Does this law cover the use of online “file lockers” or downloading from YouTube?

Maybe, but not for now. InternetNZ sought an official statement on this matter from the Ministry of Economic Development on this subject and was informed that the intention of the Copyright (Infringing File Sharing) Amendment Act 2011 is to quell infringement occurring over peer-to-peer (“P2P”) protocols and networks like bittorrent or gnutella. This does not include video or music streaming, ripping videos from YouTube, or online file lockers.

However, as explained by InternetNZ Chief Executive Vikram Kumar, “despite the intentions behind the law, the definitive interpretation will come from decisions made by the Copyright Tribunal and Courts if [the scope] of the law is ever tested”.

The copyright owner can attempt to recover financial penalties from individuals for infringement no matter how the infringement occurred. The new law was designed to make it easier for copyright owners to do so with file-sharers.