Reprint
as at 1 April 1982

Coat of Arms of New Zealand

Finance Act 1958

Public Act1958 No 38
Date of assent25 September 1958
Commencement25 September 1958

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 1958.

2 Validating increase of salaries of heads of overseas missions
  • (1) Notwithstanding anything to the contrary in any other Act, it is hereby declared that there may be paid without further appropriation than this section to any overseas representative within the meaning of the External Affairs Act 1943 who is the head of a diplomatic mission of the Government of New Zealand in any other country an amount by way of increase of salary from 18 November 1956 at the rate of 40 pounds a year.

    (2) This section shall be deemed to have come into force on 19 November 1956.

3 Exemption from duty in certain cases of simultaneous deaths
  • Where, before the commencement of the Simultaneous Deaths Act 1958, 2 or more persons have died at the same time or in circumstances which give rise to reasonable doubt as to which of them survived the other or others and, after the commencement of that Act, a person who became entitled to any property on the death of any of them makes a gift of the whole or part of that property (or of property representing that property) to the person who would have become entitled to that property on that death if that Act had then been in force, the gift shall not be taken into account as such under the Estate and Gift Duties Act 1955 either for the purposes of gift duty or for the purposes of estate duty.

4 Saving rights of certain persons in Cook Islands to object to assessments for income tax
  • [Repealed]

    Section 4: repealed, on 17 December 1971, by section 32(3)(c) of the Land and Income Tax Amendment Act 1971 (1971 No 146).

5 Extending the time for claiming compensation with respect to Lake Taupo
  • Notwithstanding anything in section 5 of the Lake Taupo Compensation Claims Act 1947, a special claim for compensation arising out of the levels of Lake Taupo notified in a notice published in the Gazette on 14 March 1957, at page 477, may be made under that section at any time not later than 14 March 1959, or, with the consent of the Minister of Works, which may be given either before or after the said 14 March 1959, not later than a day to be specified by the Minister in that behalf, but in any case not later than 14 March 1960.

6 Authorisation of railways
  • [Repealed]

    Section 6: repealed, on 1 February 1982, by section 248(1) of the Public Works Act 1981 (1981 No 35).

7 Conn's Creek Branch Railway
  • [Repealed]

    Section 7: repealed, on 1 April 1982, by section 120(1) of the New Zealand Railways Corporation Act 1981 (1981 No 119).

8 Authorising expenditure by local authorities in welcoming and farewelling Governor-General
  • It shall be lawful and be deemed always to have been lawful for any local authority or public body to expend money out of its general fund or account in connection with public functions of welcome and farewell to any Governor-General.

9 Empowering certain local authorities to expend money in connection with Hawke's Bay 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 Hawke's Bay to expend money out of its general fund or account towards celebrating and commemorating the 100th anniversary of the settlement of Hawke's Bay and in connection with the establishment of a centennial memorial or centennial memorials, and to make grants to the body known as the Hawke's Bay Centennial Council for any such purpose.

10 Arbitration in respect of price to be charged for bulk supply of electrical energy by Electric Power Board to municipal corporation
  • Where any Electric Power Board supplies electrical energy to a municipal corporation for distribution by the corporation and the Board and the corporation cannot agree as to the price to be charged and paid for electrical energy supplied as aforesaid during the period beginning with 1 April 1958 and ending with 31 March 1963, or during any part of that period, the matter shall be referred to arbitration and, for the purposes of the arbitration, this section shall be deemed to be a submission within the meaning of the Arbitration Act 1908 and the reference shall be deemed to be to 2 arbitrators, one to be appointed by the Board and one by the Council of the corporation. The 2 arbitrators shall appoint 1 umpire immediately they are themselves appointed.

11 Saving of member of Parliament from disqualification
  • The provisions of the Electoral Act 1956 as to the disqualification of members of Parliament or of candidates for election as members of Parliament shall not apply to any payment received by the Honourable William Arthur Fox, member of Parliament, in respect of any remuneration payable to him as a member of the Workers' Compensation Board in respect of any period before 1 October 1958.


Schedule
Railways authorised

s 6

[Repealed]

  • Schedule: repealed, on 1 February 1982, by section 248(1) of the Public Works Act 1981 (1981 No 35).


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 1958. The reprint incorporates all the amendments to the Act as at 1 April 1982, 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)
  • New Zealand Railways Corporation Act 1981 (1981 No 119): section 120(1)

    Public Works Act 1981 (1981 No 35): section 248(1)

    Land and Income Tax Amendment Act 1971 (1971 No 146): section 32(3)(c)