Energy Companies (Wairarapa Electricity Limited) Vesting Order 1993

Reprint
as at 1 July 1994

Coat of Arms of New Zealand

Energy Companies (Wairarapa Electricity Limited) Vesting Order 1993

(SR 1993/143)

Catherine A Tizard, Governor-General

Order in Council

At Wellington this 24th day of May 1993

Present:
Her 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 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 (Wairarapa Electricity Limited) Vesting Order 1993.

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

    the Act means the Energy Companies Act 1992

    area of supply means the area of supply specified in the Schedule to the licence issued to the Board under section 20 of the Electricity Act 1968 by the Minister of Energy on 20 March 1985, and published in the Gazette on 21 March 1985 at page 1242

    the Board means the Wairarapa Electric Power Board

    the company means Wairarapa Electricity Limited

    electoral district has the meaning given to that term by section 3(1) of the Electoral Act 1993

    electoral roll has the meaning given to that term by section 3(1) of the Electoral Act 1993

    main roll has the meaning given to that term by section 3(1) of the Electoral Act 1993

    qualifying elector means a person—

    • (a) who, at the close of 31 July 1993, is listed as an elector on the electoral roll in force on that date for—

      • (i) the Southern Maori electoral district; or

      • (ii) the Pahiatua electoral district; or

      • (iii) the Wairarapa electoral district; and

    • (b) whose address on that roll is within the area of supply; and

    • (c) from whom the company has received an application, in the form, and by the date, required by the company, to be allocated shares referred to in clause 5(2)(d)

    supplementary roll has the meaning given to that term by section 3(1) of the Electoral Act 1993.

    (2) A person who is listed as an elector on a main roll or a supplementary roll for an electoral district shall, for the purposes of this order, be deemed to be listed as an elector on the electoral roll for that district.

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

    Clause 2(1) electoral district: amended, on 1 July 1994, pursuant to section 284 of the Electoral Act 1993 (1993 No 87).

    Clause 2(1) electoral roll: amended, on 1 July 1994, pursuant to section 284 of the Electoral Act 1993 (1993 No 87).

    Clause 2(1) main roll: amended, on 1 July 1994, pursuant to section 284 of the Electoral Act 1993 (1993 No 87).

    Clause 2(1) supplementary roll: amended, on 1 July 1994, pursuant to section 284 of the Electoral Act 1993 (1993 No 87).

3 Appointment of date for vesting of undertaking of Board in successor company
  • 31 May 1993 is hereby appointed as the date on which the undertaking of the Board shall, by virtue of section 47(1)(a) of the Act, vest in the company.

4 Shares held by Board in company
  • On 31 May 1993, all of the shares held by the Board in the company at the close of 30 May 1993 shall, by virtue of section 47(1)(b) of the Act, vest as follows in the following persons in their capacity as nominees on behalf of all persons to whom equity securities are required to be issued pursuant to clause 5(2):

    • (a) 14 in Brian Joseph Bourke:

    • (b) 14 in Lawrence Roland Valpy Bryant:

    • (c) 16 in John Douglas Matheson:

    • (d) 14 in Gary John Percy:

    • (e) 14 in Garry Robert Smith:

    • (f) 14 in Alan George Lodge:

    • (g) 14 in Ian Thomas Hoare.

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 the undertaking of the Board shall be 15 999 900 fully paid up ordinary shares of 95 cents each issued 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) 512 000 to the Carterton District Council:

    • (b) 1 919 900 to the Masterton District Council:

    • (c) 768 000 to the South Wairarapa District Council:

    • (d) 12 800 000 to qualifying electors as follows:

      • (i) where 12 800 000 is a multiple of the number of qualifying electors, the equity securities shall be divided equally among the qualifying electors; or

      • (ii) where 12 800 000 is not a multiple of the number of qualifying electors,—

        • (A) the number of equity securities that corresponds to that multiple of the number of qualifying electors that is the highest multiple less than 12 800 000 shall be divided equally among the qualifying electors; and

        • (B) subject to subclauses (3) and (4), each of the remaining equity securities shall be issued to a qualifying elector until all of the equity securities have been issued.

    (3) The electors to whom equity securities shall be issued in accordance with subclause (2)(d)(ii)(B) shall be selected by the directors of the company by lot.

    (4) No qualifying elector shall be entitled to be issued more than 1 equity security in accordance with subclause (2)(d)(ii)(B).

    (5) The equity securities referred to in subclause (1) shall be issued on 31 August 1993.

Bob MacFarlane,
Acting for Clerk of the Executive Council.


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

Date of notification in Gazette: 27 May 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 (Wairarapa Electricity Limited) Vesting Order 1993. The reprint incorporates all the amendments to the order as at 1 July 1994, 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)