Heritage NZ Northland manager Bill Edwards said the Act made it an offence to interfere with, damage or destroy any part of the wreck without permission.
People could still visit and look at the wreck, but the penalties for removing artifacts were "pretty severe''.
The maximum fine for modifying an archaeological site is $60,000 for a person and $120,000 for a company; the fines for destroying an archaeological site are $150,000 and $300,000.
The wreck was important because it explained the valuable contribution Chinese made to New Zealand history.
"It's also a memorial to those hard-working men,'' he said.
It is believed that video footage of objects being removed from the wreck was filmed before legal protection came into effect. It was suggested the artifacts could be sent to a museum in China.
However, anyone who wants to export them would first have to prove legal ownership; then apply to the Ministry for Culture and Heritage to see whether the objects were protected or would be a loss to New Zealand heritage.