Municipal Insurance Act 1960

Reprint
as at 1 July 2003

Coat of Arms of New Zealand

Municipal Insurance Act 1960

Public Act1960 No 29
Date of assent17 October 1960
Commencement17 October 1960

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 Department of Internal Affairs.


An Act to confer certain powers on City Councils, Borough Councils, and Town Councils in relation to insurance

1 Short Title
  • This Act may be cited as the Municipal Insurance Act 1960.

2 Interpretation
  • In this Act, unless the context otherwise requires,—

    the company means the New Zealand Municipalities Cooperative Insurance Company Limited

    local authority means a local authority within the meaning of the Local Government Act 2002.

    Section 2 council: repealed, on 22 October 1981, by section 2(1) of the Municipal Insurance Amendment Act 1981 (1981 No 80).

    Section 2 local authority: replaced, on 1 July 2003, by section 262 of the Local Government Act 2002 (2002 No 84).

3 Authority to register company
  • (1) Notwithstanding anything to the contrary in the Companies Act 1955 or in any other enactment, a company may, with the prior consent in writing of the Minister of Finance, be registered under the provisions of that Act having the name The New Zealand Municipalities Cooperative Insurance Company Limited.

    (2) The consent of the Minister to the registration of the company may be given upon or subject to such conditions as he thinks fit, including, if he so requires, a condition that the company shall not be entitled to exercise any specified powers conferred on it by its memorandum of association or by its articles of association except with the prior consent of the Governor-General in Council.

4 Restriction on altering memorandum or articles
  • The company may not alter its memorandum of association or its articles of association except with the prior consent in writing of the Minister of Finance.

5 Membership of company
  • Subject to the provisions of the memorandum and articles of association of the company, any local authority may become a member of the company by executing the memorandum and articles of association of the company, or by applying for and taking shares in the capital of the company, or, with the consent of the directors of the company, by acquiring shares from a member of the company.

    Section 5: amended on 22 October 1981, by section 3(1) of the Municipal Insurance Amendment Act 1981 (1981 No 80).

6 Raising money to pay for shares
  • [Repealed]

    Section 6: repealed, on 1 July 2003, by section 262 of the Local Government Act 2002 (2002 No 84).

7 Insurance and accident funds may be applied in payment of shares and premiums
  • Any local authority may from time to time apply any money in any fire insurance fund or accident fund established by it under section 128 or section 129 of the Municipal Corporations Act 1954 or the corresponding provisions of any former Act or established pursuant to section 208 of the Local Government Act 1974 or kept pursuant to section 209 of that Act, or any insurance fund of that or any similar kind established under any special Act, in payment for shares in the capital of the company or in payment of insurance premiums to the company.

    Section 7: amended, on 22 October 1981, by section 3(3) of the Municipal Insurance Amendment Act 1981 (1981 No 80).

    Section 7: amended, on 1 April 1980, by section 8(3) of the Local Government Amendment Act 1979 (1979 No 59).


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 Municipal Insurance Act 1960. The reprint incorporates all the amendments to the Act as at 1 July 2003, 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)
  • Local Government Act 2002 (2002 No 84): section 262

    Municipal Insurance Amendment Act 1981 (1981 No 80)

    Local Government Amendment Act 1979 (1979 No 59): section 8(3)