New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) All property, both real and personal, held by the Ngaitahu Maori Trust Board immediately before the commencement of this Act is hereby vested in Te Runanga o Ngai Tahu, subject to all liabilities, charges, obligations, trusts, covenants, and conditions, affecting that property.
(2) Notwithstanding subsection (1), nothing in the Maori Trust Boards Act 1955 or in provisions repealed by this Act shall apply in relation to Te Runanga o Ngai Tahu or in relation to the administration by Te Runanga o Ngai Tahu of the property vested in Te Runanga o Ngai Tahu by subsection (1).
