Finance Act Commencement Order 1989

1989/89

Finance Act Commencement Order 1989


Note

This order is administered in the Treasury.


PURSUANT to section 6(1) and (5) of the Finance Act (No 2) 1988, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, and being satisfied, at the time of the making of this order, that at least 50 percent of the ordinary shares in the capital of Air New Zealand Limited are no longer held on behalf of Her Majesty the Queen, hereby makes the following order.

1 Title
  • This order may be cited as the Finance Act Commencement Order 1989.

2 Commencement of sections 25 and 26

MARIE SHROFF,

Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order, which results from the sale by the Crown of all but one of its shares in Air New Zealand Limited, brings into force on 12 May 1989 the provisions of sections 25 and 26 of the Finance Act (No 2) 1988.

Section 25 omits the name of Air New Zealand Limited from Schedule 1 to the Official Information Act 1982. That company will thus cease to be an organisation to which that Act applies.

Section 26 repeals the provision that requires the annual report and annual accounts of Air New Zealand Limited to be presented to Parliament.


Issued under the authority of the Regulations Act 1936.

Date of notification in Gazette: 4 May 1989.