New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) No instrument that purports—
(a) To transfer or mortgage management rights in relation to radio frequencies in respect of which a record of management rights has been recorded under this Act; or
(b) To grant or transfer or mortgage any spectrum licence—
shall have effect until it is registered in accordance with this Part of this Act.
(2) If 2 or more instruments executed by the same manager or rightholder, and purporting to transfer management rights in relation to the same radio frequencies, or to transfer the same spectrum licence, are presented at the same time to the Registrar for registration, the Registrar shall not register any of the transfers to which the instruments relate until the Registrar is satisfied that one of the instruments has priority in time over the other instrument or instruments and shall, in that case, accept for registration the instrument having priority.
Subsections (1)(b) and (2) were amended, as from 12 October 2001, by section 54 Radiocommunications Amendment Act 2000 (2000 No 8) by inserting, before the word “licence”
, the word “spectrum”
. See clause 2 Radiocommunications Amendment Act Commencement Order 2001 (SR 2001/239).