Reprint
as at 1 April 1978

Coat of Arms of New Zealand

Finance Act 1952

Public Act1952 No 57
Date of assent23 October 1952
Commencement23 October 1952

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

This Act is administered by the Treasury.


An Act to make provision with respect to public finance and other matters

1 Short Title
  • This Act may be cited as the Finance Act 1952.

2 Tasman Pulp and Paper Co Ltd
  • (1) The Minister of Finance may from time to time, on behalf of Her Majesty the Queen, subscribe for or otherwise acquire shares in the Tasman Pulp and Paper Company Limited, a company incorporated under the Companies Act 1933, and may from time to time exercise on behalf of Her Majesty all Her Majesty's rights and powers as the holder of any such shares.

    (2) The Minister of Finance may from time to time, on behalf of Her Majesty the Queen,—

    • (a) advance moneys to the Tasman Pulp and Paper Company Limited; and

    • (b) give in respect of any advances made to the company by any other person any guarantee, indemnity, or security, pursuant to section 86 of the Public Finance Act 1977—

    upon or subject to such terms and conditions as the Minister thinks fit.

    (3) All money required to be paid by the Minister of Finance under subsection (1) or subsection (2)(a) shall be paid out of the Loans Account from money appropriated by Parliament for the purpose.

    (4) The Minister of Finance may from time to time, on behalf of Her Majesty the Queen, enter into agreements with the Tasman Pulp and Paper Company Limited for the purpose of giving full effect to the provisions of this section.

    Section 2(2)(b): amended, on 1 April 1978, by section 127(a) of the Public Finance Act 1977 (1977 No 65).

    Section 2(3): replaced, on 1 April 1978, by section 127(b) of the Public Finance Act 1977 (1977 No 65).

3 Transfer of surplus in Consolidated Fund to National Development Loans Account
  • [Repealed]

    Section 3: repealed, on 1 January 1954, by section 120(1) of the Public Revenues Act 1953 (1953 No 73).

4 Increasing limit of National Savings Investment Accounts
  • [Repealed]

    Section 4: repealed (with effect on 9 July 1959), on 24 September 1959, by section 2(2) of the National Savings Amendment Act 1959 (1959 No 16).

5 Provisions as to disqualification of members of Parliament not to apply in certain cases
  • The provisions of the Electoral Act 1927 as to the disqualification of members of Parliament or of candidates for election as members of Parliament shall not apply to any payment that has been received out of public moneys by—

    • (a) Sidney WaIter Smith, Esquire, member of Parliament, in respect of the acquisition from him of certain land in the Kawakawa Survey District, North Auckland Land District, and certain stock and chattels carried or used on that land in connection with the farming thereof, the said land, stock, and chattels having been acquired for the settlement of discharged servicemen under the Land Act 1948:

    • (b) Harry Robson Lake, Esquire, member of Parliament, in respect of the acquisition of certain land in the Christchurch Survey District, Canterbury Land District, from Lamond Construction Company Limited, a company of which the said Harry Robson Lake is a director, the said land having been acquired for housing purposes.


Contents

  • 1General

  • 2Status of reprints

  • 3How reprints are prepared

  • 4Changes made under section 17C of the Acts and Regulations Publication Act 1989

  • 5List of amendments incorporated in this reprint (most recent first)


Notes
1 General
  • This is a reprint of the Finance Act 1952. The reprint incorporates all the amendments to the Act as at 1 April 1978, as specified in the list of amendments at the end of these notes.

    Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order. For more information, see http://www.pco.parliament.govt.nz/reprints/ .

2 Status of reprints
  • Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment. This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.

    This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

3 How reprints are prepared
  • A number of editorial conventions are followed in the preparation of reprints. For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted. For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.

4 Changes made under section 17C of the Acts and Regulations Publication Act 1989
  • Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice. Changes that would alter the effect of the legislation are not permitted.

    A new format of legislation was introduced on 1 January 2000. Changes to legislative drafting style have also been made since 1997, and are ongoing. To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.

    In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint:

    • omission of unnecessary referential words (such as of this section and of this Act)

    • typeface and type size (Times Roman, generally in 11.5 point)

    • layout of provisions, including:

      • indentation

      • position of section headings (eg, the number and heading now appear above the section)

    • format of definitions (eg, the defined term now appears in bold type, without quotation marks)

    • format of dates (eg, a date formerly expressed as the 1st day of January 1999 is now expressed as 1 January 1999)

    • position of the date of assent (it now appears on the front page of each Act)

    • punctuation (eg, colons are not used after definitions)

    • Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly

    • case and appearance of letters and words, including:

      • format of headings (eg, headings where each word formerly appeared with an initial capital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter)

      • small capital letters in section and subsection references are now capital letters

    • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly

    • running heads (the information that appears at the top of each page)

    • format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chronological).

5 List of amendments incorporated in this reprint (most recent first)
  • Public Finance Act 1977 (1977 No 65): section 127

    National Savings Amendment Act 1959 (1959 No 16): section 2(2)

    Public Revenues Act 1953 (1953 No 73): section 120(1)