3 Principal Act amended
4 Trustees may act by majority
5 Accounts and balance sheet
6 Appointment and duties of auditor
The Parliament of New Zealand enacts as follows:
This Act is—
(a) Te Ture Whenua Maori Amendment Act 2008; or
(b) the Maori Land Amendment Act 2008.
This Act comes into force on the day after the date on which it receives the Royal assent.
This Act amends Te Ture Whenua Maori Act 1993.
Section 227 is amended by repealing subsection (1A).
Section 276(1) is amended by omitting “incorporaton” and substituting “incorporation”.
Section 277 is amended by inserting the following subsection after subsection (1):
“(1A) This section does not apply to a Maori incorporation that had gross revenue of $25,000 or less for its most recently completed financial year, unless the shareholders of that Maori incorporation resolve by special resolution that the accounts of the Maori incorporation should be audited under this section.”
This Act is administered by Te Puni Kōkiri.