Finance Act (No 2) (Approved Unit Trust) Order 1990

Reprint
as at 28 September 1990

Coat of Arms of New Zealand

Finance Act (No 2) (Approved Unit Trust) Order 1990

(SR 1990/255)

Paul Reeves, Governor-General

Order in Council

At Wellington this 24th day of September 1990

Present:
His Excellency the Governor-General in Council

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

This order is administered by the Treasury.

Pursuant to section 5(1) of the Finance Act (No 2) 1990, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following order.

Order

1 Title and commencement

  • (1) This order may be cited as the Finance Act (No 2) (Approved Unit Trust) Order 1990.

    (2) This order shall come into force on 1 October 1990.

2 Interpretation
3 Appointment of date on which holders of bonus bonds and Post Office bonus bonds become unit holders in approved unit trust

  • 1 October 1990 is hereby appointed as the date on which every person who, immediately before that date is the holder of a bonus bond or a Post Office bonus bond, shall become the holder of a unit or units in the approved unit trust, being the unit trust established by ANZ Investment Services (New Zealand) Limited, being a company related to Post Office Bank Limited, and approved by the Minister of Finance by notice published in Gazette, 20 September 1990, No 164, at page 3431, corresponding in number to the number of units representing each dollar evidenced by the bond subject to the rights and obligations attaching to that unit or units by virtue of the unit trust as if that person had become the holder by subscription.

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 appoints 1 October 1990 as the date on which, pursuant to section 5(1) of the Finance Act (No 2) 1990, the holders of bonus bonds will become the holders of units in an approved unit trust.

The Finance Act (No 2) 1990 makes provision for the establishment of a unit trust or unit trusts of which ANZ Investment Services (New Zealand) Limited, being a company related to Post Office Bank Limited, is the manager, for the approval of such trust or trusts by the Minister of Finance by notice in the Gazette, and for the existing holders of bonus bonds issued under the Post Office Act 1959 or the Post Office Bank Act 1987 to become the holders of units in the trust or trusts corresponding in number to the units representing each dollar evidenced by the bond.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 27 September 1990.

Contents

  • 1General

  • 2Status of reprints

  • 3How reprints are prepared

  • 4Changes made under section 17C of the Acts and Regulations Publication Act 1989

  • 5List of amendments incorporated in this reprint (most recent first)

Notes
1 General

  • This is a reprint of the Finance Act (No 2) (Approved Unit Trust) Order 1990. The reprint incorporates all the amendments to the order as at 28 September 1990, as specified in the list of amendments at the end of these notes.

    Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order. For more information, see http://www.pco.parliament.govt.nz/reprints/ .

2 Status of reprints

  • Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment. This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.

    This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

3 How reprints are prepared

  • A number of editorial conventions are followed in the preparation of reprints. For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted. For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.

4 Changes made under section 17C of the Acts and Regulations Publication Act 1989

  • Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice. Changes that would alter the effect of the legislation are not permitted.

    A new format of legislation was introduced on 1 January 2000. Changes to legislative drafting style have also been made since 1997, and are ongoing. To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.

    In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint:

    • •omission of unnecessary referential words (such as “of this section” and “of this Act”)

    • •typeface and type size (Times Roman, generally in 11.5 point)

    • •layout of provisions, including:

      • •indentation

      • •position of section headings (eg, the number and heading now appear above the section)

    • •format of definitions (eg, the defined term now appears in bold type, without quotation marks)

    • •format of dates (eg, a date formerly expressed as “the 1st day of January 1999” is now expressed as “1 January 1999”)

    • •position of the date of assent (it now appears on the front page of each Act)

    • •punctuation (eg, colons are not used after definitions)

    • •Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly

    • •case and appearance of letters and words, including:

      • •format of headings (eg, headings where each word formerly appeared with an initial capital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter)

      • •small capital letters in section and subsection references are now capital letters

    • •schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly

    • •running heads (the information that appears at the top of each page)

    • •format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chronological).

5 List of amendments incorporated in this reprint (most recent first)