New Zealand Export-Import Corporation Dissolution Act 1992

Reprint
as at 11 April 1992

Coat of Arms of New Zealand

New Zealand Export-Import Corporation Dissolution Act 1992

Public Act1992 No 23
Date of assent10 April 1992
Commencement10 April 1992

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

This Act is administered by the Ministry of Foreign Affairs and Trade.


An Act to dissolve the New Zealand Export-Import Corporation and to provide for matters incidental thereto

1 Short Title
  • This Act may be cited as the New Zealand Export-Import Corporation Dissolution Act 1992.

2 Interpretation
  • In this Act, unless the context otherwise requires, Corporation means the New Zealand Export-Import Corporation established by the New Zealand Export-Import Corporation Act 1974.

3 Dissolution of Corporation
  • As from the commencement of this Act,—

    • (a) the Corporation shall be dissolved; and

    • (b) all real and personal property of the Corporation and all rights and liabilities of the Corporation shall vest in the Crown; and

    • (c) all proceedings pending by or against the Corporation may be carried on, completed, or enforced by or against the Crown.

4 Vacation of office by directors of Corporation
  • (1) Every person who, immediately before the commencement of this Act, held office as a director of the Corporation, shall be deemed, as from the commencement of this Act, to have vacated that office.

    (2) No person who, under subsection (1), is deemed to have vacated office as a director of the Corporation shall be entitled to compensation for loss of office as a director of the Corporation.

5 Final report of Corporation
  • (1) As soon as reasonably practicable after the commencement of this Act, the Secretary of External Relations and Trade shall arrange for a final report of the Corporation to be sent to the Minister of External Relations and Trade showing the Corporation's operations for the period beginning with 1 April immediately preceding the commencement of this Act and ending with the commencement of this Act, and shall attach to the report a copy of the Corporation's accounts for that period certified by the Audit Office.

    (2) A copy of the report and accounts shall be laid before the House of Representatives as soon as practicable after their receipt by the Minister of External Relations and Trade.

6 Prohibition on registration of name
  • (1) No person or other body shall, for a period of 5 years after the commencement of this Act, be incorporated or registered under any Act or otherwise under the name New Zealand Export-Import Corporation or under any other name that, in the opinion of any registering authority within the meaning of section 2 of the Flags, Emblems, and Names Protection Act 1981, so closely resembles that name as to be likely to deceive.

    (2) No person shall, either solely or with any other person, for a period of 5 years after the commencement of this Act, trade or carry on business under the name New Zealand Export-Import Corporation or under any other name that so closely resembles that name as to be likely to deceive.

    (3) Every person who contravenes subsection (2) commits an offence and is liable on summary conviction to a fine not exceeding $5,000.

    (4) Notwithstanding subsections (2) and (3), no company or other body incorporated or registered before 22 March 1974, being the date of the commencement of the New Zealand Export-Import Corporation Act 1974, commits an offence by reason only of the fact that by itself it trades or carries on business after the commencement of this Act under its incorporated or registered name.

7 Amendment to Official Information Act 1982
  • Amendment(s) incorporated in the Act(s).

8 Amendment to Public Finance Act 1989
  • Amendment(s) incorporated in the Act(s).

9 Amendment to National Provident Fund Restructuring Act 1990
  • Amendment(s) incorporated in the Act(s).

10 Repeals
  • The enactments specified in the Schedule are hereby repealed.


Schedule
Enactments repealed

s 10

New Zealand Export-Import Corporation Act 1974 (1974 No 2) (RS Vol 24, p 591)
New Zealand Export-Import Corporation Amendment Act 1985 (1985 No 163) (RS Vol 24, p 604)
New Zealand Export-Import Corporation Amendment Act 1987 (1987 No 152) (RS Vol 24, p 604)

Contents

  • 1General

  • 2Status of reprints

  • 3How reprints are prepared

  • 4Changes made under section 17C of the Acts and Regulations Publication Act 1989

  • 5List of amendments incorporated in this reprint (most recent first)


Notes
1 General
  • This is a reprint of the New Zealand Export-Import Corporation Dissolution Act 1992. The reprint incorporates all the amendments to the Act as at 10 April 1992, as specified in the list of amendments at the end of these notes.

    Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order. For more information, see http://www.pco.parliament.govt.nz/reprints/ .

2 Status of reprints
  • Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment. This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.

    This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

3 How reprints are prepared
  • A number of editorial conventions are followed in the preparation of reprints. For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted. For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.

4 Changes made under section 17C of the Acts and Regulations Publication Act 1989
  • Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice. Changes that would alter the effect of the legislation are not permitted.

    A new format of legislation was introduced on 1 January 2000. Changes to legislative drafting style have also been made since 1997, and are ongoing. To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.

    In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint:

    • omission of unnecessary referential words (such as of this section and of this Act)

    • typeface and type size (Times Roman, generally in 11.5 point)

    • layout of provisions, including:

      • indentation

      • position of section headings (eg, the number and heading now appear above the section)

    • format of definitions (eg, the defined term now appears in bold type, without quotation marks)

    • format of dates (eg, a date formerly expressed as the 1st day of January 1999 is now expressed as 1 January 1999)

    • position of the date of assent (it now appears on the front page of each Act)

    • punctuation (eg, colons are not used after definitions)

    • Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly

    • case and appearance of letters and words, including:

      • format of headings (eg, headings where each word formerly appeared with an initial capital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter)

      • small capital letters in section and subsection references are now capital letters

    • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly

    • running heads (the information that appears at the top of each page)

    • format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chronological).

5 List of amendments incorporated in this reprint (most recent first)