New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) If, before the commencement of this notice, a developer, a society, or a person acting on behalf of either a developer or a society has offered specified securities in reliance on the Securities Act (Residential Property Developments) Exemption Notice 1999, an offer and allotment of those specified securities may continue to be made by those persons in accordance with either—
(a) this notice; or
(b) the Securities Act (Residential Property Developments) Exemption Notice 1999 as in force immediately before that notice was revoked as if that notice had not been revoked.
(2) In subclause (1), developer, society, and specified security have the same meaning as in the Securities Act (Residential Property Developments) Exemption Notice 1999.
(3) Until the commencement of section 299 of the Lawyers and Conveyancers Act 2006, the reference to a lawyer, an incorporated law firm, a conveyancing practitioner, or an incorporated conveyancing firm under that Act in clause 6(i)(i) must be treated as a reference to a solicitor under the Law Practitioners Act 1982.