New Zealand Legislation: Acts

5 Functions of Commission

• (1) The functions of the Commission are—

  • (a) to administer the insurance against natural disaster damage provided under this Act:

  • (b) to collect premiums payable for the insurance provided under this Act:

  • (c) to administer the Fund and, so far as is reasonably practicable, protect its value, including by the investment of money held in the Fund:

  • (d) to obtain reinsurance in respect of the whole or part of the insurance provided under this Act:

  • (e) to facilitate research and education about matters relevant to natural disaster damage, methods of reducing or preventing natural disaster damage, and the insurance provided under this Act:

  • (f) such other functions as may be conferred on it by—

    • (i) this Act or any other Act; or

    • (ii) the Minister, in accordance with section 112 of the Crown Entities Act 2004.

  (2) [Repealed]

  Section 5(1)(f)(ii): substituted, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).

  Section 5(2): repealed, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).