Enforceable Undertakings

Enforceable undertakings are written undertakings that are offered by a party (or parties) to the Commission, and accepted by the Commission, under section 69J of the Securities Act. They are enforceable in the Court if a party fails to fulfil the undertaking.

Generally a party that offers the Commission an enforceable undertaking has acknowledged non-compliance with securities law or other matters of concern, and agreed to take specific steps to address the breach.

The Commission will accept an enforceable undertaking when it considers it to be the most appropriate outcome. Accepting an undertaking does not prevent the Commission from exercising any of its other enforcement powers if necessary.

Enforceable undertakings are made public through the Commission's website. Copies of enforceable undertakings can be downloaded as PDF files, or viewed as HTML files, by clicking on the links below.

7 April 2008		Foodstuffs (Wellington) Co-operative Society Limited
20 June 2007		Contributory Mortgage Investments Limited
6 March 2007		Kensington Park Properties Limited, Patrick Marinus Fontein
6 March 2007		Huka Falls Resort Limited, Patrick Marinus Fontein
8 June 2006		The Gables Limited, Combined Financial Services Limited, Aoraki Commercial Property Limited, Rhys David Morgan, Lorraine Te Atairehia Morgan, Neville Ian Cant
23 February 2006		Contributory Mortgage Investments Limited, Robert John Martin and Peter van Nieuwkoop
7 July 2005		Monaco Village Holdings Limited, Robert Michael Gepp and Roderick Hugh Duke
7 July 2005		Alpine Pacific Developments Limited, Neil Gurdjieff Dougan and Ernest Ross Thomson
7 July 2005		Braemar Lodge 2004 Limited, Neil Gurdjieff Dougan and Ernest Ross Thomson
21 February 2005		South Pacific Energy Limited, Calgary Petroleum, Dene Biddlecombe, Bruce Harnett, Murray Hosking, Bill Treuren and Paul Twynham
22 December 2004		US 50 Fund Limited Brian Phillip Henry, Dennis Jay Gates, Kevin James Gillespie
22 December 2004		Carlin Enterprises, Styx Mill Country Club Incorporated and Kevin David Carlin
3 December 2004		Momentum Magazine Group Limited, D B Hows, and T D Lawrence, L Blincoe
29 November 2004		Auckland Investment Properties Limited, Commercial Investment Properties Limited, and Cheryl Tracy Macaulay
16 November 2004		Kookmin Bank and Jung - Tae Kim
06 September 2004		LDC Investments Limited, David Gordon Miller and Kevin Elliot
18 June 2004		Kiwibank Limited and Richard Westlake
07 May 2004		TSB Bank Limited and K.W.G. Rimmington on behalf of each TSB director
08 April 2004		Secure Property Investment Limited and Murray Rex Alcock
26 March 2004		Asset Finance Limited and Clive Nelson George
17 March 2004		Prudential Mortgage Limited, Thomas Alexander George Jones and Hayden George Jones
12 March 2004		Aquiline Holdings Limited, Ronald James Scott, Graham Mitchell Cowley, David Blair Oldershaw and James McCrea
17 December 2003		Capital Funding Limited, C.A. Snell and G.Ward
03 September 2003		Stage Three/Four Limited, Pinnacle Hill Farms Limited and Stuart George Searle
03 September 2003		Bridgecorp Investment Limited, R M Petricevic
18 June 2003		NZFIL 3 Limited, NZ Forestry Investment Limited and Ross Anthony Collins