New Zealand Legislation: Acts

6 Minister of Finance may direct Registrar regarding establishment of Crown holding accounts and carry out trading activities with respect to units

• The Minister of Finance may, on behalf of the Crown,—

  • (a) direct the Registrar to establish or close Crown holding accounts:

  • (b) direct the Registrar to transfer units to any holding account in the Registry or to an overseas registry:

  • (c) buy or sell units, or otherwise acquire or dispose of units:

  • (d) enter into agreements to buy or sell units, or otherwise acquire or dispose of units, with any person (including any other Party):

  • (e) buy or sell, or enter into any agreement to buy or sell, or otherwise acquire or dispose of, any financial derivatives or other financial instruments relating to units or in connection with transactions relating to units:

  • (f) appoint agents to conduct the activities referred to in paragraphs (a) to (e) on the terms and conditions that the Minister of Finance thinks fit.

  Section 6 heading: amended, on 8 December 2009, by section 9(1) of the Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57).

  Section 6(a): amended, on 8 December 2009, by section 9(2) of the Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57).