New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) In this Act, unless the context otherwise requires,—
Annual financial statements of the Crown
[Repealed]
Annual financial statements of the Crown: this definition was amended, as from 21 December 1992, by section 3(1) Public Finance Amendment Act 1992 (1992 No 142), by omitting the word “consolidated”
.
Annual financial statements of the Crown: this definition was repealed, as from 25 January 2005, by section 5(1) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
annual financial statements of the Government means the annual consolidated financial statements for the Government reporting entity prepared under section 27
annual financial statements of the Government: this definition was inserted, as from 25 January 2005, by section 5(1) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
asset means an asset that is defined, recognised, and measured in accordance with generally accepted accounting practice
asset: this definition was inserted, as from 25 January 2005, by section 5(1) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Audit Office
[Repealed]
Audit Office: this definition was amended, as from 1 July 2001, by section 53 Public Audit Act 2001 (2001 No 10) by substituting the words “means the Controller and Auditor-General”
for the words “has the same meaning as in section 14 of the Public Finance Act 1977”
.
Audit Office: this definition was repealed, as from 25 January 2005, by section 5(1) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Auditor-General has the meaning given to it by section 4 of the Public Audit Act 2001.
Auditor-General: this definition was inserted, as from 25 January 2005, by section 5(1) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Bank, in relation to a bank operating within New Zealand, means the Reserve Bank of New Zealand or a registered bank under the Reserve Bank of New Zealand Act 1989
Bank: this definition in the original section 2 was amended by substituting the “Reserve Bank of New Zealand Act 1989”
for the repealed “Reserve Bank of New Zealand Act 1964”
.
Benefit means an amount of public money provided by the Crown for the benefit of some person
borrow money—
(a) includes—
(i) entering into hire purchase agreements or agreements that are of the same or a substantially similar nature; and
(ii) entering into finance lease arrangements or arrangements that are of the same or a substantially similar nature; and
(iii) accepting debt on assignment from other persons; but
(b) does not include the purchase of goods or services on credit, or the obtaining of an advance, through the use of a credit card or by a supplier supplying credit for the purchase of goods or services, for a period of 90 days or less from the date the credit card is used or the credit is supplied.
borrow money: this definition was inserted, as from 25 January 2005, by section 5(2) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Borrowing expenses means any interest or other financing expenses in respect of any loan or under any public security
Borrowing expenses: this definition was amended as from 12 December 2000, by section 3 Public Finance Amendment Act 2000 (2000 No 78), by omitting the words “, including any guarantee or indemnity given under any Act”
.
Budget means the Minister's statement in moving the second reading of the first Appropriation Bill for a financial year.
Budget: this definition was inserted, as from 25 January 2005, by section 5(3) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Capital contribution
[Repealed]
Capital contribution: this definition was repealed, as from 25 January 2005, by section 5(4) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
capital expenditure means the costs of assets acquired or developed (including tangible, intangible, or financial assets and any ownership interest in entities, but excluding inventories)
capital expenditure: this definition was inserted, as from 25 January 2005, by section 5(4) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
carrying amount has the meaning given to it under generally accepted accounting practice.
carrying amount: this definition was inserted, as from 25 January 2005, by section 5(4) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Chief Executive means,—
(a) In the case of a department, the head of the department and includes a Chief Executive appointed under the State Sector Act 1988:
(b) In the case of a Crown entity, the chief executive officer of the Crown entity:
(c) In the case of an Office of Parliament, the head of the Office concerned:
Chief executive: paragraph (b) of this definition in the original section 2 was substituted, as from 21 December 1992, by section 3(2) Public Finance Amendment Act 1992 (1992 No 142).
Class of outputs or class means a grouping of similar outputs
Commitment means future expenses and liabilities to be incurred on contracts that have been entered into at balance date
Company means a company within the meaning of the Companies Act 1955, or the Companies Act 1993, as the case may be
Company: this definition was inserted, as from 21 December 1992, by section 3(3) Public Finance Amendment Act 1992 (1992 No 142).
Contingent liability
[Repealed]
Contingent liability: this definition was substituted, as from 21 December 1992, by section 3(3) and (4) Public Finance Amendment Act 1992 (1992 No 142).
Contingent liability: this definition was repealed, as from 25 January 2005, by section 5(5) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Cost
[Repealed]
Cost: this definition was repealed, as from 25 January 2005, by section 5(5) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Crown or the Sovereign—
(a) Means the Sovereign in right of New Zealand; and
(b) Includes all Ministers of the Crown and all departments; but
(c) Does not include—
(i) An Office of Parliament; or
(ii) A Crown entity; or
(iii) A State enterprise named in Schedule 1 to the State-Owned Enterprises Act 1986:
Crown or Her Majesty: this definition was substituted, as from 21 December 1992, by section 3(5) Public Finance Amendment Act 1992 (1992 No 142).
Crown or Her Majesty: this definition was amended, as from 25 January 2005, by section 5(6)(a) Public Finance Amendment Act 2004 (2004 No 113) by substituting the words “the Sovereign”
for the words “Her Majesty”
in the first place where they appear. See sections 32 to 36 of that Act as to the transitional provisions.
Crown or Her Majesty: paragraph (a) of this definition was amended, as from 25 January 2005, by section 5(6)(b) Public Finance Amendment Act 2004 (2004 No 113) by substituting the words “the Sovereign”
for the words “Her Majesty the Queen”
. See sections 32 to 36 of that Act as to the transitional provisions.
Crown agency
[Repealed]
Crown agency: this definition was repealed, as from 21 December 1992, by section 3(6) Public Finance Amendment Act 1992 (1992 No 142).
Crown Bank Account means any of the bank accounts opened and maintained under section 65R.
Crown Bank Account: this definition was substituted, as from 25 January 2005, by section 5(7) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Crown entity has the meaning given to it by section 7(1) of the Crown Entities Act 2004.
Crown entity: this definition in the original section 2 was inserted, as from 21 December 1992, by section 3(7) Public Finance Amendment Act 1992 (1992 No 142).
Crown entity: this definition was substituted, as from 25 January 2005, by section 5(8) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Crown entity group
[Repealed]
Crown entity group: this definition was repealed, as from 25 January 2005, by section 5(8) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
department—
(a) means—
(i) a department or instrument of the Government or any branch or division of the Government; or
(ii) the Office of the Clerk of the House of Representatives; or
(iii) the Parliamentary Service; but
(b) does not include—
(i) a body corporate or other legal entity that has the power to contract; or
(ii) an Office of Parliament.
Department: this definition in the original section 2 was amended, as from 22 June 1990, by section 23(1) State Insurance Act 1990 (1990 No 36) by substituting the words “or the Public Trust Office”
for the words “the Public Trust office, or the State Insurance office”
.
Department: this definition in the original section 2 was amended, as from 28 June 1990 by section 11(1) Export Guarantee Amendment Act (No 2) 1990 (1990 No 81) by inserting the words “or the Export Guarantee Office”
.
Department: this definition was amended, as from 1 March 2002, by section 170(1) Public Trust Act 2001 (2001 No 100) by omitting the words “or the Public Trust Office,”
. See clause 2 Public Trust Act Commencement Order 2002 (SR 2002/11).
department: this definition was substituted, as from 25 January 2005, by section 5(9) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Departmental Bank Account means any of the bank accounts opened, maintained, and operated under section 65S.
Departmental Bank Account: this definition was substituted, as from 25 January 2005, by section 5(10) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Departmental revenue means revenue generated by a department or an Office of Parliament resulting from the supply by the department or Office of goods, services, rights, or money to other parties, including the Crown
derivative transaction means—
(a) a transaction that is a rate swap transaction, swap option, basis swap, forward rate transaction, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, forward purchase or sale of a security, or commodity or other financial instrument or interest (including an agreement or option that relates to any of these transactions); or
(b) a transaction that is similar to any transaction referred to in paragraph (a) that—
(i) is currently, or in the future becomes, recurrently entered into in the financial markets; and
(ii) is a forward, swap, future, option, or other derivative on 1 or more rates, currencies, commodities, equity securities or other equity instruments, debt securities or other debt instruments, economic indices or measures of economic risk or value, environmental or climatic variable, or other benchmarks against which payments or deliveries are to be made.
derivative transaction: this definition was inserted, as from 25 January 2005, by section 5(11) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Estimates means a statement in any form that—
(a) describes and supports the appropriations being sought in the first Appropriation Bill that relates to a financial year; and
(b) contains the information referred to in section 14.
Estimates: this definition in the original section 2 was amended, as from 21 December 1992, by section 3(8) Public Finance Amendment Act 1992 (1992 No 142) by substituting the word “expenses”
for the word “costs”
.
Estimates: this definition was substituted, as from 25 January 2005, by section 5(12) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Expenses means expenses measured in accordance with generally accepted accounting practice; and includes costs
Expenses: this definition in the original section 2 was inserted, as from 21 December 1992, by section 3(9) Public Finance Amendment Act 1992 (1992 No 142).
Financial year means a period of 12 months commencing on the 1st day of July and ending with the 30th day of June
forecast financial statements means a set of statements that consists of—
(a) a forecast statement of financial performance; and
(b) a forecast statement of financial position; and
(c) a forecast statement of cash flows; and
(d) any other forecast financial statement required by generally accepted accounting practice; and
(e) any other forecast financial statement required for a reporting entity by any regulations made, or instructions issued, under this or any other Act.
forecast financial statements: this definition was inserted, as from 25 January 2005, by section 5(13) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Generally accepted accounting practice means—
(a) Approved financial reporting standards (within the meaning of section 2 of the Financial Reporting Act 1993) so far as those standards apply to the Crown or the department or the Office of Parliament or the Crown entity, as the case may be:
(b) In relation to matters for which no provision is made in approved financial reporting standards (within the meaning of section 2 of the Financial Reporting Act 1993) and which are not subject to any applicable rule of law, accounting policies that—
(i) Are appropriate in relation to the Crown or the department or the Office of Parliament or the Crown entity, as the case may be; and
(ii) Have authoritative support within the accounting profession in New Zealand:
Generally accepted accounting practice: this definition in the original section 2 was repealed, as from 1 July 1994, by section 48(1) Financial Reporting Act 1993 (1993 No 106).
Government means the Executive Government of New Zealand
Government reporting entity means—
(a) the Sovereign in right of New Zealand; and
(b) the legislative, executive, and judicial branches of the Government of New Zealand
Government reporting entity: this definition was inserted, as from 25 January 2005, by section 5(14) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
impact means the contribution made to an outcome by a specified set of outputs, or actions, or both
impact: this definition was inserted, as from 25 January 2005, by section 5(14) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
intelligence and security department means—
(a) the New Zealand Security Intelligence Service; or
(b) the Government Communications Security Bureau.
intelligence and security department: this definition was inserted, as from 25 January 2005, by section 5(14) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
liability means a liability that is defined, recognised, and measured in accordance with generally accepted accounting practice.
liability: this definition was substituted, as from 25 January 2005, by section 5(15) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
local authority means a local authority within the meaning of the Local Government Act 2002
Local authority: this definition was substituted, as from 1 July 2003, by section 262 Local Government Act 2002 (2002 No 84). See sections 273 to 314 of that Act as to the savings and transitional provisions.
Minister means the Treasurer, or other Minister of the Crown who, under the authority of any warrant or with the authority of the Prime Minister, is for the time being responsible for the administration of this Act or particular provisions of this Act
Minister: this definition was substituted, as from 25 June 1997, by section 2 Treasurer (Statutory References) Act 1997 (1997 No 20).
Mode B
[Repealed]
Mode B: this definition in the original section 2 was amended, as from 21 December 1992, by section 3(13) Public Finance Amendment Act 1992 (1992 No 142) by inserting para (aa).
Mode B: paragraph (c) of this definition, in the original section 2, was substituted, as from 1 July 1994, by section 3(14) Public Finance Amendment Act 1992 (1992 No 142).
Mode B: this definition was repealed, as from 25 January 2005, by section 5(16) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Mode C
[Repealed]
Mode C the original definition was amended, as from 21 December 1992, by section 3(15) Public Finance Amendment Act 1992 (1992 No 142) by inserting paragraph (aa).
Mode C: this definition in the original section 2 was amended, as from 21 December 1992, by section 3(16) Public Finance Amendment Act 1992 (1992 No 142) by substituting paragraph (c).
Mode C: this definition was repealed, as from 25 January 2005, by section 5(16) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
multi-class output expense appropriation has the meaning given to it by section 7(3)(b).
multi-class output expense appropriation: this definition was inserted, as from 25 January 2005, by section 5(17) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Office of Parliament means the Parliamentary Commissioner for the Environment (and that Commissioner's office), the Office of Ombudsmen, and the Auditor-General
Office of Parliament: this definition in the original section 2 was substituted, as from 1 July 1993, by section 129(1) Privacy Act 1993 (1993 No 28).
Office of Parliament: this definition was amended, as from 1 July 2001, by section 53 Public Audit Act 2001 (2001 No 10) by substituting the words “Auditor-General as defined in section 4 of the Public Audit Act 2001”
for the words “Audit Office (including the Audit Department)”
.
Office of Parliament: this definition was amended, as from 25 January 2005, by section 5(18) Public Finance Amendment Act 2004 (2004 No 113) by omitting the words “as defined in section 4 of the Public Audit Act 2001”
. See sections 32 to 36 of that Act as to the transitional provisions.
Operating surplus means the amount by which departmental revenue exceeds the expenses of a department
Operating surplus: this definition in the original section 2 was substituted, as from 21 December 1992, by section 3(17) Public Finance Amendment Act 1992 (1992 No 142).
other expenses means any expenses incurred by the Crown, a department, or an Office of Parliament that are other than—
(a) output expenses; or
(b) benefits or other unrequited expenses; or
(c) borrowing expenses.
Other expenses: this definition was substituted, as from 25 January 2005, by section 5(19) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
outcome—
(a) means a state or condition of society, the economy, or the environment; and
(b) includes a change in that state or condition
outcome: this definition was substituted, as from 25 January 2005, by section 5(20) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
output expenses—
(a) includes the full cost of producing and supplying outputs measured in accrual accounting terms; and
(b) includes the full allocation of overhead costs
output expenses: this definition was inserted, as from 25 January 2005, by section 5(20) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
outputs—
(a) means goods or services that are supplied by a department, Crown entity, Office of Parliament, or other person or body; and
(b) includes goods or services that a department, Crown entity, Office of Parliament, or other person or body has agreed or contracted to supply on a contingent basis, but that have not been supplied
outputs: this definition was substituted, as from 25 January 2005, by section 5(20) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
principles of responsible fiscal management has the meaning given to it by section 26G(1).
principles of responsible fiscal management: this definition was inserted, as from 25 January 2005, by section 5(20) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Public money means all money received by the Crown, including the proceeds of all loans raised on behalf of the Crown, and any other money that the Minister or the Secretary directs to be paid into a Crown Bank Account or Departmental Bank Account and any money held by an Office of Parliament; but does not include money held in trust as trust money or money received and held by Crown entities
Public money: this definition in the original section 2 was amended, as from 21 December 1992, by section 3(22) Public Finance Amendment Act 1992 (1992 No 142) by substituting the words “Crown entity”
for the words “Crown agency”
.
Public security means any security issued under section 63 or any provision of any other Act; and includes any loan or credit agreement, guarantee, indemnity, bond, note, debenture, bill of exchange, Treasury bill, Government stock, and any other security representing part of the public debt of New Zealand
Public security: this definition was amended, as from 25 January 2005, by section 5(21) Public Finance Amendment Act 2004 (2004 No 113) by substituting the expression “section 63”
for the words “section 53 of this Act”
. See sections 32 to 36 of that Act as to the transitional provisions.
Purchased
[Repealed]
Purchased: this definition was inserted, as from 7 May 1999, by section 2 Public Finance Amendment Act 1999 (1999 No 45).
Purchased: this definition was repealed, as from 25 January 2005, by section 5(22) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Raising a loan
[Repealed]
Raising a loan: this definition in the original section 2 was substituted, as from 21 December 1992, by section 3(23) Public Finance Amendment Act 1992 (1992 No 142).
Raising a loan: this definition was repealed, as from 25 January 2005, by section 5(22) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
remeasurements—
(a) means revisions of prices or estimates that result from revised expectations of future economic benefits or obligations that change the carrying amounts of assets or liabilities; but
(b) does not include—
(i) revisions that result from transactions or events that give rise to the initial recognition of assets or liabilities in the reporting period; or
(ii) revisions that result from transactions or events directly attributable to actions or decisions taken by the Crown; or
(iii) expenses that arise from the consumption of assets during the reporting period; or
(iv) interest income or interest expenses.
remeasurements: this definition was inserted, as from 25 January 2005, by section 5(23) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Responsible Minister means,—
(a) In relation to a department, the Minister or Ministers for the time being responsible for the financial performance of the department:
(b) in relation to an organisation named or described in Schedule 4, the Minister or Ministers for the time being responsible for the financial performance of that organisation:
(c) in relation to an Office of Parliament, to the Office of the Clerk of the House of Representatives, or to the Parliamentary Service, the Speaker.
(d) [Repealed]
Responsible Minister: this definition in the original section 2 was substituted, as from 21 December 1992, by section 3(24) Public Finance Amendment Act 1992 (1992 No 142).
Responsible Minister: paragraphs (b) and (c) of this definition were substituted, as from 25 January 2005, by section 5(24) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Responsible Minister: paragraph (d) of this definition was repealed, as from 25 January 2005, by section 5(24) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Secretary means the Secretary to the Treasury, being the Chief Executive of the Treasury
Speaker means—
(a) The Speaker of the House of Representatives; or
(b) On the dissolution or expiration of Parliament until the first meeting of the new Parliament, the person holding the office of Speaker of the House of Representatives at the time of the dissolution or expiration, or, if there was at that time a vacancy in the office of Speaker of the House of Representatives or if the person holding that office at that time dies, the person holding the office of Deputy Speaker at the time of the dissolution or expiration:
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 require
Subsidiary: this definition in the original section 2 was inserted, as from 21 December 1992, by section 3(25) Public Finance Amendment Act 1992 (1992 No 142).
Supplementary Estimates means a statement in any form that—
(a) is presented to the House of Representatives in accordance with section 16; and
(b) contains the information referred to in section 17.
Supplementary Estimates: this definition was substituted, as from 25 January 2005, by section 5(25) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Trading revenue
[Repealed]
Trading revenue: this definition was repealed, as from 25 January 2005, by section 5(26) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Treasury means the department of that name and, in relation to any particular function, duty, or power, means the Secretary; and includes any person for the time being authorised, by the Secretary or otherwise, to exercise that function, duty, or power
Treasury instructions means Treasury instructions issued under section 80 of this Act
Trust Bank Account means a Trust Bank Account established under Part 7 of this Act
Trust money means trust money within the meaning of section 66(1) of this Act
type, in relation to an appropriation, means any of the types of appropriations specified in section 7(1).
type: this definition was inserted, as from 25 January 2005, by section 5(27) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
Vote means an appropriation or a grouping of appropriations that is—
(a) the responsibility of a designated Minister or Ministers and administered by 1 department; or
(b) the responsibility of the Speaker and administered by—
(i) an Office of Parliament; or
(ii) the Office of the Clerk of the House of Representatives; or
(iii) the Parliamentary Service.
Vote: this definition in the original section 2 was amended, as from 21 December 1992, by section 3(26) of the Public Finance Amendment Act 1992 (1992 No 142) by omitting from paragraph (a) the words “or programmes”
.
Vote: this definition was substituted, as from 25 January 2005, by section 5(28) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
working day means any day except—
(a) Saturday, Sunday, Good Friday, Easter Monday, Anzac Day, the Sovereign's Birthday, Labour Day, Waitangi Day; and
(b) the day observed as anniversary day in Wellington; and
(c) a day in the period commencing on 25 December in 1 year and ending on 15 January in the next year.
working day: this definition was inserted, as from 25 January 2005, by section 5(29) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.
(2) [Repealed]
(3) [Repealed]
(4) [Repealed]
(5) Notwithstanding any other provision of this Act, where this Act provides that a power may be exercised by both the Minister and the Secretary, the power may be exercised by the Secretary only in so far as the Minister has not otherwise directed.
Compare: 1977 No 65 s 2(1)
Expenses of the Crown: this definition in the original section 2 was inserted, as from 21 December 1992, by section 3(9) Public Finance Amendment Act 1992 (1992 No 142).
Grant: this definition in the original section 2 was repealed, as from 1 July 1994, by section 3(10) Public Finance Amendment Act 1992 (1992 No 142).
Mode A: paragraph (a) of this definition in the original section 2 was amended, as from 21 December 1992, by section 3(11) Public Finance Amendment Act 1992 (1992 No 142) by omitting the words “or a programme”
.
Mode A: paragraph (c) of this definition in the original section 2 was substituted, as from 1 July 1994, by section 3(12) Public Finance Amendment Act 1992 (1992 No 142).
Other expense: this definition in the original section 2 was inserted, as from 21 December 1992, by section 3(18) Public Finance Amendment Act 1992 (1992 No 142).
Outputs this definition in the original section 2 was amended, as from 21 December 1992, by section 3(19) Public Finance Amendment Act 1992 (1992 No 142) by substituting the words “Crown entity”
for the words “Crown agency”
.
Payment on behalf of the Crown: this definition in the original section 2 was inserted, as from 1 July 1994, by section 3(20) Public Finance Amendment Act 1992 (1992 No 142).
Programme: this definition in the original section 2 was repealed, as from 21 December 1992, by section 3(21) Public Finance Amendment Act 1992 (1992 No 142).
Subsections (1A) and (1B) were inserted, as from 21 December 1992, by section 3(27) Public Finance Amendment Act 1992 (1992 No 142).
Section 2 was substituted, as from 1 July 1994, by section 3(1) Public Finance Amendment Act 1994 (1994 No 18).
Subsections (2) to (4) were repealed, as from 25 January 2005, by section 5(30) Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.