This note is not part of the order, but is intended to indicate its general effect.
This order brings into force, on 6 October 1999, subsections (7) to (9) of section 4 of the State-Owned Enterprises (Meteorological Service of New Zealand Limited and Vehicle Testing New Zealand Limited) Amendment Act 1999.
Subsection (7) removes Vehicle Testing New Zealand Limited from Part 2 of Schedule 1 of the Ombudsmen Act 1975. The company therefore ceases to be subject to that Act and to the Official Information Act 1982.
Subsection (8) removes Vehicle Testing New Zealand Limited from Schedule 18 of the Income Tax Act 1994. Schedule 18 contains a list of State-owned enterprises. State-owned enterprises are excluded from the exemption from income tax that certain public authorities have under section CB 3(a) of that Act. As a State-owned enterprise, Vehicle Testing New Zealand Limited is also a special corporate entity (as that term is defined in section OB 1 of the Income Tax Act 1994). The definition relates to the loss carry-forward provisions of that Act. It is not necessary for the provisions of the Act relating to State-owned enterprises to continue to apply once the Crown has sold its shares in the company.
Subsection (9) consequentially revokes the State-Owned Enterprises Order 1993 (SR 1993/414).