Finance Act 1975

Reprint
as at 30 June 1988

Coat of Arms of New Zealand

Finance Act 1975

Public Act1975 No 133
Date of assent10 October 1975
Commencement10 October 1975
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 finances and other matters

1 Short Title

  • This Act may be cited as the Finance Act 1975.

2 Validating excess unauthorised expenditure

  • All sums in excess of an amount equal to 101.5% of the total amount of the sums appropriated by the Appropriation Act 1974 and the Appropriation Act (No 2) 1974 issued and applied by the Minister of Finance towards the supplies granted to Her Majesty for the services of the year that ended with 31 March 1975 are hereby declared to have been lawfully issued and applied.

3 Pension to widow of late Norman Eric Kirk

  • [Repealed]

    Section 3: repealed (with effect on 1 January 1988), on 30 June 1988, by section 6(4) of the Finance Act 1988 (1988 No 107).

4 Validating incurring of overdraft by New Zealand Potato Board

  • [Repealed]

    Section 4: repealed, on 9 February 1977, by section 39(1) of the Potato Industry Act 1977 (1977 No 77).

5 Confirming revocation of regulations

  • Whereas regulation 25 of the Overseas Investment Regulations 1974 (in this section referred to as the new regulations) purported to revoke the Overseas Take-overs Regulations 1964, the Overseas Take-overs Regulations 1964, Amendment No 1, the Overseas Take-overs Regulations 1964, Amendment No 2, the Capital Issues (Overseas) Regulations 1965, the Capital Issues (Overseas) Regulations 1965, Amendment No 1, the Capital Issues (Overseas) Regulations 1965, Amendment No 2, and the Capital Issues (Overseas) Regulations 1965, Amendment No 3 (in this section together referred to as the old regulations:

    And whereas the old regulations and the new regulations were not made pursuant to the same Act:

    And whereas doubts have arisen as to the legality of the purported revocation as aforesaid of the old regulations:

    And whereas it is desirable that those doubts be resolved:

    Be it therefore enacted as follows:

    The old regulations are hereby declared to have been lawfully revoked on 24 May 1974.

6 Authorising Soil Conservation and Rivers Control Council to make grants for protection of certain water supplies

  • Whereas pursuant to section 14 of the Water and Soil Conservation Act 1967 the National Water and Soil Conservation Authority (in this section referred to as the Authority) has all the functions, rights, powers and duties conferred or imposed upon the Soil Conservation and Rivers Control Council (in this section referred to as the Council):

    And whereas pursuant to section 30 of the Soil Conservation and Rivers Control Act 1941 the Council is empowered to make grants for certain purposes:

    And whereas the Authority has made and intends to make grants pursuant to the said section 30 towards certain works done and to be done pursuant to a project known as the Waihou Valley Scheme (in this section referred to as the Scheme):

    And whereas the New Zealand Co-operative Dairy Company Limited and the Te Aroha Thames Valley Co-operative Dairy Company Limited (in this section referred to as the factories) have objected to the Scheme upon the grounds that the works proposed to be done thereunder might have a detrimental effect on the water supplies to the factories:

    And whereas it has been agreed that certain works be done as part of the Scheme for the purpose of protecting the water supplies to the factories (in this section referred to as the said purpose):

    And whereas the Council is not empowered to make grants for the said purpose:

    And whereas it is desirable that the Council be so empowered:

    Be it therefore enacted as follows:

    The Council is hereby authorised and empowered to make grants to any person or body for the said purpose.

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 1975. The reprint incorporates all the amendments to the Act as at 30 June 1988, 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)

  • Finance Act 1988 (1988 No 107): section 6(4)

    Potato Industry Act 1977 (1977 No 77): section 39(1)