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2016 review of Section 99(1A) of the Credit Contracts and Consumer Finance Act 2003

Changes were made to section 99(1A) of the Credit Contracts and Consumer Finance Act (CCCFA) in 2019, following a review of this provision. The changes are found in sections 95A and 95B of the CCCFA, which expressly enable a court (on application by the lender) to vary or remove the effect of section 99(1A).

About

The Ministry of Business, Innovation and Employment (MBIE) is the Government’s lead business-facing agency. Our contribution to improving the well-being of New Zealanders is summarised in our purpose, to grow New Zealand for all.

Economic regulation of water services

Local government water supply and wastewater services are subject to economic regulation under Part 4 of the Commerce Act 1986. This is part of the Government’s Local Water Done Well programme.

Key terms

Key terms, definitions and governance concepts used across MBIE's project portfolio. Use this information to understand how project health, investment delivery, benefits, risks and assurance activities are measured, reported and managed.