New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 6 August 2010
| Public Act | 1974 No 19 |
| Date of assent | 29 June 1974 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.
A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.
This Act is administered in the Housing Corporation of New Zealand.
1 Short Title and commencement
Part 1
Housing New Zealand Corporation
3 Establishment of Corporation
3A Corporation to have Tenancy Bond Division [Repealed]
3C Communication of the Crown's social objectives
3D Other provisions relating to Corporation
4 Offices of Corporation [Repealed]
5 Director-General of Corporation [Repealed]
7 Members to hold office during pleasure [Repealed]
8 Disqualification of members [Repealed]
10 Meetings of Corporation [Repealed]
11 Disclosure of interests [Repealed]
12 Remuneration of members [Repealed]
14 Contracts of Corporation [Repealed]
15 Execution of documents on behalf of Corporation [Repealed]
16 Committees [Repealed]
17 Delegation of functions or powers of Corporation [Repealed]
Part 2
Functions and powers of Corporation
19A Corporation may sell or dispose of all or part of its property [Repealed]
19B Validity of transactions [Repealed]
19C Ministerial reviews [Repealed]
20 Corporation to give effect to Government policy
20A Other provisions relating to directions
20B Compensation of Corporation for providing certain services
20C Application of sections 20 to 20B to subsidiaries
21 Loans to local authorities for housing purposes
22 Loans for industry and other purposes [Repealed]
23 Guarantees and indemnities [Repealed]
23A Guarantees and indemnities under Residential Tenancies Act 1986 [Repealed]
24 Loans, guarantees, and indemnities at request of Minister of Finance
25 Securities [Repealed]
26 Mortgages of leasehold interests
27 Special provisions as to mortgages of leasehold interests in Crown land or certain classes of Maori land
28 Repayment of loans [Repealed]
29 Borrowers to contribute to Corporation's funds
30 Borrowing powers of Corporation and subsidiaries
30AA Loans deemed to have been lawfully raised
30A Power to enter into swaps or other financial arrangements [Repealed]
31 Securities issued by Corporation to be guaranteed by Crown
32 Investments in securities issued by Corporation [Repealed]
33 Corporation may borrow money on hypothecation of securities [Repealed]
34 Registration of stock [Repealed]
35 Advances from Crown Bank Account [Repealed]
36 General Reserve Fund [Repealed]
37 Corporation to maintain approved securities on account of General Reserve Fund [Repealed]
38 Financial year [Repealed]
39 Unauthorised expenditure [Repealed]
41 Audit of Accounts [Repealed]
41A Crown entity [Repealed]
42 Annual report [Repealed]
43 Protection of name of Corporation
44 Prohibition of procuration fees [Repealed]
45 Corporation's liability for taxes and rates
46 Members not Crown servants [Repealed]
47 Personal liability of members [Repealed]
49 Corporation to succeed State Advances Corporation
49A References to Housing Corporation of New Zealand
50 Amendments to other enactments, repeals, and savings
Part 6
Restructuring of housing entities
Housing New Zealand Limited to become subsidiary of Corporation
52 Vesting in Corporation of the Crown's shares in Housing New Zealand Limited
Transfer to Corporation of assets, functions, liabilities, and obligations of existing companies
54 Additional effects of orders
56 Vesting to take effect as amalgamation for certain purposes
57 Certain matters not affected by vesting
58 Property or liabilities vested in Corporation
59 Transfer of contracts and leases
60 Application of Privacy Act 1993
Part 7
Transfer of employees to Corporation
62 Transfer of employees to Corporation
64 Effect of old employment agreement
65 Period during which old agreement applies
66 Circumstances in which new employment agreement to apply
67 Changes in duties or location
68 Transfer not enough to break continuous employment
69 Transfer not enough to entitle employee to redundancy or severance payment
The title was repealed, as from 1 July 2001, by section 25(1)(a) Housing Corporation Amendment Act 2001 (2001 No 37). It previously read “An Act to establish the Housing Corporation of New Zealand and to define its functions, powers, and duties”
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