State Advances Corporation Act 1965

  • repealed
  • State Advances Corporation Act 1965: repealed, on 1 October 2019, by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).

Reprint as at 1 October 2019

Coat of Arms of New Zealand

State Advances Corporation Act 1965

Public Act
1965 No 47
Date of assent
19 October 1965
19 October 1965

State Advances Corporation Act 1965: repealed, on 1 October 2019, by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).


Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

This Act is administered by the Ministry of Justice.


1Short Title
2Interpretation [Repealed]
3State Advances Corporation of New Zealand [Repealed]
4Constitution of Corporation [Repealed]
5Disqualification of directors and removal from office [Repealed]
6Meetings of Corporation [Repealed]
7Associate directors [Repealed]
8Managing Director and Deputy Managing Director [Repealed]
9Remuneration of directors [Repealed]
10General Manager [Repealed]
11Appointment of officers and employees [Repealed]
12Contracts of Corporation [Repealed]
13Execution of documents on behalf of Corporation [Repealed]
14Delegation of powers of Corporation [Repealed]
15Business and functions [Repealed]
16Power to deal in and manage property [Repealed]
17Corporation to implement policy of the Government [Repealed]
18Loans to local authorities for housing purposes [Repealed]
19Loans for industry and other purposes [Repealed]
20Guarantees by Corporation of portions of loans granted for certain commercial purposes [Repealed]
21Guarantees by Corporation of portions of mortgages granted for housing purposes [Repealed]
22Corporation may act as agent [Repealed]
23Security for money lent by Corporation [Repealed]
24Mortgages of leasehold interests [Repealed]
25Special provisions as to mortgages of leasehold interests in Crown land or certain classes of Maori land [Repealed]
26Repayment of loans [Repealed]
27Mortgagors required to contribute to General Reserve Fund [Repealed]
28Corporation may issue bonds or stock [Repealed]
29Securities issued by Corporation to be State guaranteed [Repealed]
30Authorising investments in securities issued by Corporation [Repealed]
31Corporation may borrow money on hypothecation of its own securities [Repealed]
32Corporation stock may be inscribed by Reserve Bank [Repealed]
33Advances from the National Development Loans Account [Repealed]
34General Reserve Fund [Repealed]
35Corporation to maintain approved securities on account of General Reserve Fund [Repealed]
36Financial year [Repealed]
37Distribution of profits of Corporation [Repealed]
38Corporation to furnish report and copy of annual accounts [Repealed]
39Audit of accounts [Repealed]
40No other corporation to be formed with similar name
41Procuration fees not chargeable in respect of loans from Corporation [Repealed]
42Composition of stamp duty in respect of cheques by Corporation [Repealed]
43Corporation’s liability for taxes and rates [Repealed]
44Regulations [Repealed]
45Repeals, amendments, and revocations [Repealed]
Reprint notes

An Act to consolidate and amend the State Advances Corporation Act 1934–35 and its amendments