NBDT Act definition

NBDT Act means the Non-Bank Deposit Takers Act 2013;
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NBDT Act means the Non­Bank Deposit Takers Act 2013.
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Examples of NBDT Act in a sentence

  • The NBDT Act requires that we have and maintain a Risk Management Programme.

  • We are a non-bank deposit taker (NBDT) in terms of the Non-bank Deposit Takers Act 2013 (the NBDT Act) and are licensed under section 14 of the NBDT Act, subject to conditions imposed by the Reserve Bank of New Zealand (Reserve Bank).

  • It is a NBDT registered under the NBDT Act and a mortgage lending company.

  • For example, under section 14 of the NBDT Act the Reserve Bank must have regard to whether the applicant's ownership, and its incorporation and ownership structure, is appropriate having regard to the size and nature of the applicant's business.

  • FEI's obligations under the FMC Act and NBDT Act are set out in the Compliance Manual which forms part of the Corporate Governance Manual.

  • Nominations should be of mMembers who have completed the “Fit and Proper Person Declaration”, the “Suitability Notice for Director” as prescribed by the NBDT Act, the “Personal Information Statement’, and who meet the requirements of the Credit Union’s ‘Fit and Proper P erson’ policyPerson Policy to the satisfaction of the director of the nominating committeeNominating Committee, and are subject at all times to any requirements prescribed by the Reserve Bank of New Zealand for credit union directors.

  • The exemption applies because Credit Union Auckland has liabilities less than $20 million, making it unduly onerous and burdensome to comply with the requirement under the NBDT Act to have a credit rating.

  • Furthermore, RBNZ may, by written notice, impose any conditions on BOS in relation to the publication, disclosure, or use of information or documents provided to it by RBNZ in accordance with section 105(3) of the RBNZ Act or section 54(3) of the NBDT Act (as the case may be).

  • However, we remain principally liable and responsible for our own secured obligations, including for the repayment of Shares and returns on Shares to members.NZFP is a member of our borrowing group in accordance with the NBDT Act.

  • This is because it is operating under an exemption from the requirement of section 23 of the Non-bank Deposit Takers Act 2013 (NBDT Act) to have a credit rating, meaning that the creditworthiness of Credit Union Auckland is not rated by a rating agency approved by the RBNZ under section 86 of the NBDT Act.

Related to NBDT Act

  • IT Act means the Income Tax Act, 1961;

  • FILOT Act means Title 12, Chapter 44, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.

  • ECT Act means the Electronic Communications and Transaction Act No 25 of 2002, as amended;

  • VAT Act means the Value Added Tax Act, No 89 of 1991, as may be amended from time to time.

  • Corrupt Act means any offence in respect of corruption or corrupt activities contemplated in the Prevention and Combating of Corrupt Activities Act No. 12 of 2004;

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Terrorist Act means an act including but not limited to the use or threatened use of force or violence against person or property, or commission of an act dangerous to human life or property, or commission of an act that interferes with or disrupts an electronic or communication system, undertaken by any person or group, whether or not acting on behalf of or in connection with any organization, government, power, authority or military force, when the effect is to intimidate or coerce a government, the civilian population or any segment thereof, or to disrupt any segment of the economy.

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • Violent act means behavior that resulted in homicide,

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • the 1991 Act means the Water Industry Act 1991(a);

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Budget Act means an act containing appropriations which form a portion of the state's annual budget.

  • the 1996 Act means the Education Act 1996;

  • USA PATRIOT Act means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.

  • Privacy Act means the Privacy Act 1988 (Cth).

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • the 1972 Act means the Local Government Act 1972.

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1988 Act means the Local Government Finance Act 1988.

  • the 1990 Act means the Town and Country Planning Act 1990;

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);