Energy Companies (Waipa Power Limited) Vesting Order 1993

Reprint
as at 30 April 1993

Crest

Energy Companies (Waipa Power Limited) Vesting Order 1993

(SR 1993/109)

Catherine A Tizard, Governor-General

Order in Council

At Wellington this 26th day of April 1993

Present:
The Hon Doug Kidd presiding 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 Ministry of Economic Development.


Pursuant to section 47(1) of the Energy Companies Act 1992, Her Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, and on the recommendation of the Minister of Energy, hereby makes the following order.

Order

1 Title
  • This order may be cited as the Energy Companies (Waipa Power Limited) Vesting Order 1993.

2 Interpretation
  • (1) In this order, unless the context otherwise requires,—

    the Act means the Energy Companies Act 1992

    the company means Waipa Power Limited

    the Trust means the Waipa Power Trust, being the trust referred to by that name in the establishment plan approved by the Minister in respect of the Boards on 5 April 1993.

    (2) Expressions not defined in this order but defined in the Act have, in this order, the meanings so defined.

3 Appointment of date for vesting of undertakings of Boards in successor company
  • 1 May 1993 is hereby appointed as the date on which—

    • (a) the undertaking of the Cambridge Electric Power Board; and

    • (b) the undertaking of the Te Awamutu Electric Power Board—

    shall, by virtue of section 47(1) of the Act, vest in the company.

4 Shares held by Boards in company
  • On 1 May 1993,—

    • (a) all of the shares held by the Cambridge Electric Power Board in the company at the close of 30 April 1993; and

    • (b) all of the shares held by the Te Awamutu Electric Power Board in the company at the close of 30 April 1993—

    shall, by virtue of section 47(1)(b) of the Act, vest in Ronald James Cooper in his capacity as trustee of the Trust.

5 Equity securities to be issued by company
  • (1) The equity securities that shall be issued by the company consequent upon the vesting in it of—

    • (a) the undertaking of the Cambridge Electric Power Board; and

    • (b) the undertaking of the Te Awamutu Electric Power Board—

    shall be 9 999 900 fully paid up ordinary shares of $1 each on the terms specified in the articles of association of the company.

    (2) The equity securities referred to in subclause (1) shall be issued as follows:

    • (a) to the following persons in their capacity as trustees of the Trust:

      • (i) 1 428 571 to Christopher Pickering Firth:

      • (ii) 1 428 571 to Kenneth Elliott Jones:

      • (iii) 1 428 571 to James Ross Mitchell:

      • (iv) 1 428 571 to Rex Woodroffe Pilkington:

      • (v) 1 428 571 to Arnold James Wilkinson:

      • (vi) 1 428 474 to Ronald James Cooper:

    • (b) 1 428 571 to Brian Stewart Nabbs in his capacity as nominee on behalf of the Trust.

    (3) The equity securities referred to in subclause (1) shall be issued on 1 May 1993.

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 is made pursuant to section 47(1) of the Energy Companies Act 1992. The order appoints 1 May 1993 as the date on which the energy undertakings of the Cambridge Electric Power Board and the Te Awamutu Electric Power Board shall vest in their successor company, Waipa Power Limited. The order—

  • (a) provides for the vesting of the shares held by the Boards in the company by virtue of section 47(1)(b) of the Act; and

  • (b) specifies the equity securities that shall be issued by the company consequent upon the vesting in it of the undertaking of the Boards; and

  • (c) specifies the persons to whom those equity securities shall be issued.


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

Date of notification in Gazette: 29 April 1993.


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 Energy Companies (Waipa Power Limited) Vesting Order 1993. The reprint incorporates all the amendments to the order as at 30 April 1993, 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)