New Zealand Legislation: Acts

359 Regional councils to pay rents, royalties, and other money received into Crown Bank Account

• All rents, royalties, and other sums of money which the holders of resource consents are, by virtue of any authorisation granted under section 161 or any regulations made under section 360(1)(c), required to pay, shall be the property of the Crown and every regional council shall—

  • (a) collect and receive from the holders of such resource consents in its region, all such rents, royalties, and other sums of money on behalf of the Crown; and

  • (b) pay that money into a Crown Bank Account in accordance with the Public Finance Act 1989.

  Section 359(b): amended, on 25 January 2005, pursuant to section 65R(3) of the Public Finance Act 1989 (1989 No 44).