Reprint
as at 1 March 2002

Coat of Arms of New Zealand

Finance Act 1968

Public Act1968 No 54
Date of assent12 December 1968
Commencement12 December 1968

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 1968.

2 Advances to officers stationed overseas
  • [Repealed]

    Section 2: repealed, on 1 April 1978, by section 163(1) of the Public Finance Act 1977 (1977 No 65).

3 Authorising payment of surplus money held under the Hawke's Bay Earthquake Relief Funds Act 1931 to charitable organisations on trust
  • [Repealed]

    Section 3: repealed, on 1 March 2002, by section 170(1) of the Public Trust Act 2001 (2001 No 100).

4 Validating certain expenditure by the New Zealand Council for Educational Research
  • Notwithstanding anything in section 11 of the New Zealand Council for Educational Research Act 1945, the expenditure out of its general fund by the New Zealand Council for Educational Research for purposes not authorised by that or any other Act of a sum amounting to $237.67 in the financial year ending with 31 March 1968 is hereby validated and declared to have been lawfully made.

5 Superannuation contributions of Mr Justice Tompkins
  • Notwithstanding that the Honourable Arthur Lance Tompkins did not make an election under the second proviso to subsection (1) of section 78 of the Government Superannuation Fund Act 1956 (as substituted by section 13 of the Government Superannuation Fund Amendment Act 1964) within the time prescribed in that behalf, the provisions of the said section 78 shall apply as if he had made a valid election under that proviso to contribute at the rate of 5%.

    Section 5: amended, on 1 November 1976, pursuant to section 3(3) of the Government Superannuation Fund Amendment Act 1976 (1976 No 30).

6 New Zealand Centennial Act 1938 repealed
  • (1) The following enactments are hereby repealed:

    • (a) the New Zealand Centennial Act 1938.

    • (b) Amendment(s) incorporated in the Act(s).

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

    (2) Notwithstanding the repeal of the enactments specified in subsection (1), it shall continue to be lawful for a local authority (as defined in the New Zealand Centennial Act 1938) to expend money in connection with the maintenance of any approved centennial memorial as if section 18 of that Act (as amended by section 52 of the Statutes Amendment Act 1939) had continued in force.

7 Authorising expenditure by local authorities in respect of Cook Bicentenary Celebrations
  • It shall be lawful and be deemed always to have been lawful for any local authority or public body to expend out of its general fund or account any sum or sums of money for or towards the Captain James Cook Bicentenary Celebrations to be held in the years 1969 and 1970.


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 1968. The reprint incorporates all the amendments to the Act as at 1 March 2002, 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)
  • Public Trust Act 2001 (2001 No 100): section 170(1)

    Public Finance Act 1977 (1977 No 65): section 163(1)

    Government Superannuation Fund Amendment Act 1976 (1976 No 30): section 3(3)