as at 1 April 1991

Coat of Arms of New Zealand

Finance Act 1956

Public Act1956 No 51
Date of assent25 October 1956
Commencement25 October 1956


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 1956.

2 Validating general increase of salaries of Government servants
  • (1) Notwithstanding anything to the contrary in the Public Service Act 1912 or in any other enactment, and without limiting any other powers in that behalf, it is hereby declared that there may be paid from money appropriated by Parliament for the payment of salaries and of allowances in the nature of salaries to persons employed by the Crown amounts by way of increase of salary from 31 March 1956 which shall not exceed in any case the sum of 410 pounds a year.

    (2) This section shall be deemed to have come into force on 1 April 1956.

3 Interest rate on National Savings investments
  • [Repealed]

    Section 3: repealed, on 1 July 1984, by section 6(1)(c) of the Finance Act 1983 (1983 No 59).

4 Exemptions from estate duty, etc, to estates of deceased diplomatic and other representatives in New Zealand
  • [Repealed]

    Section 4: repealed, on 11 October 1957, by section 22(1) of the Diplomatic Immunities and Privileges Act 1957 (1957 No 21).

5 Advances to officers stationed overseas
  • [Repealed]

    Section 5: repealed, on 12 December 1968, by section 2(2) of the Finance Act 1968 (1968 No 54).

6 Empowering certain local authorities to expend money in connection with Marlborough centennial celebrations
  • It shall be lawful and be deemed always to have been lawful for any local authority or public body whose district lies wholly or partly within the boundaries of the Provincial District of Marlborough to expend money out of its general fund or account towards celebrating and commemorating the 100th anniversary of the constitution of the Province of Marlborough, and in connection with the establishment of a centennial memorial or centennial memorials, and to make grants to the body known as the Marlborough Centennial Committee for any such purpose.

7 Expenditure by Education Boards in celebrating centennials
  • [Repealed]

    Section 7: repealed, on 20 October 1972, by section 13(a) of the Education Amendment Act 1972 (1972 No 34).

8 Local Authorities Superannuation Act 1908 repealed
  • (1) The following enactments are hereby repealed, namely:

    • (a) the Local Authorities Superannuation Act 1908:

    • (b) the Local Authorities Superannuation Amendment Act 1912:

    • (c) Amendment(s) incorporated in the Act(s):

    • (d) the Local Authorities Superannuation Amendment Act 1924:

    • (e)–(h) Amendment(s) incorporated in the Act(s).

    (2) [Repealed]

    Section 8(2): repealed, on 1 April 1991, by section 79(c) of the National Provident Fund Restructuring Act 1990 (1990 No 126).


  • 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)

1 General
  • This is a reprint of the Finance Act 1956. The reprint incorporates all the amendments to the Act as at 1 April 1991, 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 .

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 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)
  • National Provident Fund Restructuring Act 1990 (1990 No 126): section 79(c)

    Finance Act 1983 (1983 No 59): section 6(1)(c)

    Education Amendment Act 1972 (1972 No 34): section 13(a)

    Finance Act 1968 (1968 No 54): section 2(2)

    Diplomatic Immunities and Privileges Act 1957 (1957 No 21): section 22(1)