New Zealand National Airways Corporation Dissolution Act 1978

Reprint
as at 1 December 1978

Coat of Arms of New Zealand

New Zealand National Airways Corporation Dissolution Act 1978

Public Act1978 No 48
Date of assent11 October 1978
Commencementsee section 1

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 Ministry of Transport.


An Act to give effect to the merger of Air New Zealand Limited and the New Zealand National Airways Corporation by authorising Air New Zealand Limited to assume the functions of the Corporation and providing for the dissolution of the Corporation

1 Short Title and commencement
2 Interpretation
  • In this Act, unless the context otherwise requires,—

    Air New Zealand Limited means the duly incorporated company of that name having its registered office at Auckland

    Corporation means the New Zealand National Airways Corporation established under section 4 of the New Zealand National Airways Act 1945.

3 Authorising and validating transfer of services, etc, to Air New Zealand Limited
  • (1) Until section 4 comes into force, Air New Zealand Limited may, in its own name and in the place of the Corporation, maintain all or any of the services established by the Corporation under subsection (1) or subsection (1A) of section 13 of the New Zealand National Airways Act 1945 and, in so doing, may exercise and perform in its own name, but otherwise as if it were the Corporation, all or any of the powers, functions, and duties conferred or imposed on the Corporation by that section.

    (2) The exercise and performance by Air New Zealand Limited, pursuant to subsection (1), of all or any of the powers, functions, and duties conferred or imposed on the Corporation by section 13 of the New Zealand National Airways Act 1945 shall, for the purposes of subsection (2) of that section, constitute the exercise and performance of such powers, functions, and duties by the Corporation itself.

    (3) The Corporation may, for the purpose of enabling Air New Zealand Limited to exercise and perform the powers, functions, and duties referred to in subsection (1), transfer to Air New Zealand Limited all or any of the licences held by the Corporation under the Air Services Licensing Act 1951 or any other Act.

    (4) The Air Services Licensing Act 1951 shall be read subject to the provisions of this section.

    (5) For the avoidance of doubt, every transfer by the Corporation to Air New Zealand Limited of a licence held by the Corporation under the Air Services Licensing Act 1951 or any other Act, being a transfer effected before the passing of this Act, is hereby declared to be and always to have been validly made.

4 Dissolution of Corporation and transfer of property, etc
  • (1) The New Zealand National Airways Corporation is hereby dissolved.

    (2) On the commencement of this section—

    • (a) all real and personal property belonging to the Corporation shall become vested in Air New Zealand Limited:

    • (b) notwithstanding anything in the memorandum or articles of association of any company incorporated under the Companies Act 1955 in which the Corporation owns shares, the shares so owned shall become vested in Air New Zealand Limited:

    • (c) all money payable to the Corporation shall become payable to Air New Zealand Limited:

    • (d) all liabilities, contracts, and engagements, and all rights and authorities of any nature whatever, of the Corporation shall become liabilities, contracts, engagements, rights, and authorities of Air New Zealand Limited:

    • (e) all proceedings pending by or against the Corporation may be carried on, completed, and enforced by or against Air New Zealand Limited:

    • (f) every person who immediately before such commencement was an officer or employee of the Corporation shall become, without further appointment than this section, an officer or employee of Air New Zealand Limited on and subject to the same terms and conditions of employment (including those applicable to salaries and allowances) as applied to him immediately before such commencement.

    (3) Subject to subsection (5), the District Land Registrar, on receiving a written request from Air New Zealand Limited under its seal, incorporating a reference to this section, shall without fee make such entries in his registers and on any outstanding documents of title and generally do all such things as may be necessary to give effect to the provisions of subsection (2) in respect of land and interests in land specified in the request.

    (4) All references to the Corporation in any security or other document whatever which is subsisting immediately before the date of commencement of this section, or in any notice or other communication served, given, or sent before, on, or after that date in relation to any such security or other document shall, unless the context otherwise requires, be read as references to Air New Zealand Limited.

    (5) No Registrar of Deeds or District Land Registrar or any other person charged with the keeping of any books or registers shall be obliged, solely by the provisions of this section, to change the name of the Corporation to that of Air New Zealand Limited in his books or registers or in any document in his charge; but the presentation to any such Registrar or other person of any instrument—

    • (a) executed or purporting to be executed by Air New Zealand Limited; and

    • (b) relating to any property held immediately before the commencement of this section by the Corporation; and

    • (c) containing a recital that the property has become vested in Air New Zealand Limited by virtue of the provisions of this section—

    shall, in the absence of proof to the contrary, be sufficient evidence that the property is vested in Air New Zealand Limited.

    (6) Except as provided in subsections (3) and (5), nothing in this section shall derogate from the provisions of the Land Transfer Act 1952.

    (7) For the purposes of the Income Tax Act 1976, losses incurred by the Corporation shall be deemed to have been incurred by Air New Zealand Limited.

    (8) The following enactments are hereby repealed:

    • (a) the New Zealand National Airways Act 1945:

    • (b) the New Zealand National Airways Amendment Act 1948:

    • (c) the New Zealand National Airways Amendment Act 1957:

    • (d) the New Zealand National Airways Amendment Act 1958:

    • (e) the New Zealand National Airways Amendment Act 1960:

    • (f) the New Zealand National Airways Amendment Act 1964:

    • (g) the New Zealand National Airways Amendment Act 1965:

    • (h), (i) Amendment(s) incorporated in the Act(s):

    • (j) the New Zealand National Airways Amendment Act 1973:

    • (k) the New Zealand National Airways Amendment Act 1975:

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

    (9) The following Orders in Council are hereby revoked:

    • (a) the New Zealand National Airways Corporation (Extension of Powers) Regulations 1949:

    • (b) the New Zealand National Airways Corporation Bylaws Order 1971.

5 Part 3 of Commerce Act 1975 not to apply
  • For the avoidance of doubt it is hereby declared that—

    • (a) the merger given effect to by this Act is not a transaction to which Part 3 of the Commerce Act 1975 applies; and

    • (b) Part 3 of the Commerce Act 1975 does not apply, and shall be deemed never to have applied, in respect of the said merger or to any proceedings or other matters preliminary or incidental to it, whether or not those proceedings or other matters took place before, on, or after the date of commencement of this section.

6 Allotment of shares in Air New Zealand Limited
  • As soon as practicable after the commencement of section 4, Air New Zealand Limited shall allot and issue to the Minister of Finance, on behalf of Her Majesty the Queen, shares in the share capital of Air New Zealand Limited of an amount equal to the equity capital of the Corporation as at 31 March 1978, which shares shall be deemed to have been duly subscribed for and to have been fully paid up.


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 New Zealand National Airways Corporation Dissolution Act 1978. The reprint incorporates all the amendments to the Act as at 1 December 1978, 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)