New Zealand Legislation: Acts
Acts are laws made by Parliament
Add to web feed | Public Act | 1957 No 106 |
| Date of assent | 25 October 1957 |
This Act is administered in the Treasury.
3 [Spent]
4 Authorisation of railway [Repealed]
5 Authorisation of reclamation [Repealed]
6 [Spent]
7 [Spent]
8 Local authorities may contribute towards the funds of New Zealand Travel and Holidays Association Incorporated and South Island Publicity Association of New Zealand Incorporated
10 [Repealed]
11 [Repealed]
12 [Repealed]
13 [Repealed]
14 [Repealed]
15 [Repealed]
16 [Repealed]
17 [Repealed]
18 [Repealed]
[Repealed]
Schedule 2
Reclamation authorised
[Repealed]
An Act to make provision with respect to public finance and other matters
This Act may be cited as the Finance Act 1957.
[Repealed]
Section 2 was repealed, as from 22 October 1981, by section 2(3)(b) of 1981 Finance Act (No 2) 1981 (1981 No 110).
[Spent]
[Repealed]
Section 4 and Schedule 1 were repealed, as from 1 February 1982, by section 248(1) Public Works Act 1981 (1981 No 35).
[Repealed]
Section 5 and Schedule 2 were repealed, as from 1 April 1981, by section 120(1) New Zealand Railways Corporation Act 1981 (1981 No 119).
[Spent]
[Spent]
It shall be lawful for any local authority or public body to expend from time to time out of its general fund or account any sum or sums of money, either by way of membership contributions or donations, towards the funds of the New Zealand Travel and Holidays Association Incorporated or of the South Island Publicity Association of New Zealand Incorporated.
(1) Part 3 of The Finance Act (No 2) 1946 is hereby repealed, and The Timber Workers' Housing Regulations 1948 are hereby revoked.
(2) All the provisions of Part 3 of The Finance Act (No 2) 1946 shall remain in full force so far as they relate to dwellings to which they apply at the commencement of this section and to the Timber Workers' Housing Pool Account, except that for those purposes section 21 of that Act shall be read as if paragraph (b) of subsection (3) of that section provided as follows:
“(b) Subject to the provisions of this section, every hire purchase agreement shall provide that, if the sawmiller promptly pays all money payable under the agreement and duly observes all the terms and conditions thereof for a period of 20 years, further payments shall thereupon cease and the sawmiller shall be entitled to the certificate referred to in subsection (4) of this section:
Provided that the Corporation may grant to the sawmiller the certificate referred to in that subsection upon payment of such lump sum as the Corporation thinks fit instead of the hiring rent for the balance of the term of the agreement.”
(3) The following further provisions shall apply in respect of all such dwellings:
(a) Every sawmiller to whom a dwelling has been sold under hire purchase agreement pursuant to section 21 of The Finance Act (No 2) 1946 may assign his interest therein if the Corporation assents to the assignment but not otherwise:
(b) Where a dwelling which has been sold under that section reverts or has reverted to the Corporation by reason of default or surrender or otherwise, whether before or after the commencement of this section, the Corporation may sell the dwelling to another sawmiller in terms of that section, but in any such case the period specified in paragraph (b) of subsection (3) of that section may be reduced to the balance of the period then remaining, calculated from the date of the first sale; and, if in the opinion of the Corporation a sale cannot be made upon reasonable terms to another sawmiller, the Corporation may sell, let, or lease the dwelling on the open market on such terms as the Corporation thinks fit; and, in the case of any such sale as is last mentioned, the provisions of Part 3 of The Finance Act (No 2) 1946 shall cease to apply to that dwelling after the expiration of one month from the date of the sale.
(4) Where a certificate under subsection (4) of section 21 of The Finance Act (No 2) 1946 has been issued to a sawmiller (whether before or after the commencement of this subsection), any dwelling referred to in the certificate may at any time be removed by the sawmiller without liability for payment of compensation to the owner of the land whereon the dwelling is situated or to any other person, notwithstanding that the dwelling may have been so attached to the land as to form part thereof.
Subsection (4) was inserted by section 7 of the Finance Act 1961.
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
[Repealed]
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