreement were a consumer credit contract.
(4) On and from the date on which Part 3A begins to apply to an existing agree-
ment, the Credit (Repossession) Act 1997 (as in force immediately before the
commencement of Part 3A) ceases to apply for the purposes of the agreement.
(5) Section 83ZQ applies to the giving and receiving of a notice under subclause
(2).
5 Application of Part 3A and related provisions to existing credit contracts
(1) This clause applies to a credit contract if, —
(a) immediately before the Regulatory Systems Act 2019 came into force,
Part 3A applied to the contract; but
(b) the contract is not a consumer credit contract.Schedule 2Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
40(2) The following provisions continue to apply to the contract as if that contract
were a consumer credit contract:
(a) section 5, definition of costs of borrowing:
(b) section 9B, definitions of agreement, lender, and relevant guarantee:
(c) section 9K:
(d) Part 3A.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 2
41Schedule 3
New Part 2 inserted into Schedule 1AA of Insolvency Act 2006
s 98
Part 2
Provisions relating to Regulatory Systems (Economic Development)
Amendment Act 2019
8 Interpretation
(1) In this Part, —
Amendment Act  means the Regulatory Systems (Economic Development)
Amendment Act 2019
commencement date  means the date on which Part 8 of the Amendment Act
comes into force
summary instalment order  means a summary instalment order (as defined in
former section 340) that was made under former section 343.
(2) In this Part, —
(a) a reference to a section  (for example, section 158 ) is a reference to that
section as in force on and from the commencement date; and
(b) a reference to a former section  (for example, former section 158) is a
reference to that section as in force immediately before the commence-
ment date.
9 Application of section 67(2) to statement of affairs filed before
commencement date
Section 67(2) does not apply in relation to a statement of affairs filed with the
Assignee before the commencement date.
10 Application of section 149
Section 149 applies to undischarged bankrupts —
(a) whether they were adjudicated bankrupt before, on, or after the com-
mencement date; and
(b) whether the relevant work began before, on, or after the commencement
date.
11 Former sections 158 and 159 apply if person adjudicated bankrupt before
commencement date
If a person is adjudicated bankrupt before the commencement date, —
(a) section 158 does not apply to the person; andSchedule 3Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
42(b) former sections 158(1) to (4), 159, 160, 161, and 162 continue to apply
to the person.
12 First Order in Council under section 158(4) after commencement date
The first Order in Council made under section 158(4)  after the commencement
date may take into account any rise in the all groups index number of the New
Zealand Consumers Price Index that occurred on or after 1 July 2019.
13 Former section 164 applies if person adjudicated bankrupt before
commencement date
If a person is adjudicated bankrupt before the commencement date, —
(a) section 164 does not apply to the person; and
(b) former section 164 continues to apply to the person.
14 Application of section 165(1)(b)
Section 165(1)(b) applies whether the bankrupt to whom the requirement
relates was adjudicated bankrupt before, on, or after the commencement date.
15 Former section 178 applies to public examination started before
commencement date
Section 178 does not apply, and former section 178 continues to apply, to a
public examination of a bankrupt that started before the commencement date.
16 Application of section 193 if gift or contribution made before
commencement date
(1) For the purposes of section 205, —
(a) section 193 does not apply in relation to a gift made by a bankrupt
before the commencement date; and
(b) former section 193 continues to apply in relation to the gift.
(2) For the purposes of section 213, —
(a) section 193 does not apply in relation to a contribution made by a bank-
rupt before the commencement date; and
(b) former section 193 continues to apply in relation to the contribution.
17 Application of section 290A to bankrupt who died before commencement
date
(1) Section 290A applies to a bankrupt who dies after the date that is 3 years
before the commencement date.
(2) A bankrupt is automatically discharged from bankruptcy on the commence-
ment date if the bankrupt died —
(a) on or after 3 December 2007 but before or on the date that is 3 years
before the commencement date; and2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 3
43(b) before filing a statement of affairs.
Summary instalment orders
18 Debt repayment order includes summary instalment order
On and from the commencement date, a reference in this Act, any other enact-
ment, or any instrument or document to a debt repayment order  includes a
summary instalment order unless —
(a) this Part provides otherwise; or
(b) the context otherwise requires.
19 Outstanding applications for summary instalment orders
(1) An application made under former section 342 for a summary instalment order
must, on and from the commencement date, be treated as an application for a
debt repayment order.
(2) Subclause (1) applies unless the Assignee has, before the commencement date,
made a summary instalment order (or, as the case may be, declined to make the
order) in response to the application.
20 Former section 350A continues to apply to summary instalment orders
Section 350A does not apply, and former section 350A continues to apply, to
summary instalment orders.
21 Former section 352 continues to apply to summary instalment orders
Section 352 does not apply, and former section 352 continues to apply, to a
debtor in respect of whom a summary instalment order was made before the
commencement date.
22 Section 358B(2) and (3) applies if debtor discharged on or after
commencement
Section 358B(2) and (3) applies in relation to the discharge of a debtor from a
debt repayment order only if the discharge occurs on or after the commence-
ment date.
No asset procedure
23 Former section 363 continues to apply if application made before
commencement date
Section 363 does not apply, and former section 363 continues to apply, in rela-
tion to a debtor who applied for entry to the no asset procedure before the com-
mencement date.Schedule 3Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
4424 Court may not reverse cancellation of debts if discharge occurred before
commencement date
(1) The court may not exercise its powers under sections 377C to 377E in relation
to the debts of a person who was discharged from the no asset procedure before
the commencement date.
(2) The court may not exercise its powers under section 374 on the ground in sec-
tion 374(1)(b) in relation to the assets of a person who was discharged from the
no asset procedure before the commencement date.
25 Application of section 449
(1) Section 449(1)(ab) applies in respect of a person ( P) who is or has been bank-
rupt (whether P was adjudicated bankrupt before, on, or after the commence-
ment date and whether the bankruptcy was first entered on the public register
before, on, or after the commencement date).
(2) Section 449(1)(ga) applies in respect of a person who is subject to a current
debt repayment order (whether the order was made before, on, or after the
commencement date and whether the order was first entered on the public
register before, on, or after the commencement date).
(3) Section 449(1)(n) applies in respect of a person who is subject to a current debt
repayment order (whether the order was made before, on, or after the com-
mencement date and whether the order was first entered on the public register
before, on, or after the commencement date).2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 3
45Schedule 4
New Part 2 inserted into Schedule 1AA of Takeovers Act 1993
s 119
Part 2
Provision relating to Regulatory Systems (Economic Development)
Amendment Act 2019
2 Existing transactions unaffected
(1) This Act, the takeovers code, and any relevant exemptions from the takeovers
code, as in force immediately before commencement, continue to apply to
every transaction and event regulated under the code (or that would be regu-
lated under the code but for an exemption) that has started but is not completed
before commencement (an existing transaction ), until the existing transaction
is complete and all requirements of the code and any exemptions (as relevant)
have been complied with.
(2) In particular, a company that, because it is not at least medium-sized, ceases to
be a code company on commencement continues to be a treated as a code com-
pany for the purpose of completing existing transactions (if any).
(3) For the purposes of this clause, if, as a result of an existing transaction, a per-
son becomes a dominant owner in the company, completing existing transac-
tions  includes applying the compulsory acquisition rules in Part 7 of the code
(and the existing transaction is not complete until those rules are applied).
(4) Subclause (2) —
(a) does not limit subclause (1); and
(b) does not prevent the company from again becoming a code company.
(5) In this clause, —
commencement  means commencement of Part 12 of the Regulatory Systems
(Economic Development) Amendment Act 2019
dominant owner , in relation to a company, means a person who becomes the
holder or controller, or 2 or more persons acting jointly or in concert who
become the holders or controllers, of 90% or more of the voting rights in the
company (whether by reason of acceptances of an offer or otherwise); and
words or expressions used in the definition of dominant owner have the same
meanings as they have in the takeovers code.Schedule 4Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
46Schedule 5
New Schedule 1AA inserted into Trade Marks Act 2002
s 135
Schedule 1AA
Transitional, savings, and related provisions
s 7A
Part 1
Provision relating to Regulatory Systems (Economic Development)
Amendment Act 2019
1 Restoration provisions continued for trade marks removed before
commencement date
(1) Despite their replacement or revocation by the Amendment Act, the restoration
provisions continue to apply in relation to a trade mark that, before the com-
mencement date, was removed from the register for non-payment of the
renewal fee.
(2) This clause is repealed at the close of the day that is 1 year after the com-
mencement date.
(3) In this clause, —
Amendment Act  means the Regulatory Systems (Economic Development)
Amendment Act 2019
commencement date  means the date on which section 128  of the Amendment
Act comes into force
restoration provisions  means sections 59 and 60 of this Act and regulation
134 of the Trade Marks Regulations 2003 as in force immediately before the
commencement date.2019 No 62Regulatory Systems (Economic Development)
Amendment Act 2019 Schedule 5
47Legislative history
12 December 2018 Introduction (Bill 100–1)
21 February 2019 First reading and referral to Economic Development, Science
and Innovation Committee
2 August 2019 Reported from Economic Development, Science and Innovation
Committee (Bill 100–2)
17 October 2019 Second reading
22 October 2019 Committee of the whole House (Bill 100–3)
7 November 2019 Third reading
13 November 2019 Royal assent
This Act is administered by the Ministry of Business, Innovation, and Employment.
Wellington, New Zealand:
Published under the authority of the New Zealand Government—2019Regulatory Systems (Economic Development)
Amendment Act 2019 2019 No 62
48