Finance Act 1971

Finance Act 1971

Public Act1971 No 55
Date of assent19 November 1971
Note

This Act is administered in the Treasury.

An Act to make provisions with respect to public finance and other matters

1 Short Title

  • This Act may be cited as the Finance Act 1971.

2 Railway deviation authorised

  • [Repealed]

    Section 2 was repealed, as from 1 February 1982, by section 248(1) Public Works Act 1981 (1981 No 35).

3 Contributions towards Xth British Commonwealth Games

  • [Spent]

4 Guarantees of Western Samoan Government loans

  • (1) The Minister of Finance may from time to time, pursuant to the Public Finance Act 1989 and on behalf of Her Majesty the Queen, give in respect of any money borrowed in New Zealand by the Government of Western Samoa by the issue of stock registered in New Zealand by the Reserve Bank of New Zealand on behalf of that Government, and in respect of any interest thereon, any guarantee, indemnity, or security on or subject to such terms and conditions as the Minister thinks fit.

    (2) [Repealed]

    (3) It shall be lawful for a trustee, unless expressly forbidden by the instrument (if any) creating the trust, to invest any trust funds in his hands in any stock in respect of which the Minister of Finance has given a guarantee or indemnity or security under this section.

    Subsection (1) was amended, as from 1 April 1978, by section 160(1) Public Finance Act 1977 (1977 No 65) by inserting the words “pursuant to section 86 of the Public Finance Act 1977 and”.

    Subsection (1) was further amended, as from 1 July 1989, by section 86(1) Public Finance Act 1989 (1989 No 44) by substituting the words “the Public Finance Act 1989” for the words “section 86 of the Public Finance Act 1977”.

    Section 4(2) was repealed, as from 1 April 1978, by section 160(1) Public Finance Act 1977 (1977 No 65).

5 Application of surplus of separate or special rate

  • [Repealed]

    This section was impliedly repealed, as from 29 June 1988 by section 209(1) Rating Powers Act 1988 (1988 No 97).

6 Timber Workers' Housing Pool Account

  • (1) There may, without further appropriation than this section, be paid out of the Timber Workers' Housing Pool Account established under section 24 of the Finance Act (No 2) 1946 into the Public Account to the credit of such account as the Minister of Finance may direct such amounts as the Minister of Finance may approve to be spent in such ways as the Minister of Forests, with the concurrence of the Minister of Finance, determines will be for the benefit of the sawmilling and timber industry; and all or any of the money to be so spent may be spent for the purposes of the Timber Industry Training Centre, Rotorua.

    (2) [Spent]

Schedule

[Spent]