New Zealand Legislation: Acts

20 Certain powers not to be delegated

• Despite section 73 of the Crown Entities Act 2004, the board must not delegate any of the following powers:

  • (a) [Repealed]

  • (b) the power to acquire or dispose of real property (otherwise than in relation to an estate):

  • (c) the power to form and register a subsidiary (otherwise than in relation to an estate):

  • (d) the power to borrow money (otherwise than in relation to an estate):

  • (e) the power to appoint a chief executive.

  Section 20: amended, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).

  Section 20(a): repealed, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).