New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) All money received by the Crown from the operation of this Act shall be paid into the Crown Bank Account and shall be credited to such funds or accounts as may be determined from time to time by the Minister of Finance.
(2) All money payable under this Act shall be paid out of money from time to time appropriated by Parliament for the purpose.
(3) [Repealed]
(4) Notwithstanding subsection (2) of this section, any person or body, unless prohibited from doing so by any Act, regulation, or instrument of trust, may make to the Minister a grant or gift of money for specified or general purposes of this Act, and the Minister may accept any such grant or gift for such purposes.
(5) All money received by the Minister under subsection (4) of this section shall be paid into the Crown Bank Account to the credit of an account known as the Forest Service Grants and Gifts Trust Account, and shall be applied, without further appropriation than this subsection, to the purposes for which the grant or gift was accepted by the Minister.
Compare: 1948 No 56 s 3
Subsection (3) was repealed by section 8 Forests Amendment Act 1987.
Subsections (4) and (5) were added by section 3 Forests Amendment Act 1981.
The terms Public Account and Trust Account referred to in subsections (1) and (5) were abolished by section 83(1) Public Finance Act 1989 (1989 No 44) and substituted by a reference to the “Crown Bank Account”
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Subsection (5) was amended, as from 25 January 2005, by section 37(1) Public Finance Amendment Act 2004 (2004 No 113) by omitting the words “within the Crown Bank Account”
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