Earthquake Commission Act 1993

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[Repealed]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Section 5(2): repealed, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).