New Zealand Acts

GAS (INFORMATION DISCLOSURE AND PENALTIES) AMENDMENT ACT 2021 - SECT 14

14 New section 43TA inserted (Regulations may provide for pecuniary penalties for consumers (other than domestic consumers))

After section 43S , insert:

43TA Regulations may provide for pecuniary penalties for consumers (other than domestic consumers)

1 Any regulations made under this subpart may do 1 or more of the following:

a) identify provisions of regulations made under this subpart, or provisions of rules made under section 43Q, for the purposes of subpart 5 (which allows the High Court to impose a pecuniary penalty on a consumer (other than a domestic consumer) for a breach of those identified provisions):

b) prescribe, in relation to each of those provisions, the maximum pecuniary penalty that may be imposed under subpart 5 for a breach:

c) prescribe a defence to a proceeding under subpart 5 or prescribe other matters relating to when a breach gives rise to liability for a pecuniary penalty under that subpart.

2 A maximum pecuniary penalty referred to in subsection (1)(b) must not exceed $200,000.