What the official record says
This Act is the Consumer Guarantees (Removal of Unrelated Party Lender Responsibility) Amendment Act . This Act comes into force on the day after the date on which it receives the Royal assent. This Act amends the Consumer Guarantees Act 1993 (the ). In section 2(1), insert in its appropriate alphabetical order: means the New Zealand Equivalent to International Accounting Standard 24 issued by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants and approved by the Accounting Standards Review Board in November 2004 under the Financial Reporting Act 1993; and includes any amendments to the standard In section 2(1), definition of , replace paragraph (b)(ii) with: a creditor within the meaning of the Credit Contracts and Consumer Finance Act 2003 who