New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The Governor-General may, by Order in Council, amend Schedule 4—
(a) to add to column 1 any of the following:
(i) the name of any body established by or under an Act:
(ii) the name of any statutory office (except an Office of Parliament) or statutory officer established by or under an Act:
(iii) the name of any trust that is created by the Crown by deed of trust or in respect of which the Crown has appointed, or has power to appoint, a majority of the trustees:
(iv) subject to subsection (2), the name of any company:
(b) to apply to an organisation that is in column 1 any provision of the Crown Entities Act 2004 (other than section 165) that is listed in column 2:
(c) to omit from column 1 any of the following (and to omit from column 2 any provision of the Crown Entities Act 2004 that applies to it):
(i) the name of any body, officer, trust, or company in recognition of its dissolution or removal from the register under the Companies Act 1993:
(ii) the name of any company subject to subsection (3):
(iii) the name of any trust in respect of which the Crown ceases to have the power to appoint a majority of the trustees:
(iv) the name of any body, officer, trust, or company that becomes a Crown entity under the Crown Entities Act 2004 or a State enterprise under the State-Owned Enterprises Act 1986:
(d) to substitute, in column 1, the name of any body, officer, trust, or company in recognition of a change in its name:
(e) to omit from column 2 the application of any provision of the Crown Entities Act 2004 to any 1 or more organisations named in column 1.
(2) An Order in Council may be made under subsection (1)(a)(iv) only if the Governor-General in Council is satisfied, at the time of the making of the Order in Council, that more than 50% of the issued ordinary shares in the capital of the company to which the order relates are held by Ministers of the Crown on behalf of the Crown.
(3) An Order in Council may be made under subsection (1)(c)(ii) only if the Governor-General in Council is satisfied, at the time of the making of the Order in Council, that at least 50% of the issued ordinary shares in the capital of the company to which the order relates are no longer held by Ministers of the Crown on behalf of the Crown.
Section 3A was inserted, as from 21 December 1992, by section 4 Public Finance Amendment Act 1992 (1992 No 142).
Subsection (1)(a)(i) was substituted, as from 1 July 1994, by section 4 Public Finance Amendment Act 1994 (1994 No 18).
Section 3A was substituted, as from 25 January 2005, by section 6 Public Finance Amendment Act 2004 (2004 No 113). See sections 32 to 36 of that Act as to the transitional provisions.