New Zealand Legislation: Acts
Acts are laws made by Parliament
In this Act, unless the context otherwise requires,—
board means—
(a) in relation to a State enterprise that is a company, the board of directors of the State enterprise:
(b) in relation to a State enterprise that is not a company, the persons occupying the positions in or in relation to the State enterprise that are comparable with those of the board of directors of a company
company means—
(a) a company formed and registered under the Companies Act 1955 or an existing company within the meaning of that Act; or
(b) a company formed and registered under the Companies Act 1993,—
as the case may be
Crown means Her Majesty the Queen in right of New Zealand
equity bond means a State enterprise equity bond issued pursuant to section 12
Minister means a Minister of the Crown
organisation includes a company, a body corporate, a partnership, and a joint venture
responsible Minister, in relation to a State enterprise, means the Minister for the time being responsible for that State enterprise
rules means—
(a) in relation to a State enterprise that is a company, the memorandum of association and articles of association or the constitution, as the case may be, of the State enterprise:
(b) in relation to a State enterprise that is not a company, the documents relating to the State enterprise that are comparable to the memorandum of association and articles of association or the constitution, as the case may be, of a company
share means—
(a) in relation to a company that has issued shares, a share of any class (but, except in sections 14 and 22, does not include an equity bond):
(b) in relation to an organisation (other than a company) that has a capital, an interest in or right to the whole or any part of that capital, other than an interest or right as a creditor:
(c) in relation to a company or other organisation that does not have a capital,—
(i) an interest in or right to any part of the assets of the company or organisation, other than an interest or right as a creditor; or
(ii) where there are no assets, a direct or contingent obligation to contribute money to or bear losses of the company or organisation;—
and shareholder has a corresponding meaning
shareholding Ministers means the Minister of Finance and the responsible Minister
State enterprise means an organisation that is named in Schedule 1
statement of corporate intent, in relation to a State enterprise, means the current statement of corporate intent for the State enterprise prepared pursuant to section 14
subsidiary has the same meaning as in sections 158 and 158A of the Companies Act 1955 or sections 5 and 6 of the Companies Act 1993, as the case may be.
Section 2 company: substituted, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
Section 2 equity bond: inserted (with effect on 1 April 1987), on 1 July 1987, by section 2(1) of the State-Owned Enterprises Amendment Act 1987 (1987 No 117).
Section 2 rules paragraph (a): amended, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
Section 2 rules paragraph (b): amended, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
Section 2 share paragraph (a): amended, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
Section 2 share paragraph (a): amended (with effect on 1 April 1987), on 1 July 1987, by section 2(2) of the State-Owned Enterprises Amendment Act 1987 (1987 No 117).
Section 2 subsidiary: substituted, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).
