New Zealand
10 regulators · 15 laws & regulations · 5 obligations · 4 enforcement actions
| Obligation | Timing | Regulator | Arises from | Source | Detail |
|---|---|---|---|---|---|
| All industries | |||||
| Deal with each other in good faith in the employment relationship | Ongoing | MBIE | — | source | |
Section 4(1)(a) requires the parties to an employment relationship to deal with each other in good faith, and s 4(1)(b) bars them from doing anything to mislead or deceive each other. Section 4(1A)(b) says good faith requires the parties to be active and constructive. Labour Inspectors, the Authority and the court hold enforcement powers (s 3(ab)). |
|||||
| Payments & Fintech | |||||
| Register on the Financial Service Providers Register before providing a financial service | Before providing the service, then ongoing | MBIE | — | source | |
Section 11(1)(a) requires a person in the business of providing a financial service to be registered for that service, and s 11(2) makes a knowing breach an offence (up to 12 months' imprisonment or a $100,000 fine for an individual, and a fine of up to $300,000 otherwise). Service types in s 5(1) include operating a money or value transfer service and issuing or managing electronic money. The FMA says crypto-asset service providers must register where the Act applies. |
|||||
| No obligations match these filters. | |||||