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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Schedule 1 Miscellaneous and Consequential Amendments to Credit Union Act 1997

Section 35.

Item

Provision affected

Amendment

1

Section 6(1) (f)

Delete

2

Section 10

After subsection (6) insert:

"(7) Notwithstanding subsection (6) a credit union which is a sub-office of a registered credit union may cause its name, along with the registered name of the credit union, to be painted or affixed, and to be kept painted or affixed, in a conspicuous position and in letters easily legible, on the outside of its office.".

3

Section 11(5)

Substitute "may decide to direct and direct the credit union to change its name to a name approved by the Bank" for "may direct the credit union to change its name to a name approved by the Bank".

4

Section 14

Insert after subsection (3):

"(3A) Before sending a copy of the amended rules to the Bank under subsection (2) the credit union is required to satisfy itself that the amendment is not contrary to the financial services legislation.".

5

Section 14

Substitute for subsections (4) an

Comparing proposed amendment...