Housing Corporation Amendment Act 2001

  • repealed
  • Housing Corporation Amendment Act 2001: repealed, on 1 October 2019, pursuant to section 30 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).

Reprint as at 1 October 2019

Housing Corporation Amendment Act 2001

Public Act
2001 No 37
Date of assent
28 June 2001

Housing Corporation Amendment Act 2001: repealed, on 1 October 2019, pursuant to section 30 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).


Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this eprint. See the notes at the end of this eprint for further details.

This Act is administered by the Ministry of Housing and Urban Development.


3New section 1A inserted
5Establishment of Corporation
6New sections 3B to 3D inserted
3BObjectives of Corporation
3CCommunication of the Crown’s social objectives
3DOther provisions relating to Corporation
7New section 18 substituted
18Functions of Corporation
8Powers of Corporation
9Corporation may sell or dispose of all or part of its property
10New sections 19B to 20C substituted
19BValidity of transactions
19CMinisterial reviews
20Corporation to give effect to Government policy
20AOther provisions relating to requirements
20BCompensation of Corporation for providing certain services
20CApplication of sections 20 to 20B to subsidiaries
11Borrowers to contribute to General Reserve Fund
13New sections 30 and 30AA substituted
30Borrowing powers of Corporation and subsidiaries
30AALoans deemed to have been lawfully raised
14Securities issued by Corporation to be guaranteed by the Crown
15Sections 33 to 37, and 39 repealed
16New section 40 substituted
40Distribution of profits
17Annual report
18Protection of name of Corporation
19Procuration fees
20Corporation’s liability for taxes and rates
21New section 49A inserted
49AReferences to Housing Corporation of New Zealand
22New Parts 6 and 7 inserted in principal Act
52Vesting in Corporation of the Crown’s shares in Housing New Zealand Limited
53Vesting orders
54Additional effects of orders
55Records and registers
56Vesting to take effect as amalgamation for certain purposes
57Certain matters not affected by vesting
58Property or liabilities vested in Corporation
59Transfer of contracts and leases
60Application of Privacy Act 1993
62Transfer of employees to Corporation
64Effect of old employment agreement
65Period during which old agreement applies
66Circumstances in which new employment agreement to apply
67Changes in duties or location
68Transfer not enough to break continuous employment
69Transfer not enough to entitle employee to redundancy or severance payment
23New Schedule 1A inserted in principal Act
24Consequential amendments
25Certain enactments consequentially repealed
Reprint notes

The Parliament of New Zealand enacts as follows: