Finance Act 1983

Reprint
as at 1 July 1987

Coat of Arms of New Zealand

Finance Act 1983

Public Act1983 No 59
Date of assent7 December 1983
Commencementsee section 1(2)
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 and commencement

  • (1) This Act may be cited as the Finance Act 1983.

    (2) Except as provided in section 2(2), this Act shall come into force on 1 July 1984.

Part 1
Economic stabilisation

  • Part 1: repealed, on 1 July 1987, by section 2(d) of the Economic Stabilisation Act Repeal Act 1987 (1987 No 126).

2 This Part to be read with Economic Stabilisation Act 1948

  • [Repealed]

    Section 2: repealed, on 1 July 1987, by section 2(d) of the Economic Stabilisation Act Repeal Act 1987 (1987 No 126).

3 Interpretation

  • [Repealed]

    Section 3: repealed, on 1 July 1987, by section 2(d) of the Economic Stabilisation Act Repeal Act 1987 (1987 No 126).

4 Stabilisation regulations in respect of mortgage loans

  • [Repealed]

    Section 4: repealed, on 1 July 1987, by section 2(d) of the Economic Stabilisation Act Repeal Act 1987 (1987 No 126).

5 Transitional provisions

  • [Repealed]

    Section 5: repealed, on 1 July 1987, by section 2(d) of the Economic Stabilisation Act Repeal Act 1987 (1987 No 126).

Part 2
Repeals

6 Repeal of National Savings Act 1940

  • (1) The following enactments are hereby repealed:

    • (a) the National Savings Act 1940 (hereafter in this section referred to as the principal Act):

    • (b) the Finance Act (No 3) 1944:

    • (d) the National Savings Amendment Act 1959:

    • (e) the National Savings Amendment Act 1960.

    (2) Every notice under section 4 or section 5 of the principal Act is hereby revoked.

    (3) Except as provided in subsection (4), neither the repeal by subsection (1) of the enactments specified in that subsection nor the revocation by subsection (2) of the notices referred to in that subsection shall affect the rights of any person in relation to any investment made at any time before the commencement of this Act under the principal Act.

    (4) Where any money invested in a National Savings Investment Account under the principal Act has not before 1 July 1985 been withdrawn by the person entitled to it, the bank concerned shall continue to hold that money until it is withdrawn, and upon its withdrawal shall pay to the person withdrawing it interest at the rate of 3.5% per year, compounded annually.

    (5) All money paid by the Postmaster-General in respect of investments made under the principal Act shall be paid out of the Post Office Account referred to in section 169 of the Post Office Act 1959.

7 Repeals and savings

  • [Repealed]

    Section 7: repealed, on 28 December 1984, by section 10(1) of the Finance Act 1984 (1984 No 21).

Schedule
Enactments repealed

s 7(1)

[Repealed]

  • Schedule: repealed, on 28 December 1984, by section 10(1) of the Finance Act 1984 (1984, No 21).

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 1983. The reprint incorporates all the amendments to the Act as at 1 July 1987, 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)

  • Economic Stabilisation Act Repeal Act 1987 (1987 No 126): section 2(d)

    Finance Act 1984 (1984 No 21): section 10(1)