New Zealand Legislation: Acts

7 Authorisations granted

• (1) Authorisations under section 67(3)(b) of the Commerce Act 1986 are granted for—

  • (a) the new co-op amalgamation; and

  • (b) the acquisition by new co-op of all the shares in the Board; and

  • (c) the amalgamation of new co-op (or a wholly-owned subsidiary of new co-op) and The Tatua Co-operative Dairy Company Limited under Part 13 of the Companies Act 1993; and

  • (d) the amalgamation of new co-op (or a wholly-owned subsidiary of new co-op) and Westland Co-operative Dairy Co Limited under Part 13 of the Companies Act 1993.

  (2) The authorisations under subsection (1) are granted on the date of commencement of this subpart.

  (3) The authorisation under subsection (1)(a) expires 20 working days after it is granted.

  (4) The authorisation under subsection (1)(c) expires on the date that The Tatua Co-operative Dairy Company Limited transfers or surrenders all its shares in the Board under this Act.

  (5) The authorisation under subsection (1)(d) expires on the date that Westland Co-operative Dairy Co Limited transfers or surrenders all its shares in the Board under this Act.

  (6) Sections 91 to 97 of the Commerce Act 1986 do not apply to the authorisations granted under this section.