New Zealand Legislation: Acts

11 Powers

• (1) [Repealed]

  (2) Public Trust may exercise its capacity or any of its rights, powers, and privileges for the purpose of—

  • (a) [Repealed]

  • (b) entering into any financial transaction or financial obligation intended to—

    • (i) avoid or lessen any present or possible future risk to Public Trust's current or future income or assets; or

    • (ii) lessen any liability of Public Trust; or

    • (iii) avoid or lessen any possible future liability of Public Trust; or

    • (iv) maximise Public Trust's current or future income (whether net or gross).

  (3) Subsection (2) does not limit sections 16 and 17 of the Crown Entities Act 2004.

  Section 11(1): repealed, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).

  Section 11(2): amended, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).

  Section 11(2)(a): repealed, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).

  Section 11(3): added, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).